Spl registry camps come to relief of homebuyers
Spl registry camps come to relief of homebuyers
Ramesh Kumar
Spl registry camps come to relief of homebuyers Running against time: Rush at the Office of Sub-Registrar for registration of flats
Photo: Samrat Roy

Spl registry camps come to relief of homebuyers

Homebuyers in Noida no longer need to stand in long queues to register their flats. The Noida Sub-Registrar office has decided to organise special registry camps for them.

Ever since the Uttar Pradesh Government decided to hike stamp duty by 2 per cent, there has been a rush for registration of properties in Noida and Greater Noida.

Speaking to City Spidey, Assistant Inspector General of Stamps and Registration, Gautam Buddha Nagar, District, SK Singh, said besides regular office hours, the Sub-Registrar Office is ready to hold special camps for bulk registration.

“If a group of 100 to 150 homebuyers from Noida come forward with a request to organise an especial camp, the department will entertain them. Such camps can be even organised on public holidays,” he said.Around 20,000 properties were denied completion certificates by Noida Authority, two years ago, for non-compliance of green norms laid down by the National Green Tribunal (NGT). Last month, as many as 5,000 homebuyers completed registration of their properties after the matter was resolved. Around 15,000 homes are still waiting to be registered.

The property buyers, who have been waiting for NGT clearance for more than two years, were further motivated to register their properties with the announcement of 2 per cent hike in stamp duty.

Meanwhile, the Department of Sub-Registrar has earned a record revenue of Rs 490 crore last month from the sale of stamps against a target of Rs 172 crore. The total revenue for the fiscal year 2015-2016 was Rs 1,985 crore against a target of Rs 1,875 crore. The department has earned Rs 110 crore in surplus. Singh attributed this to the ongoing rush for registration.

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