After the mandate for the registry of property in the name of loved ones for Rs 5 thousand, there was an increase in the registry department
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This mandate has been issued on Friday and after that on Monday many people reached the Registry Department located in Sector-33 with the intention of getting information about it and getting it registered. Husband and wife can take advantage of this scheme to get property in each other’s name. Apart from this, parents in the names of their children, children in the names of their parents, sisters and brothers in each other’s names, grandparents in the name of grandchildren and others who are blood relations can avail the benefit of this scheme in doing property in each other’s name. Can pick up
10 thousand people took advantage
Earlier in 2022 also, for a few months, this scheme was implemented in the Registry Department on the orders of the government. The deadline of this scheme ended on 16 December 2022 itself. According to the information, so far about 10,000 people have got the names of the family members registered in the registry department by taking advantage of this scheme. It is expected that this time also the number of people taking advantage of it will be in thousands. According to the instructions written in the mandate, the scheme will remain in force till further orders.
Registry fee will have to be paid one percent
According to the mandate, no matter how much the property is, it can be registered in the name of the family members only on a stamp duty of five thousand. Apart from this, one percent registration fee will have to be deposited. It can be understood in such a way that if a property is worth one crore, then one percent i.e. one lakh rupees will be charged as registration fee and five thousand stamp duty will be charged. 4-5 lakhs will be directly saved in stamp duty.
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Scheme has been brought for residential and agricultural land
According to the mandate, only residential i.e. flat or sector and village house will come under the ambit of this scheme. Along with this, agricultural land will also come under the purview of this scheme. Any type of property like commercial, institutional, industrial, group housing etc. will not come under its purview. This scheme has been brought from the government level only to give the benefit of this scheme to the common people.
Registry to avoid conflicts
Let us tell you that under the last scheme, in most of the cases, the parents have ended the disputes by getting the property registered in the name of their children while they are alive. At the same time, in the families where there are cases of giving share in the property of the house to the daughters, many people have got the registry done taking advantage of this scheme. Till now it used to happen that parents used to write wills of property in the name of their children, but this created a situation of discord in many families. Now to avoid such discord, most people can take advantage of this scheme.
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