New instructions for property transfer and ownership defined by the supreme court for Chandigarh administration.
On January 10 the Supreme court formulated the policy of 'apartmentalisation' for the Chandigarh, the beautiful city. New guidelines regarding transfer and registration of residential buildings in the city will be applicable only to residential properties in entire Chandigarh with effect from February 10.
According to the new rules purchase of a share on the basis of MoU between parties will not be considered a measure to recognise ownership rights over any floor/part of any site/building. Auction was declared the remedy of disputes and the sale proceeds thereafter to be distributed among co-sharers. These conditions are included in the affidavit to be filed at the time of execution and registration/ transfer of shares etc. Transfer will be allowed if 100% property is purchased by either a single person or multiple persons belonging to the same family, irrespective of the fact whether the present owners are members of the same family or strangers/outside family.
Residential apartments under the Chandigarh Housing Board and apartments approved under The Chandigarh Apartment Rules, 2001, by the Estate Office will not be affected by the order of the Supreme Court. The Heritage committee was directed by the supreme court to consider the issue of redensification in Phase-I (Sectors 1 to 30) of the city. The committee asked to consider their own recommendations to preserve the northern sector of Chandigarh in present form.
Deputy Commissioner Vinay Pratap Singh approved the decision and said that it will be applicable in entire city.
Report by Himanshi
Graphics by Tarun
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