Punjab to allow registration of conveyance deeds on old allotment rates

North Gazette News/Chandigarh
Punjab government on Sunday announced to allow all those allottees of immoveable properties i.e. plots, houses etc by the government or a public sector undertaking or local bodies to get their first conveyance deeds registered at rates mentioned in their allotment letters.

Punjab Revenue Minister Bikram singh Majithia said that earlier allottees were required to get conveyance deed executed on collector rate that was linked to present market rate of property and this decision of Punjab government to register deeds on allotment rate would benefit a large number of allottees to the tune of crores.

“After considering the demand of allotees, a decision was taken by Punjab Chief Minister Parkash Sigh Badal and on his directions required notification in this regard has been issued by the state Revenue department,” he said, adding that this benefit was being extended at the time of execution of first conveyance deed of such property to all those allottees, who have taken the possession of their properties after depositing their all installments.

Majithia clarified that this concession has been extended for only two months i.e between April 8 to June 7, 2015. He categorically said that there would be no extension in this regard. He urged all such allotees to get registered first conveyance deed of their properties.
Bse allottees of immoveable properties I.e. plots, houses etc) by the government or a public sector undertaking or local bodies to get their first conveyance deeds registered at rates mentioned in their allotment letters.