Registry of plots below 180 sq yards to begin soon in Gurgaon

Registry of plots below 180 sq yards to begin soon in Gurgaon

The Gurgaon district administration recently forwarded the case of dissatisfied residents to the State government for review. This means that buyers of independent builder floors built on plots smaller than 180 square yards may soon be able to register their properties in Gurgaon.

 

Due to current State government restrictions, owners cannot register their properties if they are built on plots measuring less than 180 square yards. As a result, they cannot formally own or sell the properties. These properties are currently purchased and sold using a General Power of Attorney (GPA), resulting in a loss to the state because no stamp duty is collected on such transactions.

 

Developers promised buyers at the time of purchase that the properties would be registered once the State government developed a policy on the subject. However, when the policy for the registration of independent floors was established in 2012, it set a lower limit for registration at 190 square yards, excluding many of them.

 

Investors and industry experts also see the government's 'builder floor' policy as contradictory, as the Haryana Government's Deen Dayal Jan Awas Yojana (DDJY), which was launched in 2021 to ensure the availability of houses to all sections of society, allows the registration of floors built on plots of 120 square yards and above.

 

Following the residents of Sushant Lok's representation to Nishant Yadav, Deputy Commissioner of Gurgaon, the case was forwarded to the government for consideration.