Noida:In the last nine days of Navratri, the Stamp and Registration Department registered 303 flats and collected stamp duty of Rs 103 crore. The number of registrations is almost three times that of normal days.
Assistant Inspector General of Registration (I) BS Verma said, “Usually, we register 10-20 flats every day. However, we registered three times more during Navratri as people consider it an auspicious time for important purchases. Let’s see. In a few days, we got 75-85 flats registered in a day.”
Apart from flats, 1,804 other properties were registered between October 3 and 11, taking the total to 2,107 property registrations.
The Stamps and Registration Department collected Rs 3,585 crore in 2023-24, up from Rs 3,018 crore in 2022-23. The department aims to raise Rs 4,880 crore in the current financial year.
meanwhile, Noida Authority There are plans to send developers of six residential projects to the Economic Offenses Wing (EOW) as they owe land dues worth Rs 1,035 crore. These developers did not opt for the UP government’s rehabilitation package for the stalled projects.
Of the 57 projects that had defaulted on land dues, 29 accepted the package, which provides two-year zero-period relief from April 2020 to March 2022, exempting developers from penalties and interest during the lockdown. Is.
Besides, 17 developers made partial payment, while five agreed but did not pay. Six others did not give their consent. So far, about 1500 flats have been registered in Noida under the Rehabilitation and Resettlement Scheme.
In December last year, the UP government had come up with a rehabilitation package to speed up flat registries in the state. The guidelines adopted several recommendations of the Amitabh Kant Committee, which prepared a roadmap for the revival of 2.4 lakh stalled or stressed housing units.
The zero period exemption was on interest earned during the two years of the Covid pandemic.
As per the rules, builders who opted for the package had to pay 25% of their recalculation dues within 60 days. For those who have paid the first installment of the outstanding amount, they are likely to be considered for a further rebate on interest during the calculation NGT ban on construction around Okhla Bird Sanctuary,
