Don’t miss the latest developments in business and finance.

No sale deed needed in property transacted under GPA: govt

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:10 AM IST

The government, however said, the property transactions involving GPA that have taken place after the Supreme Court order on October 12, 2011, would not be null and void and property holders can "regularise" them by paying the difference in the stamp duty.

Revenue Minister A K Walia said immediate restrictions were put on GPA as a mode of property transfer following the apex court order but still such transactions had taken place, following which an advisory was issued to all the officers concerned last week to comply with the order.

"All concerned officials have been implementing the Supreme Court order. However, the advisory was issued to ensure total compliance of the Supreme Court order," he said.

The Supreme Court had on October 12 last year ruled that sale transactions carried in the name of GPA will have no legal sanctity and immovable property can be sold or transferred only through registered deeds.

Walia said the city government is committed to honouring the judgement and implement it in true spirit as it will immensely benefit the citizens of Delhi.

  

Also Read

First Published: May 04 2012 | 7:35 PM IST

Next Story