No NOC needed for registration in freehold coop housing societies

Providing relief to thousands of occupants of freehold cooperative housing societies, the UT Administration has decided to do away with the mandatory requirement of no-objection certificate (NOC) for registration of property rights.

Prior to this change, the office of the Registrar Cooperative Societies in Chandigarh was required to provide an NOC before executing documents such as sale deeds, gift deeds, family transfer deeds and mutual transfer deeds for dwelling units in these societies.

However, as of today, UT Administrator Gulab Chand Kataria has approved a proposal to do away with the requirement for prior approval from the Registrar Cooperative Societies for such deeds. This means that individuals in freehold cooperative housing societies will now be able to execute sale deeds, gift deeds, family transfer deeds and similar legal documents without needing an NOC from the Registrar Cooperative Societies, which simplifies the process of property transactions in these societies.

In Chandigarh, there are a total 68 freehold cooperative housing societies with nearly 4,000 flats. However, buyers and sellers of flats in these cooperative societies have been facing significant delays in their transfer cases due to NOC-related issues.