New rules for registration of floors on HSVP plots as residential units

Tribune News Service

Chandigarh, July 14

The Haryana Revenue Department has come up with additional guidelines that it hopes will plug the “leakage” in stamp and registration duty in the registration of different floors as separate dwelling units in the state.

The fresh guidelines shall be applicable for all residential plots developed by the Haryana Shahari Vikas Pradhikaran (HSVP). Financial Commissioner (revenue) Sanjeev Kaushal has issued a letter notifying the new guidelines to all DCs, tehsildar-cum-deputy registrars and all naib tehsildar-cum-deputy/joint registrar in the state.

He said in case of residential plots developed by the HSVP, different floors (even 2/3/4) had been allowed as separate dwelling units, but it had been observed that various instructions/guidelines issued in this case were not being followed. Therefore, additional guidelines/instructions had been issued. There shall be no vertical transfer of any floor, ie a single floor cannot be registered by the registering officers in the name of two or more separate persons by dividing the same. Hence, only horizontal transfer, that is the complete floor, is allowed to be registered under the Registration Act, 1908. There shall be no fragmentation of the plot vertically and all independent floor owners shall jointly own the full plot having independent floors. The apportionment of land cost for the purpose of stamp duty and registration fee shall be in equal proportion among all independent floors.

It is further clarified that the same shall be 50 per cent each for two floors, 33.33 per cent each for three floors and 25 per cent each for four floors, as per the collector rates fixed from time to time in the respective districts. Prior permission of the HSVP shall be mandatory before the registration of a specific floor of a plot whether vacant or built up. If a constructed floor is transferred, apportioned cost of plot as well as the cost of construction of that floor as per the collector rate shall be combined for the purpose of levy of stamp duty and registration fee. For the registration of such independent floors, in addition to the normal stamp duty, 1 per cent extra stamp duty will be paid by the applicant desirous of registering the floor-wise dwelling units.

Prior permission mandatory

• Prior permission of the HSVP shall be mandatory before the registration of a specific floor of a plot whether vacant or built up
• If a constructed floor is transferred, apportioned cost of plot as well as that of construction of that floor as per the collector rate shall be combined for the purpose of levy of stamp duty and registration fee