Faridabad goes vertical

The Times of India

The Haryana government has decided to allow floor-wise registration of the houses falling under municipal limits, HUDA sectors and Town and Country Planning licenced areas. Besides making people in Gurgaon, Faridabad and Panchkula the legal owners of their part of the house, the move will also help the state earn a revenue of around Rs 200 crore annually as stamp duty.

It would be applicable only to the residential units in authorized areas and vertical divisions of plots and increase in floor area ratio (FAR) would not be allowed. In the existing sectors/areas the size of plots on which construction/floors are proposed to be registered independently would not be less than 180 square yards, he added.

State finance minister Birender Singh said that in addition to the normal stamp duty, 1% extra stamp duty would have to be paid by the party desirous of registering the floor-wise dwelling units through a separate challan. This 1% stamp duty would be paid by the treasury to the municipal committee/HUDA depending on where the property in question is located, for defraying the costs of additional external development that the municipal body/HUDA would have to incur due to the pressures on civic amenities that would rise.

The minister said registration of floors could also be done in case of plots which are yet to be constructed and there would be no restriction on the size of plots that could have multiple owners floor-wise. For new sectors, HUDA could devise rules and licence fees keeping in view this decision. Singh directed to expeditiously carry out any changes required in the existing rules and regulations of HUDA and Town and Country Planning Department to make the decision legal.