Noida builders who have been deliberately delaying the registry of flats are expected to be slapped by the Gangster Act. The delay in the registry is causing revenue losses to the government. Builders who have occupation certificates are being asked to speed up the process of registration. Over 120 builders have been sent notices regarding the same.
“We are checking on a case-to-case basis and will ask the police to slap the Gangster Act against builders who may be delaying deliberately. It is a complex issue as there are dues to be paid to authorities and penalties involved. We are preparing reports for all builders,” district magistrate BN Singh said.
Around 50,000 new units await registry, among which 42,000 are residential flats, whereas 8,000 are commercial units which have been provided with the occupation certificate but have not been registered yet.
“We had asked the authorities to inform all defaulting builders to start the registry. The authority has sent notices to 122 builders who will inform the buyers to start registering their properties,” additional inspector general (stamps and registration) S K Tripathy said. “The department is set to gain about Rs 700-800 crore in revenue if the pending flats are all registered timely under the Apartments Act 2010,” he added.
A matter of concern for the buyers is that the rate of the registry has been enhanced. Earlier, they had to pay 5% of the flat’s cost for stamps and 20,000 Rs as the registry fee, whereas now the buyers are expected to pay 5% for stamps and 1% for the registry.
People who have been waiting for the registry of their units for a long time are complaining about the rise in the registration fee, as the delay was deliberately caused by the builders. The additional cost is adding to their burden, some residents said.
“In these cases as well, we are talking to the builder as well as the buyers to see if a common ground can be reached. Some builders have also agreed to settle and pay the additional amount, or both parties have agreed to split the additional burden,” Tripathy said.