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Freehold is a way to clear the title of
ownership of the property. It enhances the value of
the property. It grants the conveyance deed to the
owner as a final document. A property can be
converted into freehold status from the concerned
authority such as DDA, L&DO etc.
CONCERNED AUTHORITY
Concerned
authority means and refers to the authority under
which the colony/ area of property lies. There are
several authorities such as DDA, L&DO which provide
the scheme of freehold. The procedure of freehold is
almost same in all the departments with minor
variations.
PROCEDURE
STEP 1
SUBMIT DOCUMENTS
The first
step in freehold is submission of documents in the
office of the concerned authority. This requires the
application form itself with several documents and
conversion charges. Some of other documents are
attested photocopy of allotment letter, possession
letter, perpetual lease, identity card, indemnity
bond, affidavit, undertaking etc.
REMOVE DEFICIENCY
Once the
documents are submitted in the concerned authority,
they are scrutinized by the department in various
channels. The deficiency, if any, is reported to the
applicant through post. This deficiency is to be
fulfilled by the applicant. Some of general
deficiencies are dues of ground rent, maintenance
charges, mismatch of signatures, unclear photocopies
or photocopy without back side of the stamp paper,
blank columns of witnesses etc.
Once the deficiency(ies) is/are removed, the
authority again starts channel of checking the
documents and any further deficiency, if any, is
informed to the applicant. This cycle continues
until all the deficiencies are removed.
CONVEYANCE DEED
After
removal of all the deficiencies, the authority
issues four copies of conveyance deed.
STEP 2 -
STAMPING
Stamp
Duty is a payment to the government for the
transaction which is taking place. This transaction
(here) is conveyance of the property from the
authority to the owner of the property (original
allottee or GPA holder). This duty is paid to the
collector of stamps. Submit the file in Collector of
Stamps Office and receive the Challan titled tr 6.
Deposit Payment as
mentioned in tr 6 either by Cash or by Cheque/ Pay
Order/ Demand Draft.. If the amount is more than Rs.
50,000/-, it is necessary to enclose copy of PAN
card or Form 60 together with any other identity
card such as Voter ID, Passport etc.
After depositing
payment, get the date of receiving file from
Collector. On the due date, collect the file from
the collector of stamps and check whether it has
been properly stamped on every page of the
conveyance deed
STEP 3
REGIStrATION
Registration (here Conveyance Deed/Perpetual Lease/Supplementry
Lease Deed Only) is the process of presentation of
party to the document physically in the office of
the Sub-Registrar.
Fill the form of the sub
registrar. Submit the form along with two copies of
conveyance deeds with two full scape papers. Get
receipt of registration. On the date specified in
the receipt, collect the document from the
Sub-Registrar Office.
CONGRATULATIONS
!!!....
Now, you have the
ownership title of the property.
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