About 3,000 flat owners in Group Housing societies of Noida who have failed to register their properties may have to pay fine after January 25, 2012
The Supreme Court has set the deadline on January 25, 2012 for the flat owners in various group housing societies to get their property registered.
The flat owners argued, ''The societies had purchased the plot of land at their cost and after paying the stamp duties, the flats were developed and allotted to them, hence, sub-lease made no sense."
The Noida Authority & the UP Stamps and Registration Department said,'' The absence of sub-lease caused a tremendous loss of revenue to the government".
The Supreme Court has set the deadline on January 25, 2012 for the flat owners in various group housing societies to get their property registered.
The flat owners argued, ''The societies had purchased the plot of land at their cost and after paying the stamp duties, the flats were developed and allotted to them, hence, sub-lease made no sense."
The Noida Authority & the UP Stamps and Registration Department said,'' The absence of sub-lease caused a tremendous loss of revenue to the government".
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