IN A major relief to owners of dwelling units, Chandigarh Housing Board (CHB) has amended general power of attorney (GPA) transfer policy to regularise transactions executed on GPA before October, 2011.
There are nearly 64,000 CHB dwelling units spread across 15 sectors in the city, including Sectors 38 (West), 29, 41 40, 44, 43, 45,47 and Modern Housing Complex.
At present, under the GPA transfer policy if there is more than one agreement to sell in a chain of transactions, the proper linkage from the allottee up to the applicant (purchaser) is required. However, proper linkage can not be established in many cases.
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In several cases, it has been observed that the allottees have sold their properties by executing GPA, special power of attorney (SPA) and agreement to sell in favour of different persons, who further sold the properties on GPA. The second agreement to sell was not executed by the first purchaser. As per legal requirement, the second agreement must be executed by the person who has agreement to sell executed by the original allottee in his/her favour.
On demand of the general public, the board has decided to regularise such cases subject to the fulfilment of certain conditions.
CHB chairman Maninder Singh said in addition to the other formalities of the GPA policy, the applicant has to give a surety for the transfer. The applicant will have to pay five per cent additional transfer fee in such cases. The board will allow transfer with a condition that if any sort of objection regarding the transfer is received, the transfer shall be cancelled.
Welcoming the decision, CHB Resident Federation secretary Rajat Malhotra said they have been demanding for the same from some time now. “The residents will benefit from the move,” he said.Physical presence not always required
For the convenience of applicants, board has decided that the physical presence of an applicant/allottee is not required for the purpose of submission of documents and deposit of fees/charges etc. The applicants can submit the documents and fee by post.
However, in cases where physical presence is required and the applicant/allottee is not appearing in person, the department will accept the documents with noting on the application stating the time frame within which the applicant/allottee would need to appear before the office.