Government Implements One-Time Transfer Fee for Housing Board Developments: Relief in Development and Documentation Fees

The decision to provide relief in transfer fee, conveyance charge, and unauthorized construction fee for homes built in the state by the Gujarat Housing Board and Slum Clearance Cell was discussed in a high-level meeting chaired by Chief Minister Bhupendra Patel. It was decided by the government to provide relief to homeowners in the amount of transfer fee, conveyance charge, and unauthorized construction fee collected by the Gujarat Housing Board. Now, homeowners will only pay the transfer fee once and also pay the late fee only once.

Transfer Fee to be Collected One Time Based on Power of Attorney

Under the guidance of Bhupendra Patel, an extensive presentation was made by the Gujarat Housing Board to review the current situation in this meeting. Subsequently, it was decided that after the original beneficiaries of the transfer fee in housing board homes, the transfer fee for each subsequent transfer will be collected one time based on the Power of Attorney.

Usage Fee to be Fixed Based on Jantri Rate

For flat-type houses, the usage fee for unauthorized construction is currently collected based on the jantri rate. As a result, homeowners were unable to afford this fee. Bhupendra Patel has now decided to adopt a generous approach by fixing the usage fee based on the jantri rate, meaning the usage fee for unauthorized construction up to 25 square meters will now be Rs. 10,000 for EWS, Rs. 20,000 for LIG, Rs. 30,000 for MIG, and Rs. 30,000 for HIG.

Late Fee to be Charged in Documents One Time

Bhupendra Patel has decided to levy a late charge of Rs. 1,000 per year in place of the delayed charges for documents that are delayed after payment of 100% of the house rent or Rs. 2,000 for EWS, Rs. 4,000 for LIG, Rs. 6,000 for MIG, and Rs. 10,000 for HIG.

Decisions for the Welfare of Housing Beneficiaries

Bhupendra Patel has taken decisions in the larger interest of housing beneficiaries through Gujarat Housing Board’s plans, making it easier for them to pay fees with financial relief. These decisions will ease the process of redevelopment of old and dilapidated houses due to the ease of processing. This meeting, chaired by Bhupendra Patel, was attended by Pankaj Joshi, the Chief Secretary to the Chief Minister, Ashwini Kumar, the Principal Secretary for Urban Development, Sandeep Vasa, the Housing Commissioner, and R.J. Gohil, the Secretary.

Every Hard Work Pays Off: Members of the Federation

Active member of the Housing Apartment Development Federation, Sandeep Trivedi, stated that there had been a consistent demand for a special relief package for documentation for the last two years from the Housing Apartment Development Federation. Other groups or members will also make efforts in this regard. Every hard work pays off, and everyone has been successful. The people-friendly government of Gujarat has announced a definite deadline for the announcement of the relief package for housing residents. Every beneficiary will get definite benefits and exercise ownership rights by providing documents. This is the latest update. If housing residents express dissatisfaction, then perhaps there will be stricter decisions in the future. The decision of the Gujarat government on this relief package and its success will be crucial in the method and pace of redevelopment and development. We will increase this relief package for the entire housing board of Gujarat, congratulate all the residents, and express our heartfelt thanks to the government.

‘Thanks for Public Decisions’

This subject was discussed several times at the Housing Board Office, Urban Development and Urban Housing Department, Chief Minister’s Office, and Chief Minister’s Additional Secretary in Gandhinagar. Today, every housing resident also expresses gratitude. We thank Chief Minister Bhupendra Patel Sahib for the public decision.

Yesterday, the Bill for Cooperative Societies was approved

Transfer fees are recovered from those who buy new houses through cooperative societies. Currently, there is no fixed rule in the law on how much transfer fee can be recovered. However, in a short time, it will be clarified how much more transfer fee can be recovered through societies. The government had given power to amend the bill with improved amendments to recover the transfer fee related rules yesterday.

State Government Will Decide in 6 Months

In the state legislature, the Cooperative Housing Societies of the state, along with all the 87 thousand cooperative societies of Gujarat, are covered by the Gujarat Cooperative Societies Act-1961. This bill has been passed by Cooperative Minister Jagdish Panchal with the approval of all. This bill will affect 30 thousand housing societies in Gujarat because those who buy houses in housing societies have to pay transfer fees to the society. There were no parameters to verify this transfer fee, which will now be decided by the state government in the next 6 months, and based on this, housing societies will now be able to confirm the transfer fee.

1.71 Crore Members in Cooperative Societies

Out of the cooperative societies, there are 30 thousand housing societies. There are 214 Urban Cooperative Banks in the state, 10 thousand or more Primary Agriculture Credit Societies (PACS), more than 6 thousand credit societies, and more than 16 thousand milk societies.

The Government Will Decide Who Will Get Loans First

Apart from housing societies, cooperative societies will have to keep sinking funds. Any cooperative society used to decide who would take loans first when going bankrupt. Now the government will decide this until further notice. The state government will also decide the tenure of these societies.

Akash Shrivastav

My name is Akash Shrivastav, and I am a Blogger. I have 8 years of experience in blogging for Finance, Business, Investment, Stock Market, Cryptocurreny and more. Through my writing, I aim to provide readers with insightful and informative content.