WHEREAS the Governor thinks that there are lifelike grounds for doing so;
NOW, THEREFORE, in the workout of the strength conferred with the aid of clause (a) of sub-section 9 of the Indian Stamp Act, 1899 (2 of 1899) and sub-section (2) of part seventy-eight of the Registration Act, 1908 (sixteen of 1908), the Governor is thrilled hereby to remit the stamp responsibility and registration prices chargeable below the abovementioned Acts. on the quantity of difference, if any, between the price of development of the property of a Cooperative Housing Society in the State to be decided on the foundation of the audit file of the Cooperative Housing Society which includes the extra price incurred through the character individuals in the direction of interior works etc. as counselled via the registering authority concerned and the current market fee of the property as per evaluation made by using the registering authority for the motive of execution of the deed of conveyance/ switch of the property with the aid of the Cooperative Housing Society in favour of its contributors who bought or in any other case obtained their plots of land and constructed flats/ homes themselves thru the stated Cooperative Housing Society and now not through any promoter.
The Governor is additionally thrilled to figure out that the gain underneath this order would possibly be handy for the flats/ homes which have already been built via the Cooperative Housing Society on or earlier than 31. l 0.2019, if the registration of archives below the stated Act is accomplished on or earlier than 31 .10.2021.
For the flats/ homes which are built or to be built on a subsequent date i.e. after 31. l0.2019 via a Cooperative Housing Society as stated above, the gain beneath this order might also be reachable if the registration is achieved within twenty-four months from the date of completion of the construction work.
The advantage given below this order will no longer be relevant in case of the 2nd or subsequent transfer of the property by way of a member of any Cooperative Housing Society.
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