Wednesday, June 23, 2010

Deemed Conveyance




«     Collection of Documents
Collect the relevant documents such as society registration certificate, Property card or 7/12 Extracts, Building Approval plan, Copies of Agreement for sale of flat purchasers, registration receipts, proof of payment of stamp duty, non Agricultural Order, ULC Order, Search Report, Layout Plan, City Survey Map, Architect Certificate about the utilization of FSI and the proportionate land entitlement Occupation Certificates, draft Conveyance Deed etc.

«     Steps required to be taken when document are not available
It is possible that some of the above documents may not be available with builder/promoter or he would not like to part with the same with to you.

As an Office bearer, you may collect some documents as the agreement for sale executed by the builder with each flat/shop purchaser.

Some documents can be collected form flat/shop purchasers who had taken all these documents form the builder to avail Housing Loan Form Financial Institutions/Banks and the same may be Collected form the financial institution/Bank with the help of each member.

The public document mentioned above can be collected form the respective departments. Even if one does not receive the documents form departments, a letter seeking copies of these documents should be written to the builders/landlord and respective government Departments.

This letter may mention the status of the society registration as well as the purpose for which the document is required – viz, to obtain conveyance of the land and buildings in Favour of the society.

«     Information to various authorities
Once the society is registered or thereafter at least once in a year, a letter should be addressed to the following authorities for not giving the conveyance of land and building and also not to allow transfer of TDR or use of additional FSI the said plot of land
O      Planning authorities like Municipality, CIDCO Tahsildar
O      Collector of the area
O      N.A. Department
O      U.L.C. department
O      Revenue department
O      Builders and all the partners
O      Sub-Registrar
O      Police Station
O      Builders Association and
O      Estate Agents Association

3 comments:

  1. Thanks for sharing the steps on how conveyance personnel work on processing your papers and documents.

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  2. if suppose a builder has 2 flats in a society of 10 flats and kept a terrace flat on 6th floor for himslef leaving a common terrace for the society members on the 7th floor ...can he mention his properties and parkings kept for himself in the deed of conveyance to the society???

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  3. Will the 7/12 extract need to be updated with legal heirs to facilitate conveyance if the owner of the land has deceased and the society has not completed the conveyance for over 20 years.
    The 7/12 extract is on owner of the land who is now deceased. The builder was given POA for completing conveyance which is now invalid by death of the landlord.

    To now complete conveyance can the legal heirs complete the conveyance on behalf of the deceased land owner or the 7/12 extract has to updated to reflect legal heirs on it then onlt it can be done...

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