The Noida Authority has given relief to cooperative group housing flat owners who had failed to get their properties registered after purchasing stamp papers within the Supreme Court’s deadline of January 26, 2012.
The Authority has decided to exempt them from paying the penalty of Rs 100 per day for the period after the purchase of stamp papers.
Thousands of flat owners in cooperative societies failed to register their premises individually as per the current circle rates as ordered by the Supreme Court in July last year.
The decision taken by the Authority has come as a relief for all the flat owners as now they will not be charged any penalty. The Authority has given them three months to get their flats registered at the prevailing circle rates.
http://www.commonfloor.com/stories/noida-authority-exempts-flat-owners-from-paying-fine-26942