Mann government ended years of fear by giving legal ownership to lakhs of houses of cooperative societies.

Chandigarh: The Punjab government has given big relief to the people living in cooperative housing societies. Now their homes will be legally safe. For years people were living in houses without registration. Due to this there was difficulty in selling and taking loan from the bank. Many times there were disputes also. The government has now decided to end this problem. People will now be able to register their houses easily.

Did the original allottees get relief from stamp duty?

The government has decided that those who got a house or plot for the first time. They will not have to pay stamp duty. They will have to pay only nominal registration fees. This will benefit the poor and middle class. Many people were not able to register because of money. Now their burden will be less. The government wants every original owner to be protected.

Will family members also get this benefit?

This exemption is not limited to the original owner only. If the owner is dead. So his wife and children can also take advantage of this. Legal heirs are also included in this. The government does not want any family to face problems. This will prevent anyone else from claiming the house. The family will be able to live in peace.

Is there a bargain for buyers too?

People who have bought these houses from someone else. The government has opened a cheap route for them also. Stamp duty has been greatly reduced for a limited period. By the end of January it is one percent. It will be two percent in February and three percent in March. With this people will get registered quickly. The government wants more and more people to come forward.

Will the society no longer be able to charge arbitrary fees?

The government has also banned the transfer fees of societies. Now they will not be able to collect money as per their wish. A legal limit has been set for this. This will stop exploitation of common people. Earlier many societies used to ask for more money. Now that would be wrong. People will get clear and correct rules.

Will this reduce fights and court cases?

When the houses will be legally registered. Then fights will automatically reduce. People will be able to prove their rights with any paper. With this there will be no need to go to court. Loan will also be easily available from the bank. The government believes that this will bring peace. People’s confidence will also increase.

Is the government asking people to take advantage of this opportunity?

Chief Minister Bhagwant Mann has appealed to the people to take advantage of this opportunity. Get your houses registered on time. This will secure their future. The government has given clear instructions to the officials. People should not wander anywhere. This step is to protect the rights of the common people. Punjab is now moving towards secured assets.