The Ministry of Housing and Urban Affairs has asked the revenue department of the Delhi government to not register any Land and Development Office (L&DO) property until it receives a No Objection Certificate (NOC) from the department. as most of the properties here fall under the L&DO and are leasehold.
Buyers of L&DO properties are required to pay conversion charges and property tax. However, since, in many cases, these charges were not being paid, the ministry had to intervene.
“No L&DO property- leasehold/freehold shall be registered by sub-registrars without obtaining the NOC from L&DO as these may be under prohibitory list, re-entered property or being the ones under litigation,” shares Rajeev Kumar Das, Officer, Deputy Land and Development.
According to the letter to the revenue department of the Delhi government, there are over 57,000 residential, approximately 1,600 commercial, 1,430 institutional and 110 industrial units under the jurisdiction of the department in Delhi.
The municipal corporation’s plan to increase property transfer fees w.e.f July 1, 2022, will deter high-value transactions, severely impacting the revenue collection for the State government.