The Punjab government today announced a golden opportunity to all those allottees of immoveable properties (plots/houses etc) by the government or a public sector undertaking or local bodies to get their first conveyance deeds registered at rates mentioned in their allotment letters. It may be mentioned here that earlier allottees were required to get conveyance deed executed on collector rate that was linked to present market rate of property and this decision of Punjab government to register deeds on allotment rate would benefit a large number of allottees to the tune of crores.
Disclosing this, Mr. Bikram Singh Majithia , Revenue Minister said that after considering the demand of allotees a decision was taken by Punjab CM Mr. Parkash Sigh Badal and on his directions required notification in this regard has been issued by the state Revenue department. He said that this benefit was being extended at the time of execution of first conveyance deed of such property to all those allottees, who have taken the possession of their properties after depositing their all installments. He clarified that this concession has been extended for only two months i.e between April 8 to June 7, 2015. He categorically said that there would be no extension in this regard. He urged all such allotees to get registered first conveyance deed of their properties.