close
This ad will auto close in 10 seconds

Delhi govt reworking on bill on registration of properties

Delhi residents will have to wait a little longer to have a digitised and transparent mechanism for registration of properties as planned by the city government to replace the existing archaic system.



New Delhi: Delhi residents will have to
wait a little longer to have a digitised and transparent
mechanism for registration of properties as planned by the
city government to replace the existing archaic system.

The Delhi government, which had drafted a bill
modelled on the lines of the one existing in European
countries for property registration, has been asked by the
Centre to include certain provisions of the Land Titling Bill
prepared by it in the proposed legislation.

"We were asked by the Centre to examine the Land
Titling Bill 2010 prepared by the Union Rural Development
Ministry before finalising our bill," Chief Secretary Rakesh
Mehta said.

He said the Delhi Government will finalise the new
draft of the Delhi Urban Property Registration and Titling
Bill within a month. The Government had prepared the bill
after detailed discussions with experts and other stake
holders for the last three years.

The city government decided to introduce a new system
of property registration to prevent fraudulent transactions
under which an online database of all genuine properties will
be put in place to ensure transparency.

After clearance from the Centre, the bill will be
tabled in Delhi Assembly.

"Now we are reworking on it to adjust key features of
the central bill. The process will be completed within one
month," Mehta, who is the brain behind the scheme, said.

He said under the new system, the government plans to
issue unique identification number and title to genuine owners
of the properties.

The Land Titling Bill drafted by the Rural Development
Ministry also seeks to make the cumbersome and time-consuming
property registration system into a modern and progressive
mechanism.

Mehta said considering the potential of real estate
development in Delhi, it was strongly felt that an electronic
system of dealing with immovable properties should be
developed.

He said to ensure efficient administration, it was
necessary to have a single repository for maintenance of such
records and to avoid multiple authorities maintaining title
records.

The Chief Secretary also said the government plans to
set up a dispute resolution mechanism to ensure speedy
disposal of cases related to property disputes.

"The proposal will ensure creation of a single, secure,
electronic and efficient system. It will be made
mandatory to get titles for all the properties," he said.

He said the transparent recording system will reduce
litigations dramatically, value of property will go up and
larger mortgage finance will be available at competitive
interest rate.

PTI

From Zee News

0 Comment - Join the Discussions