Property sale through GPA may get govt nod
2 July 2013 10:46 PM GMT
The Delhi government is expected to allow property sale and purchase through general power of attorney (GPA) soon. A circular finalised by the revenue department is likely to be placed before the Cabinet meeting on Wednesday. According to sources, registered holders of power of attorney are competent to execute further deed of transfer by any authorised mode like sale, gift, conveyance, subject to terms and conditions of the power of attorney.
The move will benefit lakhs of people, especially those living in cooperative housing societies, unauthorised colonies and Delhi Development Authority flats. On May 5,2013, the Delhi high court had struck down a circular of the state government, restricting property transaction through GPA in the capital. The circular issued last year by the department which directed all registrars and sub-registrars to not register any sale-deed for an immovable property based on a GPA,will or agreement to sell.
On Wednesday, a Delhi Cabinet meeting is also expected to take up the proposal to bring more economically deprived people under the Dilli Annshree Yojna.
Under the revised guidelines, anyone with an income of less than a lakh per annum, who has not been getting ration under the public distribution scheme and has been a resident of Delhi for the past three years, will be eligible to get a cash for food subsidy of Rs 600 per month.
The move will benefit lakhs of people, especially those living in cooperative housing societies, unauthorised colonies and Delhi Development Authority flats. On May 5,2013, the Delhi high court had struck down a circular of the state government, restricting property transaction through GPA in the capital. The circular issued last year by the department which directed all registrars and sub-registrars to not register any sale-deed for an immovable property based on a GPA,will or agreement to sell.
On Wednesday, a Delhi Cabinet meeting is also expected to take up the proposal to bring more economically deprived people under the Dilli Annshree Yojna.
Under the revised guidelines, anyone with an income of less than a lakh per annum, who has not been getting ration under the public distribution scheme and has been a resident of Delhi for the past three years, will be eligible to get a cash for food subsidy of Rs 600 per month.
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