Original sub-lessees/allottees would be entitled to remissions in the
conversion charges as specified in Annexure-"A".
| 3. |
Conversion would be allowed only when the residential building on
the plot has been constructed and completion cerfificate/'D' form
for the building has been obtained. In the case of land allotted to
Co-operative housing societies, conversion for individual flats would
be permitted after completion certificate/'D' form has been obtained
by the society and possession of flats given to the members. |
| 4. |
The application for conversion shall not be entertained unless accompanied
by prescribed documents. |
| 5. |
The arrears of ground rent alongwith interest @ 10% per annum wherever
applicable would have to be paid by the applicant before conversion
can be permitted. In cases where revision of ground rent has become
due, the revised amount of rent will be notified to the lessee for
depositing the amount before the execution of the conveyance deed. |
| 6. |
The conversion shall be applicable only for properties which are
on land for which the land use prescribed in the lease deed/sub-lease
deed/allotment letter is residential |
| 7. |
In cases of mortgaged properties, conversion would be allowed only
on submission of 'No Objection Certificates(s)' from all the mortgagee.
If the property has been mortage more than once.'No Objection Certificates'
from all the mortgagees are required to be submitted. In case of flats
allotted by a Co-op Group Housing Society, it would be essential to
produce 'No Objection Certificates' from the institution with which
the property has been mortgarged by the society. |
| 8. |
In cases where lease deeds/conveyance deeds have not been signed,
conversion will be allowed provided that the non-execution of the
lease deed has been on account of administrative reasons and not because
of certain defaults on the part of the allottees. However in such
cases the stamp duty would be payable on the amount of conversion
charges and the surcharge wherever applicable as well as the price/premium
of the property. |
| 9. |
In case of any legal dispute relating to title of the propety, conversion
shall not be allowed until the legal dispute is settled. |
| 10. |
In case of re-entered properties conversion would be allowed only
when re-entry notice has been withdrawn and the lease/sublease/allotment
restored. |
| 11. |
In case of any dispute between the original lessee/sub-lessee/allottee
and Power of Attornery holder, application for grant of freehold rights
would be entertained only after the dispute is settled. |
| 12. |
In cases where applications for mutation or substitution are pending
with the lessor, conversion would be allowed only after the necessary
mutation/substitution has been carried out. |
| 13. |
The conversion shall also be allowed in the cases where lessee/sub-lessee/allottee
has parted with the possession of the property, provided that :
- Application for conversion is made by a person holding power
of attorney from lessee/sub-lessee/allottee to alienate (sell/transfer)
the property.
- Proof is given of possession of the property in favour of the
person in whose name conversion is being sought.
- Where there are successive power of attorneys, conversion will
be allowed after verifying the factum of possession provided that
the linkage of original lessee/sub-lessee allottee with the last
power of attorney is established and attested copies of power
of attorneys are submitted.
In such cases, a surcharge of 33-1/3% on the conversion fee would
be payable over and above the normal conversion charges applicable
for a regular lessee (no unearned increase will be recoverable).
|
| 14. |
In case of the DDA residential flats on hire-purchase basis, conversion
shall be allowed only after all the instalments have been paid with
interest, if any. |
| 15. |
The scheme of conversion is optional. |
| 16. |
The land rates for different areas have been given in Annexure'B'.
The localities for which land rates have not been given in
Annexure 'B' and rates of the adjoining/comparable locality
would be applicable.
- However, in the case of Co-operative house building societies,
the land rates of the localities specified in Annexure'B'
would be applicable.
- In respect of DDA flats, the conversion charges mentioned in
Annexure 'A' part (B) would be applicable. For the purpose
of ascertaining the zone of a particular DDA housing estate, first
the locality in which that particular estate is situated may be
determined, then the zone of the locality can be determined by
making a reference to Annexure
'C'.
- For flats constructed by Group Housing societies on land allotted
by DDA, the conversion rates would be as given in part (C) of
Annexure 'A'.
For Co-operative group housing flats upto 125 sq. mtrs. plinth
area, the conversion charges are based onzone wise flat rates.
The zone of Group Housing Society flats can be determined in the
manner as mentioned for DDA flats above.
- For CGHS flats of plinth area above 125 sq. mtrs. conversion
charges as prescribed for plinth area of 125 sq. mtrs. shall be
increased in proportion to the increase in plinth area of the
flat.
|
| 17. |
Model calculations of conversion charges, and surcharge have been
given in Annexure 'D' |
| 18. |
The requisite conversion charges, and surcharge as applicable alongwith
processing fee of Rs. 200/- are required to be deposited at the time
of submission of application form. |
| 19. |
Mode of remittance shall be preferably by cheque (subject to realization),
pay order, bank draft payable at Delhi. For amounts less than Rs.
20,000/-, cash will also be accepted. The amount of remittance has
to be rounded of to the nearest rupee. The payment is to be made
through the prescribed challan form which is a part of application
and is in quadruplicate. After depositing the application form and
the conversion charges, applicants must ensure to obtain an acknowledgement
from the bank together with a copy of the challan to serve as proof
of payment for their future reference.
The conversion charges, and surcharge wherever applicable can be
deposited either in lumpsum or in not more than five equated annual
instalments. (Annexure
"E" gives the formula for working out the amount payable by
way of first and subsequent instalments. The exact amount of the
equated annual instalments can be worked out accordingly depending
upon the payment plan chosen by the applianct).
|
| 20. |
The original lease deed should be produced at the time of execution
of the conveyance deed. The same will be cancelled and returned along
with the conveyance deed. |
| 21. |
If the original lease deed was lost, the lessee/applicant must issue
notice in a prominent news paper having circulation in the area where
the property is situated and also excute an affidavit before the Ist
Class Magistrate indicating there in how the original lease deed was
lost. A copy of the public notice published in the news-paper and
the origianl affidavit must be submitted at least 10 days before the
deate of execution of the conveyance deed. |
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