Builders Charging High Registry Fee on Govt. Radar: DTCP Haryana
Builders Charging High Registry Fee: The exorbitant administrative charges levied on homebuyers by developers at the time of executing conveyance deed (registry) is under the scanner of Department of Town and Country Planning (DTCP) Haryana.
Some of the builders charging high registry fee from the buyers 1-1.5% of the total cost of an unit as administrative fees. For flats of rs 1 crore, developers ask buyers to pay Rs 1-1.5 Lakh, which in addition to the 5-7% stamp duty paid by buyers for execution of conveyance deed.
“Across Haryana, the maximum fee for registration is around Rs 15,000. Any excess amount can’t be justified,” said a district administration official.
After repeated complaints by homebuyers about unrealistic administrative charges, the Deputy Commissioner (DC) has now directed the district town planner to investigate the matter. Issues related to high administrative charges were also raised in the Allottee Grievance Redressal Forum (AGRF) in October.
Collection of administrative charges by developers, and that too at the rate of 1-1.5% of the apartment’s cost, was unreasonable and on the higher side. Questions were also raised about the practice of registering apartments only through the office of the developer.
Gurgaon District Town Planner (DTP) is now looking into the issue of high administrative charges levied by developers. He had a meeting with prominent developers in the city over this issue and directed them to submit a detailed breakup of charges being levied on buyers, so that these can be studied.
Buyers had bought flats from the builder and it’s their responsibility to execute the conveyance deed (registry). Buyers have already paid the price of the unit and will also pay stamp duty (additionally stamp duty paid by buyers to government is 5-7% of the apartment cost). So there should be no need to pay these huge additional fees.
Source Link- https://timesofindia.indiatimes.com/city/gurgaon/builders-who-charge-high-registry-fee-on-government-radar/articleshow/61811815.cms