Hi,
As per Mahagun, offer for possession for Seina tower will be issued by the end of this month.
I would like the group to share details of points to be taken care while dealing with Mahagun during registry process.
This will really help the new folks taking possession from Mahagun and also safe guard their interests.
Thanks in Advance.
Thanks a ton. for your email gayanendra. :)
--- In mahagunmascot@yahoogroups.com, Vikram Laskar <vikram_laskar@...> wrote:
>
> Hi GD,
> Â
> Thanks for summarising everything. It will be very useful for all of us.
> Â
> Yes, I have also heard about that after I received the offer of possesion.
> You have to pay the amount of Rs.10,100/- as registration fees, that too by cash.
> Earlier I thought that it was a bribe, but later I came to know that they will provide a receipt. Don't know the amount that will be mentioned in the receipt.
> Â
> You also have to provide a draft for 'stamp duty'.
> In my case, I have made a draft of amount which is 7% of (Point 1 to 7).
> If you are true, then I have paid some extra amount as stamp duty to the authorities.
> How to get that back ??
>
> You also have to buy some Rs.100/- stamp papers yourself. Don;t know why they can;t purchase those stamp papers in our name, since they are already charging 12,000/- from us.
> Yes, You can bypass them and go directly for registration without paying 12,000/-.
> Some risks are involved in this case.
> Â
> For joint ownership (male - primary & female - coallottee), your stamp duty will be 7% and you have to pay Rs.10,100/- for single receipt;
> and 20,200/- for 2 receipts, in that case you can reduce the stamp duty rate to 6% for half of the basic amount.
> Â
> Others, please correct me, if i am wrong.
> Â
> Regards
> Vikram
>
> --- On Mon, 19/9/11, dwivedi_gm <gyanendra.dwivedi@...> wrote:
>
>
> From: dwivedi_gm <gyanendra.dwivedi@...>
> Subject: [mahagunmascot] Details regarding registry
> To: mahagunmascot@yahoogroups.com
> Date: Monday, 19 September, 2011, 10:30
>
>
> Â
>
>
>
>
> Guys,
>
>
> For the benefit of all our community member's, below is the complete analysis of the charges related to registry [with reference to my case]
>
>
> Charges may appear in possession letter:
>
>
> 1) IFMS Charges @ 25 per SQFT: It is being charged without any tax.
> 2) Meter Charges: 12500 + 10.3% Tax
> 3) Legal/Admin Charges: 12000 + 10.3% Tax
> 4) Any other due
> 5) Interest on late payment
>
>
> Apart from these, you need to pay Court Fee of amount INR 10,200 in cash. This is new to me. Those who have already done registry, please put a light on this. Is it any kind of bribe? Will this amount vary in case of joint registry?
>
>
> Registry amount is calculated as below:
>
>
> 1) 8% : Male Holder
> 2) 7% : Joint Holder
> 3) 7% less 10K : Female Holder
>
>
> Component included into registry (In possession letter)
>
>
> 1) Basic Cost : This include basic rate + PLC
> 2) EDC
> 3) FFC
> 4) Legal and Admin charges
> 5) Meter Charges
> 6) Club Membership
> 7) Parking
> 8) Extra power backup etc...
>
>
> I checked with 2-3 lawyers in Ghaziabad Tehsil (who specifically do registry of properties), and according to them registry of a flat is always done on Basic cost (including PLC) + Parking charges.
> So, no doubt adding item no 2, 3, 4, 5, 6, and 8 above does not make sense.Â
>
>
> Otherwise also, these amount does not corresponds to 'Ownership' Â of a 'Property'. So, I was also very clear from the day 1, about Registry includes only Basic cost+ Parking.
>
>
> Now, coming on to difference in registry amount due to difference in the component included.
> For my case, the difference in registry amount is approx 17,000. i.e. If I go with an independent lawyer, I may gain 17,000 as saving. But below  are the risk:
>
>
> 1) The lawyer indicated towards bribing Govt official in order to smooth processing on time. I anticipated this amount around 10,000; in which case the saving reduces to 7,000 only.
> 2) I heard that the text on stamp paper may have certain clauses specific to Mahagun as a seller. I am not very sure on this. But, if this is the case, you need to be fully sure that the stamp paper include all terms mandatory as per Mahagun. In case of failure, it may result to more trouble.
> 3) In case of any issue with registry arising later, an independent lawyer may not be available to help. While, we can always catch Mahagun for the same.
>
>
> My Conclusion:
> After going through all this, I have decide to go with Mahagun to have peace of mind. Also, I think the gain is not significant.
>
>
> PS: Please add your experience too for the benefit of community members.
>
>
> -GD
>
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