The Ministry of Housing and Public Works has introduced a seven-point guideline to simplify public services, enhance efficiency, and reduce corruption in property transactions.
According to a press release issued on Monday, the new rules eliminate the need for prior approval from leasing authorities for purchase, donation, gift, mutation, transfer, power of attorney, or loan-related transactions involving residential plots and flats.
Under the updated procedure, buyers must deposit a fee with the relevant authority through the sub-registry office at a rate of two percent of the deed value when transferring land along with developed flats or buildings, and 3 percent for the transfer of land or plots alone.
To prevent disputes over ownership and ensure accurate record-keeping, purchasers or deed recipients are now required to submit a certified copy of the executed deed and relevant mutation documents to the lessor organization within 90 days of the transaction. This applies to both plots and flats.
The ministry has also issued additional measures to ensure smoother service delivery across its subordinate offices, aiming to make administrative procedures more transparent and accessible to the public.
