In a major pro-people move, the Punjab Government on Thursday waived off total registration fee charged for transfer of property between spouses and blood relations in urban and rural areas with immediate effect, giving a big relief to thousands of such beneficiaries.
In a special gesture to encourage families to legally transfer property between blood relations and spouses, including son, daughter, father, mother, brother, sister, grandson and grand-daughter, the Punjab Government has also decided to waive off social security fund, social infrastructure cess and stamp duty on such transfers. A notification to this effect was issued on Thursday.
“The decision is in line with the Government’s desire to encourage people to go in for legal registration of property rather than adopting ultra vires measures which only increased intra-family disputes,” said the State Revenue Minister Bikram Singh Majithia.
Majithia said that this decision fulfils long-pending promise of the SAD-BJP Government regarding zero transfer fees on such transfers. “I have been working from last three years to simplify revenue acts, reduce legal disputes besides encouraging people to adopt legal rather that extra constitutional means to give closure to the family transfers,” he said.
He said that people were avoiding legal transfer of properties between blood relation due to registration fee and stamp fee that was leading to disputes in the family.
“I am happy that this zero fee transfer of property has been approved by special efforts of Chief Minister, who took care to follow up this issue at every level clearing all legal hurdles leading to its fructification,” he said.