Can we resale a YEIDA Plot?

1. Understanding Plot Status

Registered vs. Unregistered Plots:

Yeida Plots Resale Price A plot is considered registered once the lease deed has been executed and the registry process is completed. Unregistered plots are those for which the registration has not yet taken place.

YEIDA Plot

Yamuna Expressway 300 mtr Plots Price According to the information available, all plots allotted in 2009 were initially unregistered but can be transferred even if they are unregistered.

2. Conditions for Resale

YEIDA Plots Resale If you have completed the lease deed for your plot, you are allowed to sell it. The resale process is facilitated by executing a registered agreement to sell, which requires payment of stamp duty (typically around 2%).

Yamuna Authority Plots For unregistered plots, the seller can still transfer ownership without completing the registration process first. This means that even if possession has not been granted, a sale can still occur.

3. Transfer Process

The transfer of ownership involves creating a registered agreement to sell and paying applicable transfer charges.
As per current regulations, transfers are open for residential plots in specific sectors (like Sector 18 & 20) under the YEIDA scheme.

4. Financial Implications

Transfer charges are typically calculated as a percentage of the current allotment rate (5% as per recent data), along with any additional taxes or fees that may apply.

For example, if the allotment rate is Rs. 17,500 per square meter, then transfer charges would be Rs. 832.50 per square meter plus other miscellaneous charges.

5. Legal Considerations

It is advisable to consult with legal professionals or customer care at YEIDA for accurate details regarding documentation and compliance with local regulations before proceeding with a resale.

YEIDA Plots Resale

YEIDA Plots Resale while there are specific conditions and processes involved in reselling a YEIDA plot, it is indeed possible to do so whether the plot is registered or unregistered as long as proper procedures are followed.