Can We Sell a YEIDA Plot?
Yes, you can sell a YEIDA plot under certain conditions. The process of YEIDA Plots selling a plot allotted by the Yamuna Expressway Industrial Development Authority (YEIDA) involves several steps and considerations, which I will outline below.
1. Understanding Plot Status
Before proceeding with the sale, it is essential to understand whether your plot is registered or unregistered:
Registered Plots: A plot is considered registered once the lease deed has been executed and the registry process is completed. These plots have full legal recognition.
Unregistered Plots: These are plots for which registration has not yet taken place. YEIDA Plots Resale However, even unregistered plots can be sold under specific conditions.
2. Conditions for Resale
To sell a YEIDA plot, you must meet certain criteria:
Lease Deed Completion: If you have completed the lease deed for your plot, you are allowed to sell it.
Possession Status: You can sell your plot even if possession has not been granted yet. This means that ownership can be transferred without having received physical possession of the property.
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 Yeida Plots Resale Price sell and paying applicable transfer charges:
Transfer Charges: As per recent data, transfer charges are typically calculated as 5% of the current allotment rate plus 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 charges1.
4. Documentation Required
When selling a YEIDA plot, specific documents are necessary to Yamuna Authority Plots Resale facilitate the transaction:
Original allotment letter
All payment challans
PAN card and Aadhaar card of both buyer and seller
A registered agreement to sell on stamp paper (typically around 2%)
Any other documents as prescribed by YEIDA2.
5. Legal Considerations
It is advisable to consult with legal Yamuna Expressway Plots professionals or customer care at YEIDA for accurate details regarding documentation and compliance with local regulations before proceeding with a resale3.
Yamuna Authority Plots
Yamuna Authority Plots you can sell a YEIDA plot if you have completed the lease deed, regardless of whether it is registered or unregistered, provided that all necessary documentation and procedures are followed correctly.