Property Card rule will come into effect from April 1
No transaction in property will be allowed without the card in Mysore city and 42 villages coming under the jurisdiction of the Mysore Urban Development Authority (MUDA) and the Mysore City Corporation (MCC) limits
Purchase and sale of property in Mysore will require a Property Card. The Property Card rule will come into effect from April 1, 2011. The Property Card or Form 13 will be issued under the ongoing Urban Property Ownership Records (UPOR) project that is being implemented in Mysore, Hubli-Dharwad, Mangalore, Bellary and Shimoga on a pilot basis. In all, 2.7 lakh property are being surveyed and their owners should submit all relevant documents including the sale deed, khatha, property tax receipts etc. as proof of ownership.
No transaction in property will be allowed without the card in Mysore city and 42 villages coming under the jurisdiction of the Mysore Urban Development Authority (MUDA) and the Mysore City Corporation (MCC) limits spread over 180 sq. km. Nanjangud, though under MUDA jurisdiction, has been excluded from this for the present.
In case the documents have been pledged and the property mortgaged for loan, copies of relevant documents along with a certificate from the lending financial institution testifying that the original documents have been pledged, should be submitted.
The authorities will instruct the Sub-Registrars in Mysore not to register a property in case the card or Form 13 is not produced. The Government is contemplating to issue a G.O. making the card mandatory for all registrations, land-related transactions and home loans. The sub-registrars have to ensure that the card is produced by the citizens for registration of property.
However, officials have clarified that the embargo on transactions without Form 13 will not be introduced across the city at once but in a phase-wise manner as the UPOR project has to survey and cover nearly 2.75 lakh property in Mysore.
Prospective buyers will be assured of genuineness of the property offered for sale and all encumbrances are systematically recorded. This will promote trust in transactions and security of property title and will improve investment options for the citizens. The urban local bodies will have a comprehensive database of all properties in their cities. The project will create a comprehensive database of all properties in the respective cities.
Source: Hindu, Times of India
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