Is there any need for master plan for a new registry of a resale flat where it is already registred
Sanjay
(Querist) 01 May 2015
This query is : Resolved
Hello Sir,
I need some important information from you. I am going to buy a resale flat in Apartments (G+2 concept). First floor is mine. All other flat owners in the society are staying there on the basic of allotment letter But the flat which I am going to purchase is a registry case. Owner has a registry for this. And he had mortgage his flat to HDFC bank and now it is free from there. No body in the Society has a copy of master plan. But Bank is saying that there will be no problem of new registry because this is approved property by us (Bank). and the owner has registry so it means the master plan was also approved. Now Agreement to sell has been done. Registry will be on next week. Is there any requirement of the master plan still? or will revenue inspector asked for this?
Everybody including bank and other document writer's are saying there is no need of it because the owner has registry with him and new registry will be done on the basis of old registry.Please resolve my issue with your perfect answers. Waiting.......Eagerly.........
Kumar Doab
(Expert) 02 May 2015
M/s HDFC Bank a private bank can finance even if Master Plan is not available........
For you it is imp. that there is no illegality and hence may ask for the copy of master plan from seller, M/s HDFC bank that had earlier also financed the flat...
Sanjay
(Querist) 02 May 2015
Waiting for the experts advice............
Sanjay
(Querist) 02 May 2015
Thanks for the reply sir. But your first statement is wrong. Now a days each and every bank does not provide home loan if your house plan is not approved. This is the first demand of each private and govt banks. The seller has the registry and we need to get a new registry on the basis of this. I had a talk with many persons who had performed their registration recently and they said revenue inspector don't ask for this. He just need new registry if this is for a new flat and if this is for old then both registry copies.
Builder is no more and no body in the society has a copy of the master plan. They all are staying there on the basis of allotment letter.
Byana has been performed. Loan has been sanctioned. At present seller has following docs with him:
1. Registry copy
2. Allotment letter
3. Jamabandi/13 year of record history
4. NEC (nil encumbrance certificate)
I am still confused........
ADV-JEEVAN PATIL, MUMBAI
(Expert) 03 May 2015
Pl. ignore mu above reply.
Regardless of new flat or resale flat, it is in ur interest to register it.
Sanjay
(Querist) 04 May 2015
Hello Jeevan,
Yes I am going to register it soon. That's why I had the doubt. so on the basis of below documents, can i register the said flat :
1. Registry copy
2. Allotment letter
3. Jamabandi/13 year of record history
4. NEC (nil encumbrance certificate)
Kumar Doab
(Expert) 05 May 2015
If M/s HDFC bank has obtained the master plan during first finance then it will have it and should not hesitate to confirm and share.
If the master plan is required for first registry then the SRO office would have it and a copy can be obtained.
All said and done it is your money and your liability to do the due diligence.
If the reply is wrong ignore it and go ahead with the right approach.
Sanjay
(Querist) 12 May 2015
HDFC is saying they had approved the master plan in 2004-5. they need to search it out from their record and it will take time.
They are saying we approved this property because MC had also approved it. it means we can obtain a copy of it from their too. I am trying to get that. But it will too take time. so on the basis of below docs, can i go for registry without paying any under the table amount.
1. Registry copy
2. Allotment letter
3. Jamabandi/13 year of record history
4. NEC (nil encumbrance certificate)
5. Fard (latest)
Kumar Doab
(Expert) 12 May 2015
LAST REPLY:
M/s HDFC is no one to approve the master plan.
The master plan is approved by the authority under whose jurisdiction the locality falls e.g. MC....
M/s HDFC may find the copy from anywhere. AT the most they may collect some charges to retrieve the scanned copy from their or their third party source.....
You should obtain the certified copy from authority e.g. MC.....by paying the requisite fee and keeping copy of receipt/application...........
Rest is upto you.
Sanjay
(Querist) 12 May 2015
Thanks for the reply sir.
