Freehold Conversion of MCD Shops and Properties
1. The scheme covers the following properties.
- Grant of ownership rights to the certain category of licencees (rehabilitation properties only). The Scheme is purely optional.
- This scheme extends to all built up commercial and mixed land use properties allotted by the Department of Rehabilitation, Directorate of Estates, for which ownership rights have been conferred and lease deed executed and registered.
- All commercial units irrespective of area for which the allotment/perpetual lease is issued by the department of Rehabilitation or L&DO for residential purpose and building thereon is constructed and where completion certificate or at least D- form in respect of such construction is obtained from the Local Body.
- A and C type tenements allotted on leasehold basis by the Department of Rehabilitation or Land and Development Office subject to payment of conversion charges calculated based on the land rates prevailing on the date of submission of the conversion application (in the cases where complete conversion charges along with processing fee apart from damages as communicated, have been cleared).
2. One time charges payment for conversion from lease hold to freehold are set out in Annexure- ‘B’ read with Annexure ‘C’. These charges are to be paid in lump- sum.
Original Lessees are entitled for a 40% remission/rebate on conversion charges whereas others, who have come into possession by virtue of registered sale deed, are liable to pay Rs 3,000/- (Rupees three thousand only) per annum for non-intimation of sale and are also liable to pay unearned increase wherever applicable in addition to conversion charges..
3. Conversion would be allowed only with respect to the properties existing in markets transferred from DOE/L&DO.
4. The application for conversion shall not be entertained unless accompanied by prescribed document(s).
5. Those who have applied before will not be required to apply again. However, the date of initial application shall be the crucial date for calculation of Conversion Charges where the payment towards conversion charges has been accepted by the L&DO. In cases, the payment made towards conversion charges by way of cheque/demand draft has been returned on account of rejection of the application by L&DO on scrutiny, the relief is not applicable. Where the payment made has been returned on account of transfer of properties to the local bodies, the applicant/lessee shall be eligible for relief (only in the cases where complete conversion charges along with processing fee apart from damages as communicated, have been cleared).
6. The person/persons in whose name(s) appear on the records of the Land & Estate Dept. as lessee(s) can apply for conversion. If there are a number of lessees, all of them will have to sign the application. However, the lessee(s) can also give Power of Attorney (which should be registered in the office of the Sub-Registrar) to sign the application his his/her/their behalf.
7. If there has already been a transaction regarding the property/properties and the original lessee and sale deed has been registered though not brought to the knowledge of this department or the property has changed hands, the last purchaser can apply for conversion in his name himself or by way of his attorney. However, penal charges towards non intimation of transaction and applicable unearned increase shall also be charged.
8. The arrears of ground rent along with interest @18% per annum wherever applicable would have to be paid by the applicant before conversion can be permitted. In case where revision of ground rent has become due, the revised amount of ground rent will be notified to the lessee for depositing the amount before the execution of the conveyance deed.
9. In case of mortgaged properties, conversion would be allowed only after the submission of ‘No Objection Certificate’ issued by all the mortgagees/lending banks by the person seeking conversion.
10. In case of any legal dispute relating to title of the property, conversion shall not be allowed until the legal dispute is settled.
We handle the entire process of Conversion of MCD Shops and Properties from Leasehold to Freehold.
For freehold conversion of your Property , you may Contact Us At +91-8800418408
Click here to read the FAQs related to Conversion of Property from Leasehold to Freehold
Click Here to See the Land Rates for Leasehold to Freehold Conversion of L&DO Properties in Delhi
Central Zone : Connaught Place, Connaught Circus, Barkhamba Road, Curzon Road, Hanuman Road, Janpath, Windsor place, Connaught Place Extension, Bhagwan Dass Road, Hailey Road, Hanuman Road Residential, Baird Road, Jain Mandir Road, Jantar Mantar Road, Lady Harding road, Mandir Marg, Parliament Street, Minto Road, Punchkuian Road, Bhagat Singh Market, Babar Road, Krishna Market Paharganj, Mathura Road Press, Jhandewalan, Motia khan
South Zone : Khan Market, Diplomatic Enclave, Golf links, Aurangzeb Road, Prithvi Raj Road, Tis January Marg, Retendon Road, Humanyun Road, Jor Bagh, Sunder Nagar, Defence colony, Andrews Ganj, Sadiq Nagar, R. K. Puram, Moti Bagh, Lodi Road, Lodi Estate, Aliganj, Sewa Nagar, Lajpat Nagar Facing Ring Road, Vasant Vihar, Nizamuddin, Jangpura, Kalkaji, Malviya Nagar Extension, M. B. Road
West Zone : Ajmal Khan Road, Gaffar Market, Karol Bagh, M.M Road, Rani Jhansi Market, Link Road (Karol Bagh), Desh Bandhu Gupta Market, Patel Nagar (East, West & South), Rajinder Nagar ( old & New), Rohtak Road ( Old & New), Najafgarh Industrial Area, Rameshwari Nehru Nagar, Moti Nagar, Saraj Rohilla, Tilak Nagar, Tihar I & II, Ramesh Nagar
Disclaimer: The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. The use of this web site, and the sending or receipt of information does not create an attorney-client relationship. By using this website you agree that there has been no advertisement, solicitation, invitation or inducement of any sort whatsoever from us to solicit any work through this website.
Leasehold to Freehold Conversion of L&DO property, housing society flats in Delhi from L&DO, Freehold L&DO , L&DO, DSIIDC, Freehold L&DO flats, advocate, how to