In order to facilitate the allottees / General Power of Attorney Holders of DDA flats allotted on lease for taking loan from the Bank / BodyTextcial Institutions, Single Window Unit has been established on 1st October, 2001
Important Steps to be taken under single window unit:
- As a first step, the allottee / applicant would approach the Bank / BodyTextcial Institution for obtaining loan to pay outstanding dues, penalty, cost of flat, stamp duty for freehold conversion and other dues etc.
- The concerned Bank / BodyTextcial Institution would scrutinize the application as per their norms
- Once the Bank / BodyTextcial Institution agrees in principle to BodyTextce the allottee, and intimates formally to DDA their intention of extending loan along with necessary papers through Single Window Unit.
- DDA would work out the dues after verification of payments. The dues would include belated installment amount, interest / penalty, balance cost, ground rent, service charges and interest thereon, conversion charges and any other charges etc.
- The Single Window Unit would intimate the dues to the Bank /BodyTextcial Institution / Applicant
- Bank / BodyTextcial Institution would sanction the loan in principle
- The Allottee / Applicant would submit application for conversion from lease hold to free hold directly to the Single Window Unit after making payment of conversion charges into Bank. Copy of bank challan of payment would be rendered along with the conversion application.
- After due process, the conveyance deed papers would be issued by DDA
- Tripartite Agreement would be executed among BodyTextcer, BodyTextcee and DDA in the approved format
- Bank / BodyTextcial Institution would release loan for payment of DDA dues and stamp duty. Allottee will deposit the stamp duty with the Collector of Stamp, depending upon the agreement between the bank / BodyTextcial institution and the borrower, or borrower may deposit stamp duty himself and DDA's dues in authorized bank.
- Allottee will submit stamped Conveyance Deed papers along with the requisite challans to the Single Window Unit
- After verification of payment and issue of No Dues Certificate, execution process of CD papers would be completed and executed CD papers would be handed over to the concerned Bank
- The Bank would submit executed CD papers to the office of Sub - Registrar for its registration. The Bank would also intimate Single Window Unit of the fact that documents are registered with the authorities
- After registration of CD Papers, the tripartite agreement would cease to exist
For details of Single Window Unit, the Counselor [Housing] or Single Window Unit may be contacted.
General Conditions for payment of Ground Rent
As per terms and conditions of allotment, ground rent is payable annually in advance @ 2.5% of the cost of land as given in the Allotment cum Demand Letter in respect of all allotment on lease hold basis. In case of default in making the payment of Ground Rent by the stipulated date, the allottee is liable to pay interest at the rate of 10% per annum or at the rates to be revised from time to time. The Ground Rent is payable till such time the property remains on lease hold basis. Once the property is converted into free hold, the Ground Rent is not payable.
Note:
- All allotttees on "Hire Purchase Basis" are liable to pay Ground Rent till the execution of conveyance or Capitalized Value under the special scheme is paid to DDA.
- Once the capitalized value of Ground Rent is paid to DDA, all previous dues of Ground Rent and/or interest thereon, if any, would not require to be paid
Liberalized Scheme for payment of Ground Rent for DDA Housing ( DDA Built up Flats Only)
For the benefit of general public and to provide allottee friendly service, a simple and easy system to clear the dues of ground rent, one time payment has been introduced under the scheme "Capitalized Ground Rent" Under this scheme, allottee is required to pay 12% of cost of land as indicated in the allotment cum demand letter on account of unpaid and future dues of ground rent as capitalized value of Ground Rent and thereafter is exempted to pay ground rent in future.
The scheme is optional
The allottee who does not opt for the "Capitalized Ground Rent" would continue to pay the ground rent as per original terms and conditions of the allotment cum demand letter
General Conditions for payment of Ground Rent
As per terms and conditions of allotment, Service Charges is payable annually in advance @ 2.5% of the cost of land as given in the Allotment cum Demand Letter in respect of all allotment of flats on freehold basis. In case of default in making the payment of Service Charges by the stipulated date, the allottee is liable to pay interest at the rate of 10% per annum or at the rates to be revised from time to time. The Service Charges is payable till such time the services are transferred to Municipal Corporation of Delhi.
Liberalized Scheme for payment of Service Charges
In the benefit of general public and to provide allottee friendly service, a simple and easy system to clear the dues of Service Charges, one time payment has been introduced under the scheme "Capitalized Service Charges" Under this scheme, allottee is required to pay 7.5% of cost of land as indicated in the allotment cum demand letter on account of capitalized value of Service Charges in respect of new allotment and 5% in respect of old allotments in respect of unpaid & future dues. Thereafter allottee is exempted from paying Service Charges in future.
The scheme is optional
The allottee who does not opt for the "Capitalized Service Charges" would continue to pay the Service Charges as per original terms and conditions of the allotment cum demand letter.
Note:
- The Service Charges is payable till such time the services are transferred to Municipal Corporation of Delhi.
- Once the capitalized value of Service Charges is paid to DDA, all previous dues of Service Charges and/or interest thereon, if any, would not require to be paid
