All about new directives on Agreement-To-Lease (ATL)

[Safal Suri (gmail.com)]

 

 

Dear All,

 

In the last few week many people have contacted me seeking details about fresh instructions on Agreement-To-Lease (ATL). So, I thought of sending out a general email with all the details.

 

Let me first tell you what happened. Till recently, Agreement-To-Lease (ATL) was being done on current circle rate. Everyone, be it original allottee or transferee or a transferor, had to execute the ATL at prevailing circle rate. But, few weeks ago, Uttar Pradesh Government came up with a new notification. According to this notification, the “FIRST” ATL executed by the allottee (or even a transferee) will be at original ALLOTMENT RATE. However, all subsequent notifications (second, third, fourth... and so on) will be at current Circle Rate.

 

So now, all those who haven't yet executed ATL can go ahead and enjoy the benefit of rare sensibility by our esteemed law makers. Those properties that already have one ATL already executed, sorry, you don’t gain anything by the new notification.

 

Please find the calculation of both ATL plans provided below.

 

Regards,

 

Safal Suri

 

 

PS: The information provided above is “to the best of my knowledge”. Please reconfirm with professional Deed Writer / Lawyer before making any decision.

 

 

 

 

Cost Calculation for executing “first” Agreement-To-Lease (ATL)

 

 

Allotment Rate              Rs. 4,750 per sq mtr

 

Plot Cost                      Allotment Rate x Plot Size

Rs. 4750 x 300 sq mtr = Rs. 14,25,000

 

Normal Lease Rent       10%

 

Lease Rent                   11%

(For purpose of ATL)      Rs. 4,750 x 11% = Rs. 522.50

 

Lease Rent Amount      Lease Rent x Plot Size

Rs. 522.50 x 300 sq mtr = Rs. 1,56,750

 

Total ATL Value            Plot Cost + Lease Rent Amount

Rs. 14,25,000 x Rs. 1,56,750

Rs. 15,81,750 (Rounded to Rs. 15,82,000)

 

Stamp Paper                Total Value x 5% = Rs. 79,100

 

Registration Receipt     Rs. 10,050

 

Please Note:

1. Plot should not be in stay list
2. Installment must be up to date for the authority to accept to execute an ATL
3. Rs. 10,000/- discount for women only ATL
4. Lawyer/deed writer and overheads are extra

 

 

 

 

Cost Calculation for executing “Subsequent” Agreement-To-Lease (ATL)

 

Circle Rate                   Rs. 13,500 per sq mtr

 

Plot Cost                      Circle Rate x Plot Size

Rs. 13,500 x 300 sq mtr

Rs. 40,50,000

 

Stamp Paper                Plot Cost x 5% = Rs. 2,02,500

 

Registration Receipt     Rs. 10,050

 

Please Note:

1. Plot should not be in stay list
2. Installment must be up to date for the authority to accept to execute an ATL
3. Lease Rent is not calculated when ATL is executed at Circle Rate
4. Rs. 10,000/- discount for women only ATL
5. Lawyer/deed writer and overheads are extra

 

 

 

[Harish]

Dear Mr Safal,

what about the people who have done first ALT at circle rate. They have paid already excess amount in stamp duty. Will these people will get any benefit anywhere.

do we get any refund or adjustment from authority of this  excess amount paid.

Initially ALT was not mandatory thereafter they have made mandatory. they should have made standard clause since beginning  to make ALT at allotment rate. We  had to make excess expense without any fault.

Please advise

They should have done it from second ALT which would have increased sale purchase of plots.

Regards,

Harish

[Safal Suri]

Dear Mr. Harish,

Personally, I would like the government to allow ATL at allotment rate till the offer of possession is made by the authority. Especially, when the possession is delayed, for whatsoever reasons. Unfortunately, our lawmakers think differently. 

As for refund/adjustment of money spent on excess stamp papers, it is important to understand that the latest policy has been provided as temporary relief for indefinite period. In other words the benifts of policy is available only from the date it comes to effect. There is no retrospective provision in it. Sorry about that.

Hope this answers your queries. 

Cheers... Safal Suri

Sent from Samsung Mega

-------- Original message --------
From: vivek rattan <vivekr...@gmail.com>
Date: 30/04/2015 3:14 AM (GMT+05:30)
To: yeida <ye...@googlegroups.com>
Subject: Re: [YEIDA:29602] : Re: All about new directives on Agreement-To-Lease (ATL)

Mr. Safal is no more interested in this group.

Why people are looking for each and every question to be replied by safal, if you look for the past 6 months feedback not much has been contributed by Mr Safal.

Either the authorities or the concern group, of people's had exploited us much, this can be continue for another 10 years if we do not stand on our own.

This email not to intend to target any one but people should know who are hiding under the umbrella when it is raining.

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[Safal Suri]

Mr. Rattan,

I'm a bit confused. Please help me understand your earlier post.

You have alleged that I haven't replied to each and every post in the last 6 months. And you are correct. I have not. I have my reasons. I don't have explain them to you and I dont have to defend myself here. I didn't reply... I didn't reply. And I'm ok with your outburst. 

That said, you seem to allege that the authority has exploited "us". For whatsoever reasons, the authority has not kept its promise when it comes to delivery of property to allottes/owners, the authority has failed miserably, and yet, the authority continues to forcefully impose unreasonable and senseless policies on us. You are correct in criticising the authority. We all share your feelings. I definitely do.

But what surprises me is you allegation about "group of people" exploiting you and hiding under the umbrella and what not. Can you please answer the two questions:

(1) Which "group of people" has exploited you?

(2) How have they exploited you?

I believe not just me, but all of us would like to know the answer to both the questions.

Here I would also like to remind everyone that participation in this group is completely voluntary. There are no employees and no one is paid to reply/answer.

Taking this opportunity, let me remind all... out of 2200 members in this YEIDA Google group, less than 400 people have opted to join YERWA. I'm not being judgemental. Just pointing the fact. I'm sure each individual has his/her reason for joining or not joining YERWA... as they have reason to actively participate or not participate in online discussions / question-answers.

One more thing... out of 400 YERWA members, only once did 64 people attended General Body Meeting in person. Usually, the number is 30-35. Thats not all... when asked to participate in various teams... such as... legal team... media team... membership team... RTI team... many have volunteered... (both, from YEIDA & YERWA Google Groups) but no more than a dozen have actively participated in all 4 years of YERWA.

We've finally learnt the lesson. When it comes to online discussions... there is no dearth of people presenting their views and advisories... but when the time comes to do the real groundwork... those very people who suggests ideas (such as filling RTIs and dharna, etc) are nowhere to be seen.

My request to critics... easiest job in the world is to sit in the comfort of home and pass judgements on others... extremely difficult to do yourself what you preach others to do.

Six months ago I wrote a post in this very group that I will not answer the same questions over and over again. If there is a new member... he/she should take a bit of pain and search the past posts for answers to their questions... other members... too can reply. Why are 6-7 people, out of 2200, expected to always reply to each and every question? Also, I don't see "the critics" helping others... why? All they do is pass judgements.

Lastly, few weeks ago someone suggested to physically demonstrate outside the authority. Nice idea. Who would coordinate and arrange for the entire event? How many people would participate? Who makes the list of those interested and ensure they do actually attend the demonstration/dharna? Who would contact and coordinate with the media? If there gonna be 100-200 people, then police permission maybe required. Who would get that? If there will be 10-15 or even 20 people, then whats the point?

Those suggesting maybe doing so in good faith... no problem with that. But then expecting a selected bunch of people (a certain group of people) to leave everything and dedicate their life in implementing someone else's idea is not just foolish but also nieve. 

My request to those floating ideas every now and then... please think before speaking the first thing that comes to your mind. Think about its workability and practicality.  Also, please ensure YOU will be the first to execute the idea... before floating it in the group. If YOU can't do it... please don't expect others to follow your advise/suggestions. 

As for critics. Please criticise... but not blindly. Come and join the working group. Put in physical efforts... spend good amount of time... spend money... understand the limitations... understand difficulties... face often senseless criticism... dedicate years in thankless activities (such as Mr. Nagin Chand & Mr. Anubhav Kapoor travelling in non AC buses and cars in the middle of summers to Allahabad, not just once, but several times), etc. Once you have done that... then you have earned the right to criticise any individual or the team.

I think most would agree... no one has the right to pass unqualified judgements on others without himself/herself putting in any effort.

This is YOUR FIGHT too. If you think "the team" isn't doing a good job... YOU do it and show others how things are done. IF you can't, for whatsoever reasons, then please...

Finally, I ask Mr. Rattan once again:

(1) Which "group of people" has "exploited" you?

(2) How have they "exploited" you?

Please do answer. We all want to know the secret.

Lastly, some maybe surprised on this "outburst". Please dont be. Someone has to ensure few who have actually done something and continue to do so... aren't demoralised by random foolish utterances every now & then. Someone must stand for them. Actually, most should.

Regards,

Safal Suri

[AK Garg]

Dear Shri Safal Ji,

Thanks for your untiring and informative work for the benefit of all members. I have got some query in this regard and shall be grateful for your reply.

1. Whether it is necessary to get the ATL done or wait for the possession of plot and get the registry done.

2. If I get the ATL done now, whether registry will be required at the time of possession or not.

3. If yes, whether stamp duty will be required to be paid again and at what rate.

 I have no intention to sell my plot.

Best Regards,

Avadhesh Kumar Garg
+91 9899899738

--

[Naveen Kumar]

Dear Safal ji,

its been long time, i hope you are doing fine, our plot is in under stay, what should we do, and also whats your advice in terms of our future,

thanks,

Naveen Kumar

9811535237

On Thu, Apr 30, 2015 at 12:49 AM, Safal Suri (gmail.com) <safa...@gmail.com> wrote:

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Best Regards,
Naveen Kumar
9811535237
One thing I like about stones is - they come in my way but once I pass them,
they become my milestones automatically....... Vivekanand

[Safal Suri (gmail.com)]

 

Dear Mr. Garg,

 

1. (a) Executing ATL is optional and not mandatory. The decision to IF and WHEN to execute ATL is entirely up to an individual.

1. (b) Since you intend to retain the property (even if you wanted to sell in the future), it is advisable to execute the ATL. Primarily because NOW first ATL can be executed at original allotment rate.

 

2. If you execute ATL now, you will not have to pay for the registry in the future. You will only have to pay equivalent of 10 years of lease rent to execute Lease Deed (that is equivalent of 10% of property cost).

 

3. Once the allottee/owner executes the Lease Deed after the possession is offered, those who have executed ATL in the past will only have to pay a nominal amount (around Rs. 100 or Rs. 1000 odd) to register the Lease Deed. You will NOT have to pay for entire amount of stamp papers again.

 

Hope this answers your questions.

 

Regards,

 

Safal Suri

[ravi]

Thanks Safalji.

[Safal Suri (gmail.com)]

 

Dear Mr. Kumar,

 

Honestly, you really cant do much at this point of time. Because there is a “Stay Order” on your plot... in other words, the court has ordered to maintain the status quo... you can neither execute ATL, nor sell (transfer) the property. The only thing you can do is continue paying the installments and hope for early judgement.

 

As for the future, there are quite a few possibilities. Both positive and negative. However, broadly speaking, I personally feel if one has a horizon of investment for another 4-5 years at YEIDA, one can expect somewhat over average return around 2019-2020. Un till then, I am afraid, there is a 50-50 chance of continued dismissal performance or grand success, based on how the political alignments shape in the next two years.

 

I have in the past and I still maintain... NOW is NOT the time to sell at YEIDA, rather it is the best time to buy. Un till there is no other choice, one should NOT sell at YEIDA, at the same time, those with below 50 lac budget and horizon of 5 years, should seriously consider buying at YEIDA.

 

Hope this helps,

 

Regards,

 

Safal Suri

[AK Garg]

Really grateful dear Safal ji. You are really great. Thanks a lot for your prompt reply. Best regards 

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[Naveen Kumar]

Thanks Safal ji,

your wisdom is of great help, much appreciated,

all the best,

Naveen Kumar

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[Navdeep Monga]

Hi Safal Ji

 

Greetings ,

 

Thanks a lot for guidance on ATL ,

 

I am interested to know why Lease Rent has been added in 1st case where as lease rent is not added for 2nd case.

 

Would u please help to understand this .

 

Best Regards

Navdeep

[Safal Suri (gmail.com)]

 

Dear Mr. Monga,

 

In 1st case, the entire value of the property is calculated for the purpose of stamp duty... which is... the “cost of the property” plus “one time lease rent”... however... in 2nd case the highest amount between “allotment rate + lease rent” and “circle rate” is calculated... wherein, the circle rate is higher and therefore no need to add lease rent in the 2nd case.

 

Hope this explains,

 

Regards,

 

Safal Suri

--

[Ram]

Dear,
Safal ji

It would be a great help if you suggest a few lawyers for ATL.
I know many of us want this information and it will be convenient for those who are not aware about the legalities of ATL.

Thanks
Ram

[Harish]

Dear Mr Safal,

Thanks!

Agree that this  latest policy has been enforced to give to temp relief in current scenario.

When in 2013 some plots came out of stay order people rushed  to get ATL done  in the fear as circle rate kept increasing which was already increased too much during complete stay .

Lets  be positive and I also feel that in next five years  in this area there should be good development.

Regards,

Harish

[Vishal kaushik]

I called to one advocate for ATL he told me 78500 stamp paper + 10500 dd+ 45000 riswat ke in authority.

[Kumara Swamy Kasturi]

Dear Safal ji / all,

For ATL of 300 sqm.. whether we need to pay only these 2 heads

Stamp Paper                Total Value x 5% = Rs. 79,100

 

Registration Receipt     Rs. 10,050

(OR) we need to pay lease rent also at this time.

Also... any lawyer/deed writer who can help in executing this. (OR) any instructions on going it by self (how to write deed etc) will be of great help.

Please clarify.

Thanks,

Kumara (KK)

[Manoj Keshari]

Sir mai v gaya tha advocate bola  100 mitar ×300=30000authority ke lia risawat mag raha tha Manoj ku.keshari

[vikas027]

Dear Safal ji,

Please do not waste your time on people like Mr. Rattan. They do not even deserve an answer from you. Everyone knows that what you have done and what you are doing for YERWA.

Mr. Rattan,

As Mr. Safal has pointed out he is helping out people through this group, he is NOT liable to respond to each and every email. Before accusing someone sitting in your cosy home, do some introspection what you have done for the group and then talk. Moreover, he is not paid for doing so. If you wish to have prompt answers, why don't you hire a lawyer, file RTI, etc. and get things working for you.

Regards,

Vikas

[Vikas Aggarwal]

Great. Thanks Safalji

[vivek rattan]

Dear Mr. Vikas,
Do not behave like a king's slave, stop buttering have some guts under your own belley.

Dear Mr. Safal, That is the problem with you, any one ask you hard questions you will start questioning the authentication of messenger. Anyway, i am not in india right now and coming back by next week , will give to detail reply of your below email.

[vikas027]

Mr. Vivek, 

I know my reply would not get into your brain but still I am trying (I know in vain).

Let me teach you some modesty. If I were your place, I would chosen my words wisely and then broadcast an email. Or if I was not happy how things are shaping up, I would have have tried to contact Mr. Safal in one-to-one email or even called him and discussed what can we do make things better for everyone. But, I know this track is too difficult for some people, what a shame!

Words like 'King's slave' and 'buttering' are completely uncongenial here. You rock my friend, just bark in your comfy home and point out others. Excellent idea to deal with the situation !! Kudos to you !

Lastly, I do not have to show my 'guts' to an idiot, who is criticising someone who is trying to help others. I would not bother to reply you further, as I am too lazy to edify a "weed".

Wish you lots of luck for your plot.

Best Regards,

Vikas

[Safal Suri (gmail.com)]

 

Dear Mr. Vivek Rattan,

 

You joined YEIDA Google Group in 2011. Since then, you have posted a total of 10 messages on this group. Details are provided below:

 

(1) 27.07.2011

(2) 27.07.2011

(3) 11.11.2011

(4) 27.09.2012

(5) 15.12.2012

(6) 02.01.2013

(7) 08.11.2014

(8) 09.01.2015

(9) 30.04.2015

(10) 05.05.2015

 

Please note that in 46 months (almost 4 years), you have posted only 10 messages. None of them had any positive contribution to the group, whatsoever. Last two being blandly accusatory without any base. Also, sir you speak of my inactivity in the last 6 odd months. Please note your own activities. Even though, none of them had any positive contribution to the group, yet they were only 3 posts in 2011, 2 posts in 2012, single posts in 2013 & 2014 and 3 posts in 2015 (so far). Now please compare that to 2,800+ posts of mine since May 2009 in YEIDA Google Group alone. Sir, I’m not boasting in any manner but I have to provide this example in order to practically explain the real meaning of INACTIVITY.

 

Before proceeding ahead... please allow me to ask you a simple straight question. With no positive contribution to show, what gives you the right to ask questions and throw dirt on others?

 

There is an old Chinese saying: “You are what you speak”. And you sir, have spoken enough, and people have heard enough. We understand, you have no positive or constructive contribution to make (since you have made none in the past). All you intend to do... and, probably all you are capable of doing... is throw dirt on others and disrupt peace. You are not the first one. We have faced people like you earlier and we will face similar minded people in future as well. Therefore, I request you to kindly read the CODE OF CONDUCT carefully. For your convenience I’m replicating the same below:

 

 

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CODE OF CONDUCT

 

This forum was created with a sole purpose of gaining collective knowledge relating to Yamuna Expressway (YEIDA) and all matters/subjects/concerns relating to it. Everyone is welcome to join the forum, to learn and contribute positively. We, at this forum, believe in freedom of thought and speech. However, in order to maintain decorum, all members of the forum are expected to adhere to the following basic principals:

 

Language: This being an open forum and visible globally, contributors are expected to consider the feelings of other members and use polite and courteous language while posting or replying. There is zero tolerance towards use of abusive or foul language. Posts containing socially un-acceptable language will be immediately deleted, followed by disciplinary action.

 

Comments: Every member is free to express his thoughts/views. At the same time, other members have the freedom to agree/disagree with the views presented. Therefore, all members are free to present their acceptance or rejection towards the topic or content of discussion. However, personal comments against another member, in any manner, form or language is not permitted in this forum.

 

-----

 

You will notice that we at YEIDA Google Group have strict no tolerance policy of personal comments against any other member. Needless to say, you have not only made personal comments against me, but also against Mr. Vikas only because his views differs from your views. As a moderator, I can take action against you for breaking the CoC. However, as you have made personal comments against me too, I leave it on other moderators to discuss and decide among themselves, if and what action should be taken against you.

 

 

At this point, I have a general message for all YERWA and YEIDA members.

 

The “Managing Committee”, has NEVER taken any decision on its own. For every decision, important or otherwise, a General Body Meeting (GBM) was called (sometimes twice a year) and the issues were presented to the attending members. All issues were openly discussed among the members present in the meeting and it is the members who took the decision by way of majority. The Managing Committee has always kept COMPLETE transparency and always followed the decision taken by the GBM.

 

Attempt by Mr. Vivek Rattan to create doubt about the Managing Committee, is not only utterly wrong but absolutely shameless. It is people like Mr. Vivek Rattan who do nothing on their own and yet display a sense of authority as if they own the world.

 

That said, it is true that no member of the Managing Committee is God. We are humans, just like anyone else, and we can make mistakes, just like anyone else. It is absolutely okay for anyone to disagree with us. We are also open to criticism. Anyone not satisfied with the YEIDA Google Group or YERWA Google Group or YERWA Managing Committee has complete freedom to speak their mind. BUT please be civilized and to the point in your feedback / complaint. AND please ensure that courteous language is used and only the issue is discussed. NO PERSONAL COMMENTS. If anyone has any personal problem with anyone else, please correspond one to one.

 

NO PERSONAL GRUDGES, WHATSOEVER, WILL BE ENTERTAINED IN THIS FORUM. HENCEFORTH, LIKE IT OR NOT, ANY PERSONAL COMMENT WILL ATTRACT IMMEDIATE BAN.

 

Lastly, I would personally like to THANK Mr. Vikas. Not for standing up for me. But for standing up for himself and for standing up against senseless provocation by Mr. Vivek Rattan. The rattling by Mr. Vivek Rattan is not only time wasting but also time consuming. An absolute waste of time and efforts.

 

I would end this email by repeating the request I made to Mr. Vivek Rattan in my previous post, which he comfortably ignored.

 

If anyone is not satisfied with the functioning of the Managing Committee, please join YERWA and become an active contributor. Show us and others how things are done correctly. And if you can’t do that, then at least, please present your views in a polite and civilized manner. Please don’t come hammering over our heads as if you own us and expect us to sacrifice our personal and professional life to follow your orders. We, members of the Managing Committee of YERWA are not paid employees. We are voluntary contributors, without any qualification or a degree on how to run an RWA. We believe we are doing our best. If our best is not good enough for you, then PLEASE do it yourself and show us what is good enough.

 

Hope this message finally reaches home.

 

Regards,

 

Safal Suri

 

 

 

 

 

From: vikas027

Sent: Tuesday, May 05, 2015 11:25 PM

To: ye...@googlegroups.com

[vijaykumar.scorpio]

Dear Safal Ji,

Thanks for the clarification. I have read out your mail and understood very clearly about the notification pertaining to 'FIRST' ATL to be done by YEIDA allottee/transferee. BUT could you please confirm me why the Lease Rent does not apply on 2nd, 3rd, 4th,... transferee but does on first time allottee/transferee like me (yet to go for ATL).

I remember, when the first time ATL window got opened in year 2010, Lease Rent was not applying on the allottees...


Regards,
Vijay Kumar
Bangalore
M # 09810076548

[Saradindu Basu]

Dear Shri Vikas, 

                        Like Sri Vivek, you too had used undesirable words like-"bark" and "idiot". Please note that two wrongs don't make a right. 

S.Basu.

--

[Safal Suri (gmail.com)]

Dear Mr. Kumar,

Please read my recent post regarding FIRST ATL. There has been some new
developments. Apparently the authority is now refusing to sign ATL papers of
the transferee even if it’s the first ATL. Shall try and meet concerned
officers in next few days and get further details.

As for 2010, ATL was never done at 4750 , the calculation based with lease
rent applied then too.

Regards,

Safal Suri

-----Original Message-----
From: vijaykumar.scorpio
Sent: Wednesday, May 06, 2015 6:52 AM
To: ye...@googlegroups.com
Cc: ye...@googlegroups.com

Subject: [YEIDA:29678] : Re: All about new directives on Agreement-To-Lease
(ATL)

--

[Safal Suri (gmail.com)]

 

Dear Mr. Kasturi,

 

We don’t have to pay Lease Rent at this point of time. Lease Rent is payable only after authority officially announces that it is ready to provide possession and therefore the allotees should pay “Lease Rent” and execute “Lease Deed” agreement.

 

At this point of time, allottees are required to pay for Stamp Papers and Registration Charges only.

 

Regards,

 

Safal Suri

 

 

 

 

From: Kumara Swamy Kasturi

Sent: Friday, May 01, 2015 11:42 AM

To: ye...@googlegroups.com

--

[renu sharma]

Dear Safal ji,

Many thanks for your extreme support & valuable inputs,

Please share your opinion on getting the ATL done at currently offered allotment rate scheme.

Definitely there will be a benefit w.r.t the difference in allotment v/s circle rate.

Should we go ahead for ATL for a plot which is under several ??? & for which the possession & other aspects are very uncertain??

OR it is another trick of authority to drag / extract our hard earned money out from our pockets once again!!

I have a 300sqm plot in sector-18 YEW

Pls through some light....

Thx,

Renu sharma.

Thanks and regards,

Renu sharma

[Rahul Yadav]

Dear Safal Ji 

One question

Is YEIDA has started doing ATL on the original allotted rates?

or there is still a date when they will start doing ATL

The will is window on one year when the ATL on revised rates will be done?

Can you share the start date of the ATL?

[renu sharma]

Dear Safal ji,

Many thanks for your extreme support & valuable inputs,

Please share your opinion on getting the ATL done at currently offered allotment rate scheme.

Definitely there will be a benefit w.r.t the difference in allotment v/s circle rate.

Should we go ahead for ATL for a plot which is under several ??? & for which the possession & other aspects are very uncertain??

OR it is another trick of authority to drag / extract our hard earned money out from our pockets once again!!

I have a 300sqm plot in sector-18 YEW under no stay.

Pls through some light....

Thx,

Renu sharma.

[sandeep arneja]

Dear Safal Ji,

I contacted one lawyer for executing ATL for 300 sq. meter plot and as per his calculations the stamp papers of value Rs. 95500/- will be required in case of first women allottee. When I told him to check his calculations once again,  he again confirmed the value of stamp papers to be Rs. 95500/- in case of first women alloottee. Sir you are requested to spare your valuable time and clear the doubt. 

Thanks

On Thursday, 30 April 2015 00:49:22 UTC+5:30, Safal Suri 9811182828 wrote:

 

 

Dear All,

 

In the last few week many people have contacted me seeking details about fresh instructions on Agreement-To-Lease (ATL). So, I thought of sending out a general email with all the details.

 

Let me first tell you what happened. Till recently, Agreement-To-Lease (ATL) was being done on current circle rate. Everyone, be it original allottee or transferee or a transferor, had to execute the ATL at prevailing circle rate. But, few weeks ago, Uttar Pradesh Government came up with a new notification. According to this notification, the “FIRST” ATL executed by the allottee (or even a transferee) will be at original ALLOTMENT RATE. However, all subsequent notifications (second, third, fourth... and so on) will be at current Circle Rate.

 

So now, all those who haven't yet executed ATL can go ahead and enjoy the benefit of rare sensibility by our esteemed law makers. Those properties that already have one ATL already executed, sorry, you don’t gain anything by the new notification.

 

Please find the calculation of both ATL plans provided below.

 

Regards,

 

Safal Suri

 

 

PS: The information provided above is “to the best of my knowledge”. Please reconfirm with professional Deed Writer / Lawyer before making any decision.

 

 

 

 

Cost Calculation for executing “first” Agreement-To-Lease (ATL)

 

 

Allotment Rate              Rs. 4,750 per sq mtr

 

Plot Cost                      Allotment Rate x Plot Size

Rs. 4750 x 300 sq mtr = Rs. 14,25,000

 

Normal Lease Rent       10%

 

Lease Rent                   11%

(For purpose of ATL)      Rs. 4,750 x 11% = Rs. 522.50

 

Lease Rent Amount      Lease Rent x Plot Size

Rs. 522.50 x 300 sq mtr = Rs. 1,56,750

 

Total ATL Value            Plot Cost + Lease Rent Amount

Rs. 14,25,000 x Rs. 1,56,750

Rs. 15,81,750 (Rounded to Rs. 15,82,000)

 

Stamp Paper                Total Value x 5% = Rs. 79,100

 

Registration Receipt     Rs. 10,050

 

Please Note:

[Safal Suri (gmail.com)]

 

Dear Mr. Arneja,

 

Sir, to the best of my knowledge, Rs. 10,000/- discount is provided in stamp papers if the registrant... is a woman or are women.

 

In case the lawyer persists, you could consult another lawyer.

 

Regards,

 

Safal Suri

 

 

 

 

From: sandeep arneja

Sent: Monday, May 18, 2015 5:02 PM

To: ye...@googlegroups.com

Cc: ye...@googlegroups.com

--

[Anurag Kumar]

Hello Safal ji

Thanks for the valuable information.

I am the allotee of 300sqm plot and want to execute ATL.

I visited authority  last week and check the status of our plot and I found that my  plot is not under stay so I planned to execute ATL.

In authority office I met  to a advocate as(my  sector concern person ask me to check with this advocate to the actual atl amount).

He told me that the ATL amount is also calculated on the interest paid amount.so he told me that the total amount around 103000/- approx.

Plot cost with inerest--19 approx

Lease rent amount-1.5 approx

Total amount=total value×5%
=2050000*5%=103500/-approx

Plus advocate/deed writer amount extra

Could you please help/confirm me that the ATLamount is also calculated on interest part or that person (advocate) is told me wrong info and taking extra amount from me.

And anyone please suggest me the genuine advocate name to execute ATL.

Thanks in advance.

Anurag
Delhi
9990697479

[Ram]

Dear safal ji

Would you please suggest a lawyer for the group members who can help us and on whom one can Rely upon.
There must be many lawyer known to you.

Thanks
Ram

[Vishal kaushik]

Ya I also want to know lawyer for ATL.

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[mohammed khalid Siddiqui]

Please tell me till what period this bonus facility will be applicable because right now I am in saudi arabia and will come back India in April 2046

[Shanker Lal Kalra]

Dear Safal Ji,

Can you share the copy of the latest U.P. Government directives on "Agreement to Lease" at old rates for allottee and first transferee?

Thanks & Regards,

(S.L.Kalra)

[Safal Suri (gmail.com)]

 

Dear Mr. Kalra,

 

My apologies. I have the document but somehow cant trace it on the computer.

 

However, I had uploaded the same on YEIDA Google Group and YERWA Google Group. If you check the archives, you will find it there.

 

That said, will continue searching for it. Will send it to you if and when I am able to finally find it.

 

Regards,

 

Safal Suri

 

---

 

From: Shanker Lal Kalra

Sent: Thursday, July 02, 2015 11:33 AM

To: ye...@googlegroups.com

Cc: ye...@googlegroups.com

--

--
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[Safal Suri (gmail.com)]

 

Dear Ram,

 

I shouldn’t recommend any one deed writer. Won't be ethically correct on my part.

 

However, I can provide you a few names and numbers, if you contact me one to one. Please speak to them and chose the one that best suits you.

 

Do understand that I wont be responsible for any right or wrong on their part. I can suggest, but can't and won't take any responsibility.

 

Hope you understand.

 

Regards,

 

Safal Suri

 

---

 

-----Original Message-----

From: 'Ram' via YEIDA (Yamuna Expressway Industrial Development Area)

Sent: Sunday, June 28, 2015 9:15 AM

To: ye...@googlegroups.com

--

[Kumara Kasturi (KK)]

Hi All,
Has anyone executed ATL recently? Pls share some experiences and procedure.

Can someone share the format to be used for ATL?
Whether the stamp duty can be purchased online?
I have few installments pending and planning to pay at the time of ATL.

I am planning to get this ATL done by self. I have read old section written earlier on how to execute ATL by self.
@Safal ji or some respected member: Can someone update this page for recent need (I am assuming it needs update).

Thanks,
Kumara (KK)