Liberalized Scheme for payment of Ground Rent

[DEEPAK KUMAR]

Recently DDA announced one time payment of ground rent by paying 5 times ground rent ( much less than Free hold cost) kown as "Capitalized Ground Rent" the details are given below ,please refer to printout  attached in PDF format 

 

 

"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 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"  

 

Regards

 

Deepak Kumar

The Palms Apartment

Sec-6, Dwarka ,

 

 

 
 
 
 

[DEEPAK KUMAR]

[REJIMON C K]

This welcome.
Atlast some result folllowing representions and rti.
Still we need to collect more deatails.
Can this one time need to paid by whole society or individual flat owners.
Also what on completion and provisional occupancy certificate etc.
Thx
rejimon

On 12/14/08, DEEPAK KUMAR <12p...@gmail.com> wrote:
> Recently DDA announced one time payment of ground rent by paying 5 times
> ground rent ( much less than Free hold cost) kown as "Capitalized Ground
> Rent" the details are given below ,please refer to printout attached in PDF
> format
>
>
> "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 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"
>
> Regards
>
> Deepak Kumar
> The Palms Apartment
> Sec-6, Dwarka ,
>
>
>
>
>
>
>
> >
>

--
REJIMON C K. Nav Sansad Vihar, Sector 22, Dwarka, New Delhi-110077
India. P Help save trees and paper - print only if necessary?

[c.p. arora]

This is a good scheme.  I have gone through the DDA website.  Further details are not available there.  We need to seek clarifications from the DDA in this matter.   Regards   C P Arora --- On Mon, 15/12/08, REJIMON C K <reji...@gmail.com> wrote:

---

Add more friends to your messenger and enjoy! Invite them now.

[V K Ahluwalia]

Can somebody pl. advise whether this benefit is available to a co-op society as a whole (in case of CGHS) or individual members (allottees of a flat) can also avail of this scheme by paying capitalized ground rent portion corresponding to one flat?

 

Thanks.

 

v k ahluwalia  

[R. Dua]

Thanks for posting same. If any details avalable do post same.

[REJIMON C K]

Mr. Ahluwalia, we too awaiting more details. either DDA has to put more details on website or will have to put application for more details.

it will cerntain save a lot money for members from CGHS flats.

 

Rejimon

[DEEPAK KUMAR]

Dear Rejimon

Any progress regarding the details of this scheme, Do you have any information  whether an individual can avail  it or whole society has to apply for this scheme   

Deepak Kumar    

[REJIMON C K]

Nothing so far.

--
REJIMON C K. Nav Sansad Vihar, Sector 22, Dwarka, New Delhi-110077

[V K Ahluwalia]

I telephoned DDA (39898911) and their spokesman (Mr. Anil) informed me that
individual flat owners can separately pay their corresponding ground rent
under this scheme and not necessary for whole society to pay.
thanks.

vk ahluwalia.

----- Original Message -----
From: "REJIMON C K" <reji...@gmail.com>
To: <Dwarka-r...@googlegroups.com>

[DEEPAK KUMAR]

 We  approached DDA office ,Vikas sadan , for the clarification whether "Liberalized Scheme for payment of Ground Rent” is applicable to CGHS or not . DDA officials accepted ambiguity in the circular issued regarding applicability to DDA SFS flat vis-à-vis CGHS flat. We have approached Mr. Kashayap Dy Dir (GS), who is looking after CGHS, has put up the case for further clarification and has promised to convey the decision to us

 

DEEPAK KUMAR

THE PALMS ,SEC-6

PH-25071338

 

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

From: c.p. arora

To: Dwarka-r...@googlegroups.com

[Mahesh Tak]

An RTI application on same subject would be better approach for
getting definitive answer.

Mahesh Tak