Noida, legal experts and homebuyers fear that many owners will abuse this route to evade their responsibilities. «Up to 300 home buyers in Omaxe projects paid stamp duty to the administration in 2012. But during this period, the owner made no effort to pay their costs to the Noida agency. This means that buyers are suffering, as they have not yet obtained the flat title on their behalf. The same problem can occur with other buyers who are taking the subletting agreement because the government doesn`t care about home buyers` problems,» said Anil Chaudhary, a lawyer. We provide the fully developed lease to Noida, including the important terms and conditions. We provide a service at your door, in which what you need to do is provide us with your data by filling out the form (designed safely to collect your data), placing the order and we will quickly design your rental contract with the prescribed electronic stamp paper and deliver it to you on site. «House buyers have been concerned about their apartments and records because builders are not able to get OCS for a residential complex. Under the new agreement, buyers will be unloaded after at least paying stamp duty to the government, knowing that they will not be named as owners. The move is expected to benefit some 30,000 home buyers living in residential complexes without OCS,» said Prashant Tiwari, President of UP Credai. The District Administration stated that it authorized the sublease agreement pursuant to Section 35 of the Indian Stamp Act in order to recover the purchasers` income in the form of stamp duty.
«The buyer will have a stronger right to the home, and the owners will not be able to harass the buyers, as happens if no registered agreement is reached. As a general rule, owners often threaten to cancel the reservation for several reasons, as the buyer only has a construction/buyer contract or a pre-registration award agreement. However, under a two-part sublease agreement, the owner cannot cancel the booking of an apartment as he sees fit,» Nagar said. The administration has now asked contractors and buyers to sign a sublease agreement under which buyers must pay the full stamp duty at existing district rates.