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Haryana simplifies land sales: 2.52 million properties impacted, up to 32% rental yield increase

Synopsis

Haryana is easing urban property transactions by eliminating no-objection certificates (NOCs) for selling agricultural land in urban areas. Announced by Urban Local Bodies Minister Subhash Sudha, the new rules impact 2,52,000 properties, allowing direct registration without NOCs and exempting owners from property taxes or development fees. Additionally, 6,85,000 urban colony properties can now be sold with self-certification. Regularization of 741 colonies and 705 small land patches facilitates transactions for over 1.71 lakh and 1,200 properties respectively. These measures streamline processes, reduce bureaucracy, and enhance transparency, benefiting millions of property owners across the state.

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Haryana is making it easier for urban property owners to sell and register their lands. The state's Minister of Urban Local Bodies, Subhash Sudha, announced new rules that eliminate the need for no-objection certificates (NOCs) when buying or selling agricultural land in urban areas. This change is part of a larger effort to streamline property transactions and reduce bureaucracy.

Landowners in urban areas can now directly register their agricultural properties without needing NOCs. This affects around 2,52,000 properties across the state. Owners won't have to pay property taxes or development fees for these transactions. However, if there are any pending taxes or fees, these must be cleared to receive a no dues certificate, enabling the sale.

Property owners in urban colonies who have self-certified their properties within Lal Dora boundaries can now sell their lands. This initiative impacts 6,85,000 properties. In addition, 741 previously unapproved colonies have been regularized, allowing sales for 1,71,368 properties. Efforts are ongoing to regularize another 433 colonies by June 30, which will further facilitate property transactions. Furthermore, 705 small patches of land have already been regularized, and another 1,200 patches are expected to be authorized by June 30, benefiting a total of 13,38,000 properties.

Sudha also announced that all registration details from HSVP, HSIIDC, and tehsil offices will now automatically appear on municipal bodies' property portals. This move aims to reduce the need for individuals to visit multiple offices, making the process more convenient for urban residents. This integrated approach will streamline access to property information and facilitate smoother transactions.

In addition, the new rules allow family members to divide their property into smaller plots, with the smallest division being as small as 50 square yards. This applies to properties under the jurisdiction of municipal bodies, excluding those governed by HSVP, HSIIDC, and licensed colonies under town and country planning regulations. This change addresses issues faced by families in dividing property and makes it easier to transfer ownership upon the death of an owner, whether based on a will or otherwise.

Overall, these new regulations are expected to benefit millions of property owners across Haryana, simplifying the processes of buying, selling, and managing urban properties. The state aims to reduce bureaucratic hurdles and make property transactions more transparent and accessible for its residents.

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