ISLAMABDA, AUGUST 6: The Capital Development Authority (CDA) intends to stop processing new transfers of urban properties that are handled by the registrar’s office through sale deeds. Since the CDA requires many NOCs for property transfers, many people choose to use the registrar’s office instead.
In the past, the Joint Sub Registrar’s office could only facilitate property transfers through sale deeds for properties with conveyance or lease deeds. The CDA revised its property handbook in 2022 and permitted additional transfers via its one-window system, given that the original sale deeds were sent in.
The CDA intends to change its 2022 policy, which permits property transfers via its one-window system. The CDA board will review a summary of this decision on Tuesday.
Property purchases through the registrar’s office were prohibited by the FBR; this decision was challenged in the Islamabad High Court.
“The FBR retracted its letter prohibiting sale deeds through the registrar’s office after common reason won out. Therefore, the CDA property manual amendment was unnecessary, and as such, the civic authority would also be withdrawing it, an official informed The Nation.
According to the summary, the registrar office should get NOCs from the CDA’s Estate Management, Building Control, and Revenue Directorate in addition to a change of title letter. This would mean going back to the traditional procedure for transfers of urban property.
The new regulations will safeguard all transactions made between October 28, 2022, and July 31, 2024, if they are enacted.
