Procedure for Transfer of Plot/Shed ...
Transfer of Plot/Shed  -  Original Allottee/Through GPA

               Application for transfer of Plot/Shed should be accompanied with  following Documents  on non-judicial stamp paper duly attested from the Executive Magistrate Class-I along-with applicable  transfer fee:-
A. Affidavit
(Stamp Paper of Rs.15/-)		 (From Transferor)
B. Indemnity Bond 
(Stamp Paper of Rs.25/-)		 (From Transferor)
C.  Affidavit 
(Stamp Paper of Rs.15/-)		 (From Transferee)
D.  Affidavit 
(Stamp Paper of Rs.15/-)		 (From Attorney of Allottee)
E. Affidavit 
(Stamp Paper of Rs.15/-)		  (From Attorney of Allottee)
F. Affidavit 
(Stamp Paper of Rs.15/-)		 (From Original Allottee)
 
Transfer Fee...

3% of current price of the Plot fixed by the Corporation in the concerned Industrial Estate.

              Note: Formats A, B & C are applicable in case of Original Allottee. Formats B,C,D,E & F are applicable in case of Transfer of Plot/Shed through GPA.

Transfer of Plot/Shed - In Case of Death

Following documents are required to be executed by Legal Heir(s) (other than Beneficiary/Transferee)/by the Beneficiary Legal Heir(s) on non-judicial stamp paper duly attested by Executive Magistrate Class-I:-
A. Affdavit
(Stamp Paper of Rs.15/-)
B. Affidavit
(Stamp paper of Rs.15/-)
C. Indemnity Bond
(on Stamp paper of Rs.20/-)
Transfer Fee..

No transfer fee is payable in case of transfer of Plot/Shed on the death of original allottee.

Execution of Lease Deed/Conveyance Deed

1.

Format of Lease Deed for Transferred Plots (F/7/65/00)

2.

Format of Conveyance Deed – Free-hold allotted plots (F/7/68/00)

3.

Format of Conveyance Deed – Free hold converted plots/sheds (F/7/70/00)

4.

Format of conveyance Deed – Free hold Allotted Transferred Plots (F/7/71/00)

5.

 Format Lease Deed for Sector-67, Mohali (F/7/133/00)
Permission to Mortgage

Permission to mortgage as 1st charge and sending of original lease deed to financial institution/bank.

Request letter from allottee for obtaining permission to mortgage and sending of original lease deed to concerned financial institution against 1st charge.

Request letter from concerned bank/financial institution addressed to Punjab Information & Communication Technology Corporation Limited requiring permission to mortgage as 1st Charge and sending of original lease deed to their institution. The bank should give following undertaking on their letter Head:-

 

(i)  Lease deed under no circumstances would be handed over by bank/Financial Institution to the allottee.
(ii)  Bank would directly return lease deed to Punjab Information & Communication Technology Corporation Limited on liquidation of credit facilities or at any time temporarily as & when demanded by Punjab Information & Communication Technology Corporation Limited.

If the allottee has already obtained permission to mortgage as 2nd/3rd charge(s) in favour of any Financial Institution/Bank, the former would also submit NOC/vacation of charge from the later while applying for permission to mortgage as 1st charge.

The Allottee shall furnish an Affidavit in the prescribed format duly attested by first class Magistrate.
Documents/formalities to be completed for obtaining permission to mortgage as 2nd or 3rd Charge.

Request letter from the allottee addressed to Punjab Information & Communication Technology Corporation Limited seeking permission to mortgage the lease rights of the Plot/Shed as 2nd or 3rd Charge in favour of a particular Financial Institution/Bank

If the allottee has already obtained permission to mortgage as 1st/2nd/3rd Charge(s) in favour of any Financial Institution/Bank, the former would also furnish NOC from the later while seeking permission to mortgage as 2nd or 3rd charge.

The Allottee shall furnish an Affidavit in the prescribed format duly attested by first class Magistrate.