New property cards for flat owners across Maharashtra

PUNE: All flat owners in the state will soon get additional property cards, That contains details such as carpet area, amenity space and bank loan information, along with their 7/12 extracts.

The 7/12 extract is an extract of the property register maintained by the revenue department of the governments of Maharashtra. In rural areas, the ownership of a particular Plot of land can be established on the basis of the 7/12 extract.

The Maharashtra government on Wednesday released the “vertical property rules” to create a database of all flats, homes and commercial complexes in a bid to check fraudulent transactions. “The government will soon put up the draft for instructions and objections,”  said by a senior government official.

The Settlement Commissionerate and Directorate of Land Records had been pushing the proposal to ensure that city survey offices in urban areas and collectorates in the rural belt have detailed records of all vertical properties-flats, buildings and commercial complexes.

At now, Maharashtra has nearly 56 lakh property cards in urban areas and around 2.5 crore 7/12 extracts in the rural belt with details of the horizontal properties.

Said by settlement commissioner and director of land records S Chockalingam “This will be a path-breaking initiative. The vertical property rules, cleared by the state government, This will help create property records of all flats. This may be the first-of-its-kind initiative in the country,”. The proposal will provide property buyers and sellers, as well as government departments, with firm ownership records. This will also protect the property owners’ rights.

Chockalingam said the “Vertical property rules” will prevent from property-related frauds, where one flat or commercial unit is sold or mortgaged to multiple buyers or financial institutions. “The commissionerate had sent a proposal to the state government to formulate the Maharashtra Land Revenue Record of Rights and Registers for Apartments and Buildings rules under the Maharashtra Land Revenue Code (MLRC), 1966,” they said.

Administration officials said that no government authority maintained ownership records of vertical properties because the evidence of ownership has to be proved through a chain of documents, such as agreements with builders or society records.

A senior official said, “With the new development, the present property cards of 7/12 extracts will become the principal documents of ownership. Besides, there will be an additional supplementary property card. Both the cards will be announced together.”

They said, once the rules are approved, the board will launch pilot projects individually in the urban and rural regions. “The respective departments will have to conduct a survey by visiting each individual building. It will be initially difficult, as the entire process will be manual. We will eventually work out a mechanism to update the details online,”.

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