Faisalabad: The Faisalabad
Development Authority (FDA) recently announced the launch of the ‘Executive
Transfer of Properties System’ aimed at facilitating the smooth and swift
transfer of residential and commercial properties in the city, according to
news sources.
This decision was made public by Director General FDA Muhammad Suhail Khwaja. The DG further added that the new system would provide facilities similar to the National Database and Registration Authority (NADRA) and that applicants would be charged a fee to facilitate property transfers.
In order to complete the property transfer process, the applicants are required to submit NADRA verified copies of the CNIC of the seller and purchaser (including witnesses), clearance certificate from the town planning directorate, clearance certificate from the excise department, ownership clearance certificate, last paid bill of WASA, FBR active tax payers list status of seller and purchaser, receipts of transfer fee, withholding taxes, and stamp duty along with printed stamp papers.
He further informed that in case of transfer of properties on the basis of power of attorney or inheritance, the time period for executive transfers would be 10 days, instead of the current 30 days. However, he did add that this condition would only be applicable if no objection was raised by the general public in reply to these new regulations and systems.
