{"id":61914,"date":"2020-02-25T12:57:51","date_gmt":"2020-02-25T07:57:51","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61914"},"modified":"2020-02-25T15:57:19","modified_gmt":"2020-02-25T10:57:19","slug":"fda-new-system-speedup-property-transfers","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fda-new-system-speedup-property-transfers.html","title":{"rendered":"FDA launches system to speed up property transfer processes in societies, commercial areas"},"content":{"rendered":"\n<p>Faisalabad: The Faisalabad\nDevelopment Authority (FDA) recently announced the launch of the &#8216;Executive\nTransfer of Properties System&#8217; aimed at facilitating the smooth and swift\ntransfer of residential and commercial properties in the city, according to\nnews sources. <\/p>\n\n\n\n<p>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 <a href=\"https:\/\/www.zameen.com\/news\/rcb-to-raise-water-charges-property-transfer-tax.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"property transfers. (opens in a new tab)\">property transfers.<\/a> <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fda-retrieves-utility-plots-in-7-societies-seals-two-unapproved-projects.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FDA retrieves utility plots in 7 societies, seals two unapproved projects (opens in a new tab)\">FDA retrieves utility plots in 7 societies, seals two unapproved projects<\/a><\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fda-dg-updates-parliamentarians-action-taken-against-illegal-societies.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FDA DG updates parliamentarians on action taken against illegal societies (opens in a new tab)\">FDA DG updates parliamentarians on action taken against illegal societies<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Faisalabad: The Faisalabad Development Authority (FDA) recently announced the launch of the &#8216;Executive Transfer of Properties System&#8217; 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. Read: FDA retrieves utility plots in 7 societies, seals two unapproved projects 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.&hellip;<\/p>\n","protected":false},"author":77,"featured_media":37507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15017],"tags":[3940,14098,10229],"persona":[],"class_list":{"0":"post-61914","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-notices-announcements","9":"tag-fda","10":"tag-fda-requests-funds-release-for-faisalabad-master-plan-draft-completion","11":"tag-property-transfer","12":"cat-15015-id","13":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FDA&#039;s new system to speed up property transfers - Zameen News<\/title>\n<meta name=\"description\" content=\"The Faisalabad Development Authority (FDA) recently announced the launch of the &#039;Executive Transfer of Properties System&#039; aimed at facilitating the smooth and swift transfer of residential and commercial properties.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fda-new-system-speedup-property-transfers.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FDA&#039;s new system to speed up property transfers - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Faisalabad Development Authority (FDA) recently announced the launch of the &#039;Executive Transfer of Properties System&#039; aimed at facilitating the smooth and swift transfer of residential and commercial properties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fda-new-system-speedup-property-transfers.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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