|
 |
sellers guide
Transfer of Plots
The transfer of open plots, un-leased Seaview
Apartments, Darakhshan Villas, Shops & Creek Vista Apartments is carried
out in any of the following manner:-
- Normal transfer.
- Transfer by Gift / Hiba Zabani Bila Ewaz.
- Transfer to legal heirs.
Transfer Procedure
-
Transfer documents
as per instruction slip are submitted one day in advance along with
required documents. Sign Before is executed the following day subject
to scrutiny.
-
Personal appearance
of owner (transferor) is mandatory before DHA designated officer at
the time of Sign Before.
-
Transferor must be
in possession of valid original ID documents (CNIC, NICOP, POC etc
or valid Passport (for foreigners).
-
Where ‘A’
lease has been executed, transfer cannot be executed till the said
lease is surrendered through a Surrender Deed ( Not applicable in
case of transfer to Legal heirs).
Inability of Personal Appearance
for Sign Before
DHA provides facility to owners who cannot appear
for Sign Before at DHA, to request for DHA designated officer to complete
the required procedure at their residence either within or outside Pakistan.
All expenses (Traveling, Boarding, Lodging and DHA service charges) are
payable by the applicant.
Attestation of Documents -Overseas Members
Members (owner) residing Overseas desiring to
transfer the property may submit transfer documents duly attested by concerned
Pakistan mission abroad provided that their membership is updated/renewed
in DHA record through personal appearance.
Guiding Principles for sellers
-
First take a decision
whether to sell the property or not. If the financial requirement
can be met with out disposing off the property, then do not sell it
as the property value continues appreciating with the passage of time.
Selling can also be dictated by investment in lower cost properties
for real capital value additions.
-
Once a decision has
been made to dispose off the property, contact reliable sources to
find out its existing market value. Do not give the plot number; instead
just give the belt, street, phase and the size of the plot i.e 3rd
belt, Street No.15, Phase-VIII Measuring 500 sq yds.
-
Find out from friends,
colleagues and other sources about contacts of reputed property agents.
Once the approximate price value is determined, contact the best property/real
estate agent and task him for the demand value. The demand value should
be approximately five hundred thousand higher than the existing market
value. Meanwhile do not contact any other agent. Wait for his response.
Once a reasonable offer is received accept the offer on the condition
that the name of the purchaser will be mentioned on the advance agreement
in order to avoid the chances of re-sale of the deal and off-loading
of property in number of hands.
-
Never agree to transfer
of property to a person who will be later nominated as it is the beginning
to re-sale property in number of hands.
-
Bind the time limit
in the agreement of not more than 15 days from the day advance against
the plot is received and give a definite last date i.e. 15th July
2009, after which the seller is at liberty to sell the property to
any one else.
-
Ensure to include
the clause in the advance agreement that if the buyer fails to make
the balance payment by last date then the advance money received by
seller will be confiscated and similarly if the seller refuses to
transfer the said property then he will return the double of the advance
(Bayana) received. (Ensure all payments are made through bank pay
order/drafts).
-
Ask the agent/buyer
to provide a photocopy of bank pay orders or bank draft for out station
to seller for confirmation of ready payment at least a day earlier
than last date. Get these verified from concerned banks.
-
In case the buyer
does not respond by last date make sure you present your self at DHA
transfer office and get your presence recorded under the camera and
give an application of complete details with a copy of advance agreement.
This will help in reselling of plot and a safe guard against any legal
action from unsuccessful buyer.
-
For successful deals
ask the real estate agent to deposit transfer papers at DHA a day
prior to the date of transfer. Original Intimation Letter or allotment
letter or transfer order has to be attached with the transfer papers.
On the next working day present yourself before the DHA designated
officer for “Sign Before”, ensure to carry along original
CNIC and DHA membership card, also the service card in case of service
personnel. You will be photographed while affixing thumb impression.
-
After the signing
before the complete set of transfer documents alongwith cancelled
transfer order/allotment letter will be returned in the hands of seller,
hand over the documents to buyer on receipt of payment/bank pay orders
or drafts.
-
To take special care
of you, DHA Karachi provides additional security measures to sellers
that inspite of signing before in front of DHA designated officer
the property ownership remains your’s as long as the set of
transfer documents remains in your custody. In case of dispute the
property can be revalidated in your name within the specified period.
However no claim will be entertained once the set of transfer documents
are in possession of buyer.
-
DHA Transfer and
Record Directorate functions six days a week except 1st and 3rd Saturday
of the month to provide information and address any grievances. An
experienced nucleus of staff with strong professional and personal
integrity bonafides are functioning with duty and service. DHA remain
committed to efficient, swift and effective transfer and purchase
procedure not practiced else where. This is the singular most importance
reason for real estate credibility of DHA and to this end remains
its commitment. Public dealing is very sensitive subject where every
one expects to get priority over others. However best efforts are
made to take care of every one with the motto “To ensure each
visitor goes back satisfied if the work is legal and within the rules
regulations”.
|
|
|
|
