Chandigarh; In a serious pro-people determination of the Aam Aadmi Get together authorities, pursued successfully by Mohali MLA Kulwant Singh, vital reduction has been supplied to members of cooperative housing societies. Because of this determination, 24 cooperative housing societies and greater than 7,000 flat house owners have been instantly benefited.
The Punjab Authorities had earlier issued a notification dated December 20, 2025, making it necessary for all housing cooperative societies and different cooperative societies registered beneath the Punjab Cooperative Societies Act, 1961, which allot immovable properties equivalent to plots and flats to their members, to get such properties registered with the Income Division beneath the Registration Act, 1908.
As per the provisions of that notification, unique or first allottees had been granted full exemption from stamp responsibility in the event that they received their properties registered inside 90 days. Nonetheless, subsequent consumers or allottees had been required to pay 50 % stamp responsibility, supplied the registration was accomplished inside 120 days of the issuance of the notification.
Following the issuance of this notification, there was widespread resentment amongst subsequent allottees and consumers, who argued that those that had been allottees or property house owners as on the date of the notification also needs to be handled as unique allottees and granted full exemption from stamp responsibility. Since a majority of home constructing cooperative societies in Punjab are positioned in Mohali, a lot of members of those societies met Mohali MLA Kulwant Singh repeatedly from the very date of the notification and urged him to intervene and safe reduction for them. Throughout a number of conferences with society members, the MLA constantly assured them that he would take up the matter with the federal government and guarantee substantial reduction.
Because of these sustained efforts, the Punjab Authorities issued a contemporary notification on 12.01.2026, granting main reduction to subsequent allottees and consumers. Beneath this revised notification, property house owners who get their properties registered as much as 31 January 2026 can be required to pay just one % stamp responsibility. Those that register their properties between 1 February 2026 and 28 February 2026 should pay stamp responsibility on the price of two %, whereas registrations accomplished between 1 March 2026 and 31 March 2026 will entice stamp responsibility on the price of three %. Property house owners who fail to get their properties registered by 31 March 2026 can be required to pay full stamp responsibility as per the relevant guidelines.
Aside from the reduction in stamp responsibility, the involved property house owners of cooperative societies have additionally been granted full exemption from SIC, PIDB and SIDF expenses, whereas the registration payment on the price of 1 % will stay payable as per guidelines. On account of this vital reduction, there’s a wave of happiness amongst property house owners of cooperative home constructing societies. Consequently, a lot of representatives of assorted cooperative societies met Mohali MLA Kulwant Singh right this moment to precise their gratitude.
Talking on the event, the MLA mentioned that he would additional pursue with the federal government that these property house owners who buy stamp responsibility certificates and submit their paperwork to the involved Sub-Registrar by 31 January 2026, however whose registrations are delayed for causes past their management, ought to proceed to be charged stamp responsibility on the price of 1 % even when their registrations are accomplished after that date. He additionally mentioned that if home constructing cooperative societies trigger undue delay in offering necessary paperwork equivalent to NDCs or NOCs, the Punjab Cooperation Division ought to appoint Particular Registrars at its personal degree to make sure that the registrations of such properties are accomplished with out hardship to the allottees.
