JAMMU, Nov 22: After scrapping big currency notes to curb black money in the structure, unconfirmed reports are trolling the market that Modi Government is planning to attack "Benami property" from 2017 April.
If it is true, then content available with Cross Town News can state how that decision can be implemented, which is likely to help in reducing remarakably the rising property prices in India.
"From 1/4/2017 all properties are invalid for one year. You can't sell or buy any property until u register your properties in the E-Property Pass book and EPPB will be linked with PAN, Aadhar online.
Owner has to personally report with ownership proof to Sub Registrar office where Special officers will enter all your property details in EPPB, once it is entered in EPPB your properties will become yours.
There is likely to be one more special counter for emergency sellers, mortgagers, buyers where they can do exchange of properties but with full details of all properties.
Within a year, all properties will be entered in EPPB and those not enetred in EPPB, Government will take charge of those properties and then utilize them for various services"
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