The Maharashtra government has appointed a committee of senior officials to prepare ‘Vertical Property Rules’. These rules will allow flat owners across the state to make separate entries in the 7/12 extract and property papers.
An eight-member committee headed by Vikas Kharge, Additional Chief Secretary (Revenue), will study such laws in other states and submit its report within a month.
This committee includes secretaries of the departments of Cooperation, Urban Development, Law and Justice, Rural Development, as well as officials like Settlement Commissioner and Director of Land Records, Inspector General of Registration and Stamps and Joint Secretary of Land Survey in the Revenue Department.
This committee will also prepare a draft of the proposed law, which will make it possible to make separate entries in the 7/12 extract and property papers.
The process will also consider the land on which the building stands and areas reserved for general use. The proposal submitted by the Settlement Commissioner in this regard will also be placed before the committee for consideration.
Currently, property is recorded in government records through registration of sale deed, inheritance or lease.
However, difficulties have arisen due to lack of consensus on recording the names of each individual flat holder in buildings built on a particular plot.
The committee has been appointed to record the names of individual flat holders in the property register in multi-storey buildings, the government decision (GR) released stated.
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