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The Hindu
The Hindu
National
The Hindu Bureau

CREDAI challenges hike in fees for registering power of attorney and construction agreements

CREDAI Vijay Narayan Chennai

The Chennai chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI) has approached the Madras High Court challenging a Government Order issued on July 7, 2023, increasing the fee for registering a power of attorney executed in favour of a non-family member to sell an immovable property from a fixed amount of ₹10,000 to 1% of the market value of the property.

It has also challenged the increase in the fee for registering construction agreements from 1% to 3% of the cost of construction.

The First Division Bench of Chief Justice Sanjay V. Gangapurwala and Justice D. Bharatha Chakravarthy on Thursday ordered notice, returnable by January 5, to the Secretary of the Department of Commercial Taxes and Registration as well as the Inspector-General of Registration.

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