Lahore Real Estate Forum

                                                          
 
Back to Forum |

general information,

(75419)
Wednesday, October 24, 2012 05:46 PM 

Property papers information
Hi,
i want to know some information about property papers.
I have searched through over internet but couldn't find any satisfactory answer.
I am in deal with a property dealer.I want to know that Q1:what is the value of allotment letter after selling the plot to 2nd person (1st trans-free).Does the value of allotment letter ended after 1st transfer and there is value of only transfer letter?
Q2:-If some person have only transfer letter of a plot.Will this be enough for the proof of owner for that plot in case of lda society ?

Experts answer required

Jameel replied on Thursday, October 25, 2012 05:04 AM 

u need to write the question, it is not clear. in normal dealing if u buy a plot from me then i have to present the original letter to office at time of transfer and officer have cross this letter many times to cancel it and keep in file. before u will get new allotment letter. it is not possible that i have a valid allotment letter anf new letter is issued in ur name.
in case due to some reason i keep original letter. and prpert is transferred to you by some fake documents mediated by xyz then i will have to prove in court and allotment letter issued at later stage will be cancelled by court order.

AZIZ KHAN replied on Thursday, October 25, 2012 08:29 AM 

I mean to say
what is the value of allotment letter (1st allotee--to whom plot is attoted) after selling the plot to 2nd person (2nd allotee).Does the value of allotment letter (1st allotment letter) ended after 1st transfer to 2nd person and is there value of only transfer letter (2nd allotment letter)?
Q2:-If some person have only transfer letter (2nd allotment letter ) of a plot.Will this be enough for the proof of owner for that plot in case of lda society ?or you need any other papers?

aziz khan replied on Thursday, October 25, 2012 04:24 PM 

@jamil bahi:Thx for replying but i want to know some more information.

Is there any importance of allotment letter (1st allotment letter) or evidence which was cancelled (after transfer to 2nd person).Will this be a part of my documents in my file or it does not matter to have it or not and will it impact on my property.

Jameel replied on Thursday, October 25, 2012 06:21 PM 

The photo Copy of 1st allotment letter should be part of file. But is is not mandatory, you can tell the seller to request LDA to give Copies from LDA office file, Also tell seller that I need NOC from LDA before transfer and get LDA NOC Clause fitted in the Biana stamp Document.
To get Full information full story is required for privacy purpose U might have mentioned different nick name like info seeker of LDA buyer etc.

aziz khan replied on Thursday, October 25, 2012 06:28 PM 

once again thx a lot jameel bahi,
will it be good time to buy plot in lda avenue?Kindly mention some good blocks and price?
2ndly plz mention some other good reliable societies other than bahria and dha
thx

Jameel replied on Friday, October 26, 2012 04:08 AM 

If You are working outside country then better buy somewhere else. When I Bought One 10 merla plot LDA avenue 1 in 2008 in 13 Lac, I Promised myself it will be my last purchase in LDA, They Let You make "Nak Ke Lakirain" To get a simple Voucher for Payment I had to Come to office 3,4 Times and each time they were telling Computer is down. Finally after 30 days effort I Got plot transferred to my name. Later on same plot was found to be occupied by Qabza Group near a village, Fortunately the seller was my friend and through Gental Man and we revered the deal and I had to lose transfer Charges only. Now same plot is still in 11 Lac after 4 years.
However LDA avenue 1 is Good society well Located and Price is low. it best Suits a person who is living in Lahore and Have time and experience to deal with and later can look after his property. LDA plots is nothing but hypertension.
Similarly to Buy a house in LDA i had to travel 3 times from UAE to Lahore and was very stressful deal. But Finally i feel satisfied living in this house.

aziz khan replied on Friday, October 26, 2012 09:04 AM 

But if you buy in some good location blocks like j,f,h,d,which were away from villages then i think it will be save investment.
What u will suggest other than lda avenue?which society? and price range?

Jameel replied on Friday, October 26, 2012 02:25 PM 

good luck, when u final the deal share with us.

aziz khan replied on Sunday, October 28, 2012 04:26 AM 

@jameel thx a lot,ok i will let you know when i will finalize my deal.
>