Summary:
The government may decide certain conversion fee for mutating leasehold property to freehold,” he said. After this, the applicant has to visit the stamps and registration department to complete the formalities of registration for freehold property. “For freehold property, the owners must submit a one-time lease rent, and the building’s construction should be as per the rules. At the same time, we hope that this should not lead to unbridled construction on freehold property, especially the small plots in residential sectors. The conversion from leasehold to freehold may take 45 days.Noida’s chief architect planner Satish Gaur said though the Noida board had approved the conversion, the final decision would be taken by the state government..