How To Transfer Property in Noida?
By : Whitehat Realty
06 May 2025
- FAQs
FAQs
Yes, but you’ll need a No Objection Certificate (NOC) from the lending bank before the transfer process can proceed. The Authority won’t accept your application without it. Additionally, some banks may require you to clear the loan or get the buyer to assume the liability before issuing the NOC.
Absolutely. Leasehold properties require permission from the Noida Authority and often involve higher scrutiny and more formalities. Freehold properties, on the other hand, offer more straightforward transfer—often needing only registration at the Sub-Registrar office. Knowing the property’s legal status is essential before starting.
Yes, you can appoint someone through a registered Power of Attorney (PoA). This is especially useful if you're living abroad or in another city. But remember, the PoA must be registered and specifically mention the right to handle property transfers.
Yes. If you're transferring property through sale, gift, or inheritance, it can have capital gains tax or gift tax implications under the Income Tax Act. For instance, gifts to non-relatives above a certain value are taxable. It’s wise to consult a tax advisor.
You can—but it’s complicated. You’ll need to file an FIR, issue a newspaper ad about the loss, and get a duplicate certified copy from the Sub-Registrar. Only after that can you proceed with the property transfer process.
