Registration of uds for flat

Dear Friend , This is your own collegue P.Elamaran,

Friend, It has been a continuous practice in Tamil Nadu and other south Indian states that only the UDS Portion is registered. Even almost all lending institution normally accept this kind of legal arrangement. I think this practice is not only followed in T.N but also in the rest of the country.

All builders across India do this to evade stamp duty, it is accepted even by all PSU Banks in India. What is paramount importance is getting a Certificate of Handing Over of Possession issued by the builder concerned. If you get it, then it will be a conclusive proof for utilisation of loan amount. And, you can submit the same to the dealing Section in the Company.

With warm regards.