Thumb prints and pictures of the buyers and sellers will be taken and the records would be saved along with the property record to prove the legitimacy of the transaction. PHOTO: FILE
LAHORE:
The city district government (CDGL) is set to launch an electronic registration deed centre in one week. This is a replica of Faislabad’s model of Computerised Deed Registration System.
The centre for electronic registration of sales deeds, modeled after a similar centre in Faisalabad, aims at preventing fraudulent transfers. The centre would be set up at the DCO’s office.
Thumb prints and pictures of the buyers and sellers will be taken and the records would be saved along with the property record to prove the legitimacy of the transaction.
A Rs70 transfer would be charged. No sale and purchase of property would take place without the physical presence of buyers and sellers who would be required to bring their original identity cards.
Three cabins will be set up for the purpose; two on the first floor and one at the ground floor.
The centre will have a direct link to the NADRA to verify the identity cards.
IT Coordinator Waqas Asghar Ali told The Express Tribune, “This will not require lawyers. The buyer(s) and the seller(s) will be able to make the transaction.”
The new registration system is optional.
The manual transfer of property ownership will continue alongside.
The e-registration deed centre would remain open from 8am to 4pm. In the beginning, the centre would cater only to Data Gunj Baksh Town, Iqbal Town and Samanabad Town.
Sub-registrars of these towns would be present at the centre during office hours. Officials said that the district administration planned on opening at least two more centres.
District Coordination Officer Naseem Sadiq said there was a dire need for such a system in the city. He said that he had introduced the system in Faisalabad where it had been a success.
He said that only one fake transfer that took place in Faisalabad in 18 months.
“Those involved in the fake transfer were detected only in one hour,” he said.
He said out of the Rs70 charged for the transaction, out of which Rs25 was for NADRA verification, Rs10 for photocopies, Rs10 for pictures and remaining other miscellaneous expenses including generators.
Published in The Express Tribune, July 27th, 2013.
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