Get Salt Lake Land Transfer Gazette Notification

“The residents under Clause 20 can transfer their leasehold rights of property to the other party, after paying Rs 5 lakh per cottah to the state government.

Documents needed for converting leasehold property to freehold Copy of lease deed or sub-lease deed. Copy of sale of agreement. Copy of power of attorney. Possession proofs like property tax receipts. Demand/allotment letter given by the government. No objection certificate, if needed. General Power of Attorney (GPA)

KOLKATA: Apart from other areas of the state, lessees of land from government agencies now have the option to change the nature of their plots to freehold by paying a charge that ranges between 7.5% and 20% of the land value in Salt Lake, New Town, and some locations off the EM Bypass in Kolkata.

Necessary Documents: An application in Prescribed Format with requisite payment of process Fee for Conversion in court fee affixed on it or in cash, a copy of the registered deed of transfer, copy of the Rent Receipt showing the payment of upto date revenue of the land in question, copy of the Mutation Certificate, ...

You'll need to value the lease and serve notice on the freeholder with your formal offer. This can only be rejected if the notice is invalid, if not it will either be accepted, or negotiations will begin. Once again, if you can't reach an agreement, you can apply to a First-Tier Tribunal to have the matter settled.

On the expiration of the contract, the lessee has to either vacate the place or apply for an extension in lieu of a fee. On the contrary, a freehold property marks the absolute ownership of the property. ... To convert a leasehold to a freehold property, the lessee has to acquire the ownership title of the property.