IRWO: Important Notices For Allottees

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A Photograph of Chennai Housing Scheme

 

Important Notices For Allottees

new signNew housig Scheme has been opened for other Indian Nationals.

Following Group Housing Scheme has been opened for Railway employees and other Indian Nationals

1.Moradabad Ph.III.
2.Jaipur Ph.III.
3.Kota.
4.Sonepat Ph.II
5.Zirakpur Ph.II
6.Lucknow-Ph-IV
Priority shall be as under:-
(a). IRWO Members.
(b). Blood relations of IRWO Members viz. parents, spouse, children, grand children including adopted children, brother (s) & sister(s) including their spouses (as co-owners).
(c).Working/Retired.
i) Employees of Central Governing, Central Governing PSUs and employees of Statutory Authorities & Autonomous Bodies under Central Government.
ii) Army/Air Force/Naval Personnel.
iii) Employees of State Governments, State Government PSUs and employees of Statutory Authorities & Autonomous Bodies under State Government.
iv) Employees of Nationalised Banks.
(d) Other Indian Nationals

new signRevision or rate of delay Charges.

As per IRWO rules Delay Charges are payable by member in case of delay in payment of instalment by more than 7 days from the due date. Rate of Delay Charges are indicated in the Project Broucher at the time of Opening/Re opening of the scheme. Since rate of interest charged by banks on housing loan has been reduced, it has been decided that Delay Charges shall be payable at 9.50% p.a from 1/4/2008. However, percentage rate of delay charges shall be revised upward when the interest charged by banks on housing loan cross 9.50 % p.a. This is for the information of all the members of IRWO.

new signApplicability of GST from 1-7-2017.

Members are aware that GST is made applicable on variuos goods and services which includes construction services also from 1/7/2017. As per GST Act GST is payable in the follwing type of services at the rates indicated against each, Please click here for downloading details

new signRevision of Transfer Fee

In case of sale/transfer of DU, prior approval of IRWO is required. For seeking approval for transfer of DU, presently transfer fee is payable as under:-
i) Type I & II - Rs.10,000/- each by Transferer and Transferee.

ii)Type III – Rs.15,000/- each by Transferer and Transferee.

iii)Type-IV - Rs.20,000/- each by Transferer and Transferee.

Transfer fee in case of Transfer/Sale/Gift Deed have now been revised as under:-

a) In case of Transfer/Sale/Gift Deed following fee shall be charged:-
i) Type I & II – Rs.10,000/- each by Transferer and Transferee.

ii)Type-III - Rs.15,000/- each by Transferer and Transferee.

iii)Type-IV – Rs.20,000/- each by Transferer and Transferee

(b) In case of transfer within the Blood Relations as defined in Para 2(g) of IRWO General Rules, Transfer Fee payable by Transferer and Transferee shall be reduced by 50%. However, this concession shall be given only once. Full transfer fee shall be charged in case of subsequent transfers even within blood relations.

(c) In case of issue of NOCfor transfer after execution of Sale/Transfer Deed (Post facto), Transfer Fee shall be charged at double the rates as mentioned above. However, in respect of original allottee, reduction of fee from double to a lower value can be considered by IRWO on merits of the case

(d) No “Transfer Fee shall be charged in case transfer is on account of demise of the allottee/co-allottee and transferee is a blood relation as defined in Para 2(g) of IRWO General Rules”.


Payments of Instalments through RTGS
Relevant Instructions
Format in which Information is to be sent to IRWO through email

Aallottees remitting dues by RTGS must ensure that the Sender to Receiver Information – item (vi) of IRWO's instructions – is sent immediately to IRWO by post or preferably by email to agmfin at irwo.net to enable us to link the remittance. The information may be sent both if the RTGS request is handed over personally in the Remitting bank and also if the transaction is effected through Internet Banking.

Last Update : 15 April 2018