E-Property Pass Book (EPPB):
You may have received a forward message on social media and messengers that states that from 1/4/2017 all properties are invalid for one year and that you can't sell or buy any property until u register your properties in the E-Property Pass book.
The message states:
- EPPB will be linked with PAN, Aadhar online.
- Owner has to personally report with ownership proof to Sub Registrar office where spl officers will enter all your property details in EPPB.
- Once it is entered in EPPB your properties will become yours.
- They will have one more spl counter for emergency sellers, mortgagers, buyers where they can do exchange of properties but with full details of all properties.
- Upto 31/3/2018 all properties will be entered in EPPB.
- From 1/4/2018 Govt will take over the properties not entered in EPPB .
- Real Estate Surgical Strike on Black Assets!
We have checked with our sources and can confirm now that this forwarded message circulating on Whatsapp is not correct. Its a fake forwarded message. You may disregard it for now but we cannot rule out this move by our Govt. in future. So do keep an eye on this.