Property will be taken over by government if not registered in E-property Pass Book

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November 8, was not less than a nightmare for the nation when Prime Minister Narendra Modi announced demonetization of currency notes. To add on to this, here is another message that is circulated over social media to curb black money and corruption is: E-PROPERTY PASS BOOK (EPPB)

The Government of India is likely to launch E-Property Pass Book system (EPPB) from 1st April 2017 to facilitate linking the properties of all the people.

The message goes as such :

From 1/4/2017 all properties are invalid for one year. You can’t sell or buy any property until you register your properties in the E-Property Pass book.

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! Forwarded as received.

 

This means that all the property owners will have to get their property registered in E-Property Pass Book (EPPB) and a team of special officers will be there to enter property details in EPPB.  After the verification is done, the property will be of the owner. All the properties will be verified under EPPB.

This is one such clever move initiated by the government to bring down the black money which will further control the prices of the land.

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