Treasury to bear Rs.515 Mn in stamp duty, notary fees for Randora Urumaya deeds

The Treasury has agreed to grant Rs.515 million for the payment of stamp duty and notary fees to provide freehold deeds of apartment dwellers in the Colombo city. Urban Development and Housing Ministry Secretary W.S.Sathyananda said that allocation will be made for the purpose according to the approved budget limits.

This amount has been given by the Treasury for the grant of title deeds of three flats in Colombo, he said. The provision of freehold deeds for over 50,000 apartment owners in the Colombo district will begin on July 17, at Sugathadasa Indoor Stadium. Over 1,500 dwellers of Mihidu Sethpura, Sirisara Uyana, Metro Housing scheme and housing schemes belonging to the National Housing and Development Authority will benefit under the first phase of the programme.

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