Top City 1 File Transfer Process, Possession, and Water Connection Procedure
Top City 1 is a unique and luxurious project that offers a mix of residential and commercial plots. The society is ideally located at the prestigious location of the M-1 and M-2 motorways. It is a magnificent housing society from Dynast Associates and acts as a fine investment opportunity near Islamabad International Airport. Top City 1 has introduced a simple file transfer procedure for its members and this blog guides you through its process. Top City 1 file transfer process involves different steps for sellers as well as buyers.
In this blog, we will completely explain the file transfer process, plot possession procedure, and water connection process, so without any further ado, let’s start!
Top City 1 File Transfer Process
For regular transfer, certain documents are required from sellers and buyers; they need to submit complete documents as mentioned below for the process of transfer of residential or commercial plots. Furthermore, both the seller and purchaser need to present at the head office of Top City 1 to complete the transfer process.
Regular Transfer Process
Given below are the steps for both buyers and sellers to complete the transfer process
Documents Required by Seller
First of all, the seller has to present an account statement against their plot. For this purpose, a seller needs to clear all the remaining dues and objections before starting the transfer process.
The following documents will be required from the seller for the Top City 1 file transfer process:
- Seller needs to acquire and duly fill out the “Seller Application Form” that can be collected from the head office, transfer office, and authorized dealers of Top City 1 Housing Society.
- Secondly, an affidavit is required from seller, the stamp paper worth a minimum of Rs. 50 should be purchased for this purpose.
- If applicable, seller needs to submit the previous Stamp Duty collection.
- Seller also needs to submit the Advance Income Tax (236-C-FBR) if the transfer is between four years of the original purchase. The Advance Income Tax (as per the sale agreement value or FBR whichever is higher) is as follows:
- Filer: 2%
- Non-Filer: 7%
- Seller also needs to withdraw the original allotment letter.
- Original and Computerized Identity Card and Signature Verification.
- Lastly, seller must be present personally at transfer office for the completion of transfer process.
Documents Required by Buyer
- Firstly, the buyer needs to obtain the “Purchaser Application Form” which can be collected from the head office, transfer office, or authorized dealers of the society.
- 2 latest passport-sized photos.
- Original Computerized Identity Card and signature verification.
- Buyer’s undertaking, minimum Rs. 50 stamp paper is to be used for the undertaking.
- Buyer needs to submit the stamp duty collection (1% of DC value or sales agreement value, whichever is higher) to the Bank of Punjab Rawalpindi (PRA).
- Advance income tax is also applicable on buyers as per the policy 236k – FBR which is 1% for Filer and 2% for Non-Filer. This tax is to be paid as per FBR prescribed value or Sale Agreement Value, whichever is higher.
- Buyer also needs to submit the Sale Agreement under section 5cc with a minimum of Rs. 1,200 stamp paper. The format is available at the transfer office or authorized dealers.
Top City 1 File Transfer Process Fee
The processing fee is not permanent; it changes according to the plot size and society policy from time to time. However, it will be paid by the purchaser as allotted by the society policy as per the size and category of plots/property.
Provision of New Allotment Letter
After the submission of all the required documents and protocols mentioned above and the success of file transfer process. The buyer/new allottee will get a notification in the form of an SMS or call from the transfer office when the new allotment letter is issued. They can collect new allotment letters from the transfer office or the Top City 1 Site office.
The procedure of Booking/Sales of New Residential or Commercial Plots
Top City 1 is an exquisite housing project that provides residential and commercial plots in different sizes and categories to facilitate investors as well as end users. Here is the complete procedure and documents required for sale and purchase of new plots in Top City 1.
Following are the two types of purchasers as specified by the company:
- Individual Purchases
- Company Purchases
Documents Required for Individual Purchasers
- Copy of latest CNIC of Purchaser and Nominees.
- 2 passport-sized photographs of purchaser.
- Duly filled, Signed, and thumb impression application form of Top City 1 Housing society.
- Buyers can purchase the application form from the Top City 1 offices and authorized dealers.
- Submission of the required payment in the form of a payment order, bank draft, or online transaction.
Documents Required for Company Purchases
- A request of requirement of residential or commercial plots on company’s original letterhead.
- Company also needs to submit the Memorandum of Article.
- CNIC copies of all the members working under the company.
- Company Registration Certification and NTN is also required by the society.
Steps to Follow for the Purchase of Plots
- Clients are required to visit the society’s head office for selection before submitting any information or documents.
- Duly fill out the application form with the correct details.
- Submit the application form along with all the required documents.
Documents Required for Possession
Customers can apply for the possession of plots in Top City 1 by submitting the following documents at the offices of the society:
- Duly filled and signed possession application.
- Statement of Undertaking if required by the society.
- Copy of latest CNIC.
- 1 Copy of Allotment Letter.
Steps to Follow for Possession
Follow the following steps to obtain the possession of plots in Top City 1:
- Consumers need to submit the signed application form and mentioned documents to the head of Possession office. They will issue and provide the account statement to the customers.
- You can download the application form below:
- Customers need to clear any remaining dues.
- All extra charges should be cleared when applying for possession if applicable.
- Society will inform the customers when possession letter is issued; they can collect the letter from the possessing officer.
Top City 1 Water Connection Procedure
Follow the following guidelines to get a water pipeline connection for your property in Top City 1:
- Acquire and fill the water connection application to the water supply department of society.
- The client needs to supply the water connection accessories to the water supply department within 1 week of application.
- Clients need to provide a connection after receiving the accessories. This needs to be done within 2 days from accessory submission.
- Top City 1 installs the water connection without any cost.
You may download the water connection application form below:
Top City 1 Bank Account Details
Customers who need to deposit payments/installments or dues should send payment to the official account whose details are mentioned below:
- Bank Name: Bank of Punjab.
- Branch Name: BOP-0283, G-11 Markaz, Islamabad.
- Title of the Account: Dynast Associates (TOPCITY-1)
- Account Number: 6010061488300017
- IBAN: PK34BPUN6010061488300017
- Currency Code: PKR
Conclusion
We have explained Top City 1 File transfer process, possession process, and water connection procedure in this blog. We have also discussed the process in detail along with the documents required for each procedure of Top City 1. We are here to assist you if you need any information or help regarding the transfer process, possession process, or water connection procedure.
Top City 1 is one of a kind luxury and developed housing project by Dynast Associates in the Federal Capital. The society offers a variety of residential and commercial plots. Get in touch with us via call/Whatsapp at +92-345-5222253/+92-333-0166664 if you want more information or if you want to purchase plots in this highly demanded-housing society!
