Tuesday, December 28, 2010

AMOUNT TO BE REMITTED FOR JANUARY 2011

HAPPY NEW YEAR TO ALL
AMOUNT TO BE REMITTED FOR JANUARY 2011

Sl. No.Chitty No.Inst. No.Inst. dateInst. amountPrized no.
1
17/2007
40
05.01.2011
1,000
44
2
10/2009
18
05.01.2011
2,375
18
3
20/2009
14
05.01.2011
3,750
96
4
05/2010
10
05.01.2011
4,560
28
5
10/2007
42
06.01.2011
1,000
14
6
10/2008
32
06.01.2011
5,000
08
7
04/2009
24
06.01.2011
2,222
23
8
08/2009
20
06.01.2011
4,500
16
9
01/2010
12
06.01.2011
2,300
25
10
18/2007
40
07.01.2011
1,000
15
11
10/2010
06
07.01.2011
1,875
02
12
11/2007
41
10.01.2011
0,950
47
13
01/2008
37
10.01.2011
0,970
29
14
02/2008
37
10.01.2011
2,500
13
15
15/2010
04
10.01.2011
2,037
08
16
01/2009
25
10.01.2011
9,100
08
17
02/2010
12
10.01.2011
8,250
37
18
11/2010
05
10.01.2011
0,868
09
19
12/2010
05
10.01.2011
2,100
09
20
19/2010
41
10.01.2011
1,875
35
21
09/2009
20
10.01.2011
0,927
26
22
05/2009
24
11.01.2011
0,919
17
23
02/2007
49
12.01.2011
1,000
38
24
06/2009
24
12.01.2011
3,750
11
25
07/2007
47
13.01.2011
1,000
24
26
20/2008
26
13.01.2011
2,471
39
27
02/2009
25
13.01.2011
0,940
16
28
19/2008
28
14.01.2011
0,998
40
29
14/2009
17
14.01.2011
2,425
31
30
15/2009
17
14.01.2011
0,937
05
31
19/2009
16
14.01.2011
2,225
18
32
18/2009
16
14.01.2011
20,000
03
33
12/2006
50
15.01.2011
1,000
50
34
14/2008
29
15.01.2011
0,945
21
35
17/2008
28
15.01.2011
4,508
40
36
13/2010
05
15.01.2011
4,350
32
37
04/2008
36
17.01.2011
0,750
55
38
09/2008
35
17.01.2011
0,999
04
39
13/2008
29
17.01.2011
2,498
15
40
16/2008
28
17.01.2011
2,472
34
41
18/2008
28
17.01.2011
0,750
46
42
23/2009
14
17.01.2011
2,300
16
43
22/2009
14
17.01.2011
1,000
22
44
03/2010
12
17.01.2011
4,575
37
45
07/2010
08
17.01.2011
0,827
38
46
09/2010
07
17.01.2011
18,720
24
47
17/2010
04
17.01.2011
0,750
17
48
18/2010
04
17.01.2011
8,815
03
49
05/2008
36
18.01.2011
2,500
05
50
07/2009
21
18.01.2011
2,447
39
51
11/2009
18
18.01.2011
0,915
07
52
12/2009
18
18.01.2011
2,316
15
53
14/2010
05
18.01.2011
7,500
18
54
08/2008
35
19.01.2011
2,500
18
55
11/2008
32
19.01.2011
2,500
04
56
16/2009
17
19.01.2011
4,850
13
57
17/2009
17
19.01.2011
9,358
36
58
12/2008
30
20.01.2011
4,872
12
59
03/2009
25
20.01.2011
4,750
04
60
04/2010
12
20.01.2011
0,908
29
61
14/2007
41
21.01.2011
1,000
10
62
06/2010
09
21.01.2011
2,242
16
63
19/2007
38
22.01.2011
10,000
15
64
03/2008
37
22.01.2011
5,000
18
65
06/2008
36
22.01.2011
2,500
04
66
07/2008
36
22.01.2011
1,000
06
67
15/2008
28
22.01.2011
20,000
09
68
13/2009
18
22.01.2011
4,650
19
69
21/2009
14
24.01.2011
4,050
16
70
08/2010
08
24.01.2011
4,337
16
71
16/2010
04
24.01.2010
4,125
08


























Holidays for the Month : 02;08;09;16;23;26,30.

PRAVASIBANDHUCHITTIKAL 2010 LAUNCHED - ATTRACTIVE PRIZES TO BE WON


Wednesday, November 24, 2010

AMOUNT TO BE REMITTED FOR DECEMBER 2010

MERRY X MAS AND HAPPY NEW YEAR


AMOUNT TO BE REMITTED FOR DECEMBER 2010




Sl. no.Chitty no.Inst. no.Inst. dateInst. amountPrized no.
110/20074106.Dec.20101,00008
217/20073906.Dec.20101,00039
310/20083106.Dec.20105,00020
404/20092306.Dec.20102,32505
508/20091906.Dec.20104,49840
610/20091706.Dec.20102,50040
720/20091306.Dec.20103,75061
801/20101106.Dec.20102,25040
905/20100906.Dec.20104,73318
1018/20073907.Dec.20101,00018
1110/20100507.Dec.20101,87512
1209/20065008.Dec.20101,00034
1301/20083608.Dec.20101,00049
1402/20083608.Dec.20102,50029
1515/20100308.Dec.20101,90009
1601/20092409.Dec.20109,87513
1702/20101109.Dec.20108,27003
1811/20100409.Dec.20100,85416
1912/20100409.Dec.20102,24840
2011/20074010.Dec.20100,99027
2109/20091910.Dec.20100,93634
2202/20074813.Dec.20101,00030
2307/20074613.Dec.20101,00030
2412/20074013.Dec.20102,50020
2520/20082513.Dec.20102,44213
2602/20092413.Dec.20100,98315
2705/20092313.Dec.20100,94934
2806/20092313.Dec.20103,75060
2919/20082714.Dec.20100,82931
3014/20091614.Dec.20102,43714
3115/20091614.Dec.20100,94609
3219/20091514.Dec.20102,24508
3318/20091514.Dec.201019,67610
3412/20064915.Dec.20101,00030
3514/20082815.Dec.20100,93238
3617/20082715.Dec.20104,66416
3713/20100415.Dec.20104,10018
3813/20074017.Dec.20105,00012
3904/20083517.Dec.20100,75008
4009/20083417.Dec.20101,00042
4113/20082817.Dec.20102,43705
4216/20082717.Dec.20102,39923
4318/20082717.Dec.20100,75040
4423/20091317.Dec.20102,37237
4522/20091317.Dec.20100,93449
4603/20101117.Dec.20104,69525
4707/20100717.Dec.20100,76035
4809/20100617.Dec.201018,58019
4917/20100317.Dec.20100,75014
5018/20100317.Dec.20108,24004
5105/20083518.Dec.20102,50016
5207/20092018.Dec.20102,36336
5311/20091718.Dec.20100,94813
5412/20091718.Dec.20102,19806
5514/20100418.Dec.20107,50019
5608/20083420.Dec.20102,49722
5711/20083120.Dec.20102,50024
5812/20082920.Dec.20104,87540
5903/20092420.Dec.20104,96309
6016/20091620.Dec.20104,85022
6117/20091620.Dec.20109,21117
6204/20101120.Dec.20100,85941
6314/20074021.Dec.20101,00003
6415/20074021.Dec.20102,50002
6506/20100821.Dec.20102,11924
6619/20073722.Dec.201010,00026
6703/20083622.Dec.20105,00003
6806/20083522.Dec.20102,50013
6907/20083522.Dec.20101,00012
7015/20082722.Dec.201020,00003
7113/20091722.Dec.20104,67536
7221/20091323.Dec.20104,22512
7308/20100723.Dec.20104,48538
7416/20100323.Dec.20103,75034





Holidays for the Month : 05;11;12;16;19;25;26.

Thursday, October 28, 2010

Amount to be remitted for November 2010

DEEPAVALI GREETINGS TO ALL
AMOUNT TO BE REMITTED FOR NOVEMBER 2010

Sl. no.Chitty no.Inst. no.Inst. dateInst. amountPrized no.
110/20074006.Nov.20101,00025
217/20073806.Nov.20101,00008
310/20083006.Nov.20105,00019
404/20092206.Nov.20102,27322
508/20091806.Nov.20104,50622
610/20091606.Nov.20102,24607
720/20091206.Nov.20103,75018
801/20101006.Nov.20102,12527
905/20100806.Nov.20104,74516
1009/20064908.Nov.20101,00007
1108/20074008.Nov.20105,00002
1209/20074008.Nov.20102,50021
1318/20073808.Nov.20101,00025
1401/20083508.Nov.20100,96021
1502/20083508.Nov.20102,50009
1610/20100408.Nov.20101,89828
1715/20100208.Nov.20102,11313
1801/20092309.Nov.20108,88806
1902/20101009.Nov.20108.62513
2011/20100309.Nov.20100,88042
2112/20100309.Nov.20101,87535
2211/20073910.Nov.20100,97249
2309/20091810.Nov.20100,93430
2405/20092211.Nov.20100,95915
2502/20074712.Nov.20101,00003
2612/20073912.Nov.20102,50018
2706/20092212.Nov.20103,75056
2812/20064815.Nov.20101,00021
2907/20074515.Nov.20101,00010
3014/20082715.Nov.20100,91422
3119/20082615.Nov.20100,94802
3217/20082615.Nov.20104,64046
3320/20082415.Nov.20102,47124
3402/20092315.Nov.20100,92603
3514/20091515.Nov.20102,43824
3615/20091515.Nov.20100,96816
3718/20091415.Nov.201019,64017
3819/20091415.Nov.20102,27534
3913/20100315.Nov.20104,87530
4013/20073916.Nov.20105,00039
4117/20100216.Nov.20100,75045
4204/20083416.Nov.20100,75017
4313/20082716.Nov.20102,37509
4403/20101016.Nov.20104,50036
4507/20100616.Nov.20100,82617
4618/20101818.Nov.20108,80018
4705/20083418.Nov.20102,50018
4809/20083318.Nov.20101,00046
4916/20082618.Nov.20102,42528
5018/20082618.Nov.20100,75048
5107/20091918.Nov.20102,43235
5211/20091618.Nov.20101,00004
5312/20091618.Nov.20102,24739
5423/20091218.Nov.20102,29014
5522/20091218.Nov.20100,94828
5609/20100518.Nov.201018,88025
5714/20100318.Nov.20107,50043
5808/20083319.Nov.20102,41333
5911/20083019.Nov.20102,47340
6016/20091519.Nov.20104,91508
6117/20091519.Nov.20108,87507
6212/20082820.Nov.20104,74929
6303/20092320.Nov.20104,97433
6404/20101020.Nov.20100,84004
6514/20073922.Nov.20101,00012
6615/20073922.Nov.20102,49918
6719/20073622.Nov.201010,00010
6803/20083522.Nov.20105,00035
6906/20083422.Nov.20102,50034
7007/20083422.Nov.20101,00049
7115/20082622.Nov.201020,00018
7213/20091622.Nov.20104,68530
7306/20100722.Nov.20102,17529
7421/20091223.Nov.20104,28732
7508/20100623.Nov.20104,25017
7616/20100223.Nov.20103,75039




Holidays for the Month : 05;07;13;14;17;21;28.

Friday, September 24, 2010

DEEPAVALI GREETINGS TO ALL


AMOUNT TO BE REMITTED FOR OCTOBER 2010

Sl. no.Chitty no.Inst. no.Inst. dateInst. amountPrized no.
117/20073705.Oct.20101,00021
210/20091505.Oct.20102,10037
320/20091105.Oct.20103,75002
405/20100705.Oct.20104,60014
510/20073906.Oct.20100,97244
610/20082906.Oct.20105,00017
704/20092106.Oct.20102,40012
808/20091706.Oct.20104,50002
901/20100906.Oct.20102,12424
1008/20073907.Oct.20105,00014
1109/20073907.Oct.20102,50012
1218/20073707.Oct.20100,99829
1310/20100307.Oct.20101,87505
1409/20064808.Oct.20101,00030
1501/20083408.Oct.20100,97727
1602/20083408.Oct.20102,50012
1711/20073811.Oct.20100,97237
1801/20092211.Oct.20109,92302
1905/20092111.Oct.20100,97528
2009/20091711.Oct.20100,93011
2102/20100911.Oct.20108,55033
2211/20100211.Oct.20100,85607
2312/20100211.Oct.20101,87502
2402/20074612.Oct.20101,00017
2512/20073812.Oct.20102,50032
2606/20092112.Oct.20103,75048
2707/20074413.Oct.20101,00044
2820/20082313.Oct.20102,47217
2902/20092213.Oct.20100,91049
3019/20082514.Octg.20100,88806
3115/20091414.Oct.20100,98915
3214/20091414.Oct.20102,47006
3319/20091314.Oct.20102,27516
3418/20091314.Oct.201019,88015
3512/20064715.Oct.20101,00008
3614/20082615.Oct.20100,91104
3717/20082515.Oct.20104,71041
3813/20100215.Oct.20103,75004
3913/20073818.Oct.20105,00027
4004/20083318.Oct.20100,75063
4105/20083318.Oct.20102,50020
4209/20083218.Oct.20101,00020
4313/20082618.Oct.20102,39820
4416/20082518.Oct.20102,50015
4518/20082518.Oct.20100,75017
4607/20091818.Oct.20102,45327
4711/20091518.Oct.20100,89838
4812/20091518.Oct.20102,30316
4923/20091118.Oct.20102,32523
5022/20091118.Oct.20100,94204
5103/20100918.Oct.20104,66312
5207/20100518.Oct.20100,87633
5309/20100418.Oct.201018,00016
5414/20100218.Oct.20107,50039
5507/20065019.Oct.20101,00039
5608/20083219.Oct.20102,49616
5711/20082919.Oct.20102,47321
5816/20091419.Oct.20104,66710
5917/20091419.Oct.20109,03725
6012/20082720.Oct.20104,72511
6103/20092220.Oct.20104,99628
6204/20100920.Oct.20100,84802
6314/20073821.Oct.20100,99822
6415/20073821.Oct.20102,50031
6506/20100621.Oct.20102,26531
6619/20073522.Oct.201010,00025
6703/20083422.Oct.20105,00031
6806/20083322.Oct.20102,50032
6907/20083322.Oct.20100,98715
7015/20082522.Oct.201019,98527
7113/20091522.Oct.20104,67527
7221/20091123.Oct.20104,37415
7308/20100523.Oct.20103,88733



Holidays for the Month : 02;03;09;10;16;17;24;31

Monday, July 26, 2010

Chitty Subscription Details for the Month of AUGUST 2010

MANYA VARIKKARKU NJANGALUDE ONASAMSAKAL

Sl. no.Chitty no.Inst. no.Inst. dateInst. amountPrized no.
117/20073505.Aug.20101,00010
210/20091305.Aug.20102,12536
320/20090905.Aug.20103,75076
405/20100505.Aug.20104,56629
510/20073706.Aug.2010096534
610/20082706.Aug.20104,93730
704/20091906.Aug.20102,33716
808/20091506.Aug.20104,49829
901/20100706.Aug.20102,17503
1009/20073707.Aug.20102,50024
1108/20073707.Aug.20105,00028
1218/20073507.Aug.20101,00028
1309/20064610.Aug.20100,99803
1411/20073610.Aug.2010092013
1501/20083210.Aug.20100,98919
1602/20083210.Aug.20102,49732
1701/20092010.Aug.201010,00003
1809/20091510.Aug.20100,88003
1902/20100710.Aug.20108,62011
2005/20091911.Aug.20100,93322
2102/20074412.Aug.20101,00021
2212/20073612.Aug.20102,50007
2306/20091912.Aug.20103,75021
2407/20074213.Aug.20101,00029
2520/20082113.Aug.20102,28303
2602/20092013.Aug.20100,88818
2712/20064516.Aug.20101,00007
2813/20073616.Aug.20104,99708
2904/20083116.Aug.20100,75037
3013/20082416.Aug.20102,37239
3114/20082416.Aug.20100,87612
3219/20082316.Aug.20100,92917
3317/20082316.Aug.20104,68819
3414/20091216.Aug.20102,37504
3515/20091216.Aug.20100,95048
3618/20091116.Aug.201019,39624
3719/20091116.Aug.20102,29521
3803/20100716.Aug.20104,57520
3907/20100316.Aug.20100,85842
4009/20083017.Aug.20101,00021
4116/20082317.Aug.20102,33705
4218/20082317.Aug.20100,75022
4323/20090917.Aug.20102,21215
4422/20090917.Aug.20100,89605
4509/20100217.Aug.201016,44012
4605/20083118.Aug.20102,50015
4707/20091618.Aug.20102,36329
4811/20091318.Aug.20100,84640
4912/20091318.Aug.20102,25530
5007/20064819.Aug.20101,00024
5108/20083019.Aug.20102,50012
5211/20082719.Aug.20102,50033
5316/20091219.Aug.20104,71605
5417/20091219.Aug.20108,42535
5512/20082520.Aug.20104,75025
5603/20092020.Aug.20104,99712
5704/20100720.Aug.20100,89047
5815/20073621.Aug.20102,50014
5914/20073621.Aug.20100,97037
6006/20100421.Aug.20102,12011
6119/20073326.Aug.201010,00002
6203/20083226.Aig.20105,00038
6307/20083126.Aug.20100,97636
6406/20083126.Aug.20102,50005
6515/20082326.Aug.201020,00025
6613/20091326.Aug.20104,70007
6721/20090926.Aug.20104,23740
6808/20100326.Aug.20104,00008



Holidays for the Month : 01;08;09;14;15;22;23;24;25;29

Friday, June 25, 2010

Chitty remittance particulars for July 2010

<> <> <>
Sl. no.Chitty no.Inst. no.Inst. dateInst. amountPrized no.
117/20073405.07.2010099945
210/20091205.07.20102,08424
320/20090805.07.20103,75092
405/20100405.07.20104,71415
510/20073606.07.2010095039
610/20082606.07.20104,92333
704/20091806.0.20102,36011
808/20091406.07.20104,61039
901/20100606.07.20101,96222
1008/20073607.07.20105,00033
1109/20073607.07.20102,50040
1218/20073407.07.20101,00027
1309/20064508.07.20101,00043
1401/20083108.07.2010098828
1502/20083108.07.20102,37540
1601/20191909.07.20109,97517
1702/2010609.07.20108,30021
1802/20074312.07.20101,00037
1911/20073512.07.20100,94232
2012/20073512.07.20102,50027
2105/20091812.07.20100,92805
2206/20091812.07.2103,75083
2309/20091412.07.20100,87007
2407/20074013.07.20101,00031
2520/20082013.07.20102,28307
2602/20091913.07.20100,84833
2719/20082214.07.20101,00021
2814/20091114.07.20102,47523
2915/20091114.07.20100,98041
3018/20091014.07.201018,94005
3119/20091014.07.20102,23722
3212/20064415.07.20101,00048
3314/20082315.07.20100,91036
3417/20082215.07.20104,63128
3513/20073516.07.20104,99509
3604/20083016.07.20100,75050
3713/20082316.07.20102,30027
3803/20100616.07.20104,52705
3907/20100216.07.20100,85241
4009/20082917.07.20101,00007
4116/20082217.07.20102,36118
4218/20082217.07.20100,75010
4323/20090817.07.20102,19819
4422/20090817.07.20100,89320
4507/20064719.07.20101,00009
4605/20083019.07.20102,50033
4708/20082919.07.20102,46729
4811/20082619.07.20102,47506
4907/20091519.07.20102,37532
5011/20091219.07.20100,86224
5112/20091219.07.20102,24927
5216/20091119.07.20104,91529
5317/20091119.07.20108,99934
5412/20082420.07.20104,81324
5503/20091920.07.20105,00002
5604/20100620.07.20100,87022
5714/20073521.07.20100,98630
5815/20073521.07.20102,50016
5906/20100321.07.20102,10018
6019/20073222.07.201010,00018
6103/20083122.07.20105,00033
6207/20083022.07.20100,97802
6306/20083022.07.20102,42433
6415/20082222.07.201019,46716
6513/20091222.07.20104,49504
6621/20090823.07.20104,22525
6708/20100223.07.20103,75022




Holidays for the Month : 04;10;11;18;25

Thursday, June 10, 2010

KSFE/ CHITTY/ ADVANCES AND LOANS/ IMPORTANCE OF FLAWLESS PROPERTY DOCUMENTS

HOW TO AVOID FAKE DOCUMENTS


OR

FLAWLESS TITLE OF DOCUMENTS

[Based on an article by Advocate C Muraleedharan in the INDIAN VALUER (Journal of Institution of Valuers) Vol. XLII - June 2010]

(some parts have been edited)



[This may be of help to all who deal with Acceptance of Property as Security, and also to the General Public, who may fall victims of unscruplus entities when they invest in Land]





INNOCENT purchasers of plots in many cases are victims of unchecked real estate promoters for the following reasons:

1. Ignorance

2. Impatience and anxity

3. Inherent apathy to consult a properly qualified professional for proper guidence.

4. Self investigation without adequate knowledge and skill.

5. Trap by Realtors.

6. Fraud played by Realtors.



These elements are so mixedup that there cannot be a discussion on each of these factors separately.



The object of this article is not to frighten anybody or abuse anybody , but only to create an awareness to the issue.



It is not an exageration to say that there is quite an amount of illiteracy among the literates.

When they are confronted with a situation where they are supposed to have obtained certain basic documents that are essential; they will come out with excuses like: "I'm inexperianced. I've not purchaced property earlier. I don't know about Documentation and Registration. I'm unaware about the requirements governing purchace of immovable properties.



No body can find fault with somebody's ignorance.

But the question is:....If it is an ordinary Headache, you will go to a medical shop (or even a grocer who stocks such over the counter pills) and just purchace pop in a few Anacins, or Crocins or Action 500s.

Will you do the same way if you developed a Chest Pain?....

WHY?

'Cause it is a matter affecting your LIFE.



Only if you CARE to THINK equally in your venture in purchacing a Property.



Investing your hard earned money without taking proper advice from a qualified professional is like attempting at self medication during critical ailments.



You may seek advice from Document writers or Advocare's Clerks, whis is just like approaching a quak to cure your Critical diseases.



Our Country follows the DEED SYSTEM of Registration of Documents. One must understand that a mere Registered Document is no proof of Absolute Title.

The Sub Registrars or the Registering Officers have no Authority to investigate the Title or the Right of the Executants of a Document that is presented for Registration.

They can refer the same for adjudication of proper Stamp Duty only if they are convinced that the Document in Question is deliberately undervalued.

There are several limitations on this power of Sub Registrars and they cannot use it arbitrarily. They have no Authority to refuse to register the Document nor can they withhold the Document after Registration.



People seem to believe and are also convinced that it will suffice if there is a Registered Document of Title. They don't realise that a Title Deed without proper Title (Right) is no good and that it could be only a waste paper. The possession of all title deeds including anterior title deeds is as important as possession of the property is, and that one without the other will tell upon the marketability of the title to their property.



The laws may be there in existence in the statute books, but the largeness of collective violations coupled with apathy of statutory authorities to prevent unlawful layout of house sites or construction even at inception fail to bring proper awareness There is also an unfortunate meek surrender by Government by offering regularisation schemes that are also not effectively implemented. Thus the apathy of statutory authorities coupled with the indeference of purchasers to care for investigation of legal title sought to be conveyed to them encourages large number of Real Estate Brokers who earn on anothers savings without any accountability for them to anybody. This emboldens the real estate brokers to play havoc on many innocent purchasers.



Even worse is that after the sale of the properties, the real estate brokers can never be found. They will be busy else where, dealing with some other property. And even if they are found out, and asked about the documents of title and other details regarding the lineal descendants of the deceased original title holder, the cool indifferent answer will be "we have done everything properly. The project is over and we don't have any papers with us. They have all been handed over" - to whom? nobody will ever know. And no body can know what all documents were handed over, and the poor purchaser will be running after the document writers- to the Registrar's Office etc. to get certified copies, where again they will be exploited. A certified copy issued by Sub Registrar's Office can never be a substitute for the Original title deed.



There is confusion among the general public between investigation of Title and Documentation. They think that Document writing is itself investigation of Title, and they depend upon pseudo professionals like Document Writers and persons like Advocate's Clerk, perhaps feeling that they are the best at investigating title. Even if the Document Writer scribes the document, the purchasers in their best interest should consult a professional who has an active practice, after which he may proceed to get the document engrossed on stamp paper of proper value and submit the same for Registration.



But no one really does this. May be to reduce cost. (whose cost?)



Hence the net result is the purchace of a property without knowing who the real owner was, and whether the person reported to be the real owner is the only person who holds title or whether there are other stake holders or whether there is any other encumberance on the property, and so on and so forth.



It is only when these purchasers go to a panel lawer of a bank for obtaining a legal opinion to avail a loan, they are confronted with several queries attendant on the title. It is only then they realise that the real estate broker of the the site purchaced a few years ago cannot be located, or the details of the previous owner cannot be obtained, or the lineal desendants of the previous owner (now deceased) are not obtainable, or they do not even know who the actual power of attorney holder was. In many cases the power holder would be a close accomplice of the real estate broker. So the actual person who was instrumental in the sale of the property would never be in the record at all. However he would have reaped the benifits of the transaction sumptously. The signatory would disown his present day connection with the real estate broker. In many cases, the purchasers do not even know who the actual owners are. They fail to collect the details from the Original owners.



There are several instances of fake documents, wrong title and unlawful constitution of power of attorneys so on and so forth. There will be nothing on record to punish the wrong doer - viz. the real estate broker. He will block the land by payment of some advance amount and hook the owner of land under an agreement of sale. He will take a power of attorney from him in the name of his aid or accomplice. One may not know whether the executant of the power of attorney deed is dead or alive on the date of execution of the sale deed, which takes place after a long time. They may not be aware that a power of attorney dies on the death of the executant or that the executant can terminate it at any time.



This is a defective system of Registration of Power of Attorney Deeds, which is registered under Part IV of Indian Registration Act, which does not provide for Registration of General Power of Attorney Deed. The only word employed is authority to adopt. Other than this, there is no scope for construing a General Power of Attorney Deed to be brought within the ambit of Part IV of Indian Registrartion act. Yet it is being registered under this part of Registration Act. This part deals with the Registration of Previleged Documents like WILL, authority to adopt, etc. Certainly a Deed of General Power of Attorney cannot fit in within this frame. Yet practice has made the law.



The main difficulty is, if a person applies for Encumbrance Certificate, this Registered GENERAL POWER OF ATTORNEY DEED will not reflect in the EC.



At times, fraudulant power of attorney deeds are created and registered. The really affected person will not even know that his land situated elsewhere is being transferred through fake documents. This is possible because there are takers of property without any care to investigate into the title and verify availablity of original anterior deeds. A certified copy issued by Sub Registrar's Office can never be a substitute for the Original.



But who has the patience to see all this and then buy the plot? Hence there is a substantial possibility of sale of somebody's property without even the Owner knowing of it on the basis of fake Power of attorney deeds.



The unhealthy competition among the Real Estate Brokers does not perrmit tem to make any investigation and enquiry. Afterall they do not have anything to lose. They earn on somebody's name sell and go away.



A purchaser of Land does not even take the amount of care they would in purchasing vegitables or fish for their home. It is this indefference and deleberate lack of care or knowledge coupled with anxiety of these 'innocent' dreamers that is the capital of the Real estate brokers. Unless these blunders are realised, wasteful investmtnt and frustration can never be avoided. Housewifes can take a note of this and at least they can pester their husbands not to hurry in purchasing Land until the investigation of title is satisfactorily made by competent professionals.



Another gross misconception is misunderstanding the theory of adverse possession and fixing a flat 12 years of possession as a perfect mark of absolute marketable title. This is dangerously misleading. Even judicial decisions have not comprehensively defined adverse possession and it differs from case to case. Several decisions of Apex Court and High Courts lay down that the length of possession is hardly material. That being so, the unilateral conclusion by the Real estate Brokers or by innocent purchasers that 12 year long possession of properties gives title to the existing owner is again yet another pit fall that lands the purchasers in trouble.



INCIDENTLY this is a NATIONAL problem. Even a poor wage earner's income is made accountable in this country. Whereas, the Real Estate people's income is totally unaccountable. Scarcely sometimes, income tax raids will be conducted in the house or office of the real estate magnates, who are reported to be politicaly well connected. News papers and electronic media will flash the news for some time, till they get some other hot news. Those who suffered the raids will condemn the raids as a political vengence, and the officials will claim that important evidence was gathered. And the entire incident will slowly pass into oblivion. WHAT IS THE REMEDY????????



You may remember how unauthorised Chit fund business was going on in our State (and still is) . There was no way how the fraudulant promoters of these Chitties could be prevented. Unfortunately, subscribers did not worry about the accountability of the promoters and were madly throwing in their hard earned money into chitty transactions. Any Tom Dick and Harry could promote Chits and invite public at large to invest in them. A stage came when many a chitty promoter absconded with lots of money of the public, and the Government intervened and led to the formation of The Kerala State Financial Enterprises Ltd. KSFE by the Government of Kerala. Due to this intervention and enactment of the Kerala Chitties Act and Rules, every promoter of chitty is required to Register each chitty with the Ex-Officio Chitty Registrar (The Sub Registrars are designated as the Ex-Officio Chitty Registrars) Several mandates for running a chitty were stipulated. Firstly the promotor (Foreman) should register the chitty. He should furnish sufficient security for the Chit amount to the Registrar., Third, the bidding amount could not exeed a particular limit. Thus accountability created by the force of statute curbed the the entry of fraudulant players to a great extent. Now most of the states have enacted their own 'Chitty Acts' and the unscrplus players have shifted their official presence to either Faridabad or Jammu and Kashmir, where there is no such legal enactment.



Likewise suitable legislation must be enacted to curb the unscruplus play of Real Estate Agents. They must be made accountable, and they must be brought under the Income tax network, and also Service tax network. Sufficient security for recovery of tax must be ensured from real estate brokers.



It is imperative in the interest of a large number of people in this country who must be protected against exploitationin this field. This is where Banks, KSFE, lawers, and valuers play an important role. The physical verification of property is done bt the Valuers. The lawers verify the Title by making a thorough investigation. The bankers/ KSFE play their role by the report of Valuers and opinion of the Advocates.



In their view, there are no compromise made on legal and statutory requirements.

Certainly properties so checked and accepted will form a good security for the Banks/ KSFE for mortgages created to secure loans / chitty.

Saturday, June 5, 2010

MONTHLY CHITTY REMITTANCE PARTICULARS FOR JUNE 2010

Sl. no.Chitty no.Inst. no.Inst. dateInst. amountPrized no.
117/20073305.06.20101,00049
210/20091105.06.20102,12431
320/2009705.06.20103,75078
45/2010305.06.20104,9986
59/20073507.06.20102,5008
68/20073507.06.20105,0009
710/20073507.06.201094831
818/20073307.06.20101,00041
910/20082507.06.20104,82540
104/20091707.06.20102,4982
118/20091307.06.20104,74734
121/2010507.06.20101,90020
139/20064408.06.201099831
141/20083008.06.201099515
152/20083008.06.20102,3924
161/20091809.06.20109,93826
172/2010509.06.20108,90040
1811/20073410.06.201095038
199/20091310.06.201093027
205/20091711.06.20109462
212/20074214.06.20101,00019
227/20074014.06.2101,00041
2312/20073414.06.20102,50011
2419/20082114.06.201093735
2520/20081914.06.20102,24922
262/20091814.06.201085024
276/20091714.06.20103,75040
2814/20091014.06.20102,24428
2915/20091014.06.20108506
3019/2009914.06.20102,2504
3118/2009914.06.201019,0008
3212/20064315.06.20101,00047
3314/20082215.06.201092818
3417/20082115.06.20104,64829
3513/20073416.06.20104,98320
364/20082916.06.201075073
3713/20082216.06.20102,31038
383/2010516.06.20104,2887
399/20082817.06.201093926
4016/20082117.06.20102,3676
4118/20082117.06.201075096
4223/2009717.06.20102,2253
4322/2009717.06.201090032
445/20082918.06.20102,50031
457/20091418.06.20102,4226
4612/20091118.06.20102,24825
4711/20091118.06.201089046
487/20064619.06.20101,0005
498/20082819.06.20102,45339
5011/20082519.06.20102,50037
5116/20091019.06.20104,69728
5217/20091019.06.20108,53824
536/20074021.06.20102,50016
5414/20073421.06.20101,00014
5515/20073421.06.20102,50015
5612/20082321.06.20104,67528
573/20091821.06.20104,75034
584/2010521.06.201099845
596/2010221.06.20102,12519
6019/20073122.06.201010,0007
613/20083022.06.20104,87214
627/20082922.06.201097628
636/20082922.06.20102,50035
6415/20082122.06.201019,46628
6513/20091122.06.20104,49823
6621/2009723.06.20104,1505

Holidays for the Month : 06;12;13;20;27

Friday, June 4, 2010

Want to join KSFE chitty? or need financial assistance?

This is the blog of KSFE PAVARATTY Branch.
Contact Details:
Phone : 04872641692
Cell : 09447797172

email : 172@ksfe.com
ksfepavaratty@gmail.com
ksfetsr172@gmail.com

web : www.ksfe.com



KSFE is a Government of Kerala Undertaking.

A FRIENDLY NAME IN THE HOUSEHOLD

As an alternative to the private chit promoters and with a view to socialise the chit fund business, the Government of Kerala took a decisive step in the year 1969 and started The Kerala State Financial Enterprises Limited (KSFE), as a fully Government owned Company. Begining with Chitties, the company has over the years introduced several attractive schemes to cater to the needs of different classes of people.

Paying handsome returns to investors and lending money at lower rate of interest has been the service philosophy of the Company

From a Chit Company - to a Big Financial institution, the KSFE is a success story. The Company presently has a network of over 330 Branches spread throughout the state of Kerala. The Company mobilises savings of Households by instruments like Chitties, deposit schemes and channelises them to the needy for owning houses, and household durables, motor vehicles and equipments for self employment and provides finance for augmenting working capital needs of small traders.

All the schemes of the Company such as Chitty, Consumer/ Vehicle Loan (CVL), Gold Loan (GL), Fixed Deposits (FD), Sugama Deposits (Savings Account), New Housing Finance Scheme(NHFS), Trade Finance Scheme (TFS), New Chitty Loan (NCL), Reliable Customer Loan (RCL), Car Loan Scheme (CL) are unique and have comparative advantages over similar schemes of Banks or other Financial institutions, as is evident from the widening clientlee. In this context, the Company is on the look out for more avenues to cater to the needs of various segments of population. Accordingly, KSFE has made strategical tie-ups with Western Union for Money Transfer (WUMT), and LIC of India for insurance business.


OUR SCHEMES

I. 1. Chitty Scheme:

Chitty is an indegenous household savings scheme with a loan facility built into it.
Chitties are also known as Chitty, Chit funds, Chitti, or Kuri.
There are more than 10 lakh subscribers in KSFE chitties conducted from the various branches with an aggregate monthly sala of more than 15 lakhs.

The following additional facilities are also available under the scheme:

i. Pass Book Loan: (PBL): is available to non-prized chitty subscribersdepending upon the gross instalment paid up, the peropd remaining for the termination of the chitty etc., without producing any additional security for the advance.

ii New Chitty Loan (NCL): is an advance upto 50% of the sala available to Non Prized Chitty subscribers, subject to certain terms and conditions. Separate security for the advance as per the directions in force must be produced.



II. Advances and Loans :

2. Consumer / Vehicle Loan Scheme (CVL) :
With an object of providing advance facilitiesfor the acquisition of consumer durables, vehicles, home appliances like TV, Refregetors, Computers etc. on diminishing rate of interest and on easy repayment plans.

3. Gold Loan Scheme (GL) :
Short term advances up to Rs. 3,00,000/- for a maximum period of six months and the facility to renew uptp two years subject to other conditions.

4. Trade Financing Scheme (TFS) :
For providing financial assistance upto Rs. 1,00,000/- to small traders, depending upon their requirements and repayment capacity,repayable with reasonable rate of interest within a maximum period of 60 months.

5. Reliable Customer Loan (RCL) :
For providing financial assistance to the general public on separate security repayable with interest applicable within 36 to 48 months.

6. Car Loan (CL) :
To provide loans for purchace of new four wheelersto a maximum of 85% of the 'on the road cost' to salaried persons having a net monthly pay exeeding Rs. 10,000/- and to self employed Professionals/ Businessmen/ IT assessees having an average annual total income exeeding Rs. 2,00,000/- for the three previous years, with a repayment period of 60 months (maximum)at monthly diminishing rate of interestdepending upon the period of repayment opted.

7. Housing Finance Scheme (HFS) :
Finance under this scheme is available upto Rs. 4,00,000/- for purchace of dwelling sites and upto Rs. 10,00,000/-for purchace/ construction of dwelling houses/ extension of existing buildingsbeyond 300 Sq. Ft. on easy repayment terms extending for a period from 5 years (for purchace of dwelling sites) to 15 years in the case of purchace/ construction of dwelling houses.
Advances upto Rs. 2,00,000/- repayable within 84 months at reasonable rate of interest will be allowed for modification/ renovation and extension of existing houses. Extension/ renovation of existing houses upto 300 Sq.Ft. will be considwered under this scheme.


III. Deposits :

8. Chitty Security Deposit in Trust Scheme (CSDT) :
Under this scheme, Chitty Prize money is accepted as security against future liability, repayable with interest on termination or on furnishing adequate alternate security. This offers a higher rate of interest.

9. Fixed Deposit Scheme (FD) :
The Company provides an attractive opportunity to the public to deposit profitably and safely through its Fixed Deposit Scheme which offers attractive interest rates. The repayment of deposits mobilised by the Company are guaranteed by the Government of Kerala. Loans upto 90% of the deposit amount is available at 2% above the rate of interest of the deposit.

11. Sugama Deposit Scheme :
This scheme envisages maintenance of personal accounts in the name of individuals, associatioins etc., in which deposits and withdrawls are permitted. The repayment of deposits and interest thereon (at present 5.5%) are guaranteed by the Government of Kerala.

IV. Other Schemes :

8. Western Union Money Transfer Services (WUMT) :
This is a venture with M/s. Paul Merchants Ltd. (Principal agent of Western Union) for providing an additional financial service to the public, whereby, people abroad can remit money to their relatives here, which they can receive without any delay.

9. Life Insurance (LIC) :
This is with an MOU with the Life Insurance Corporation of India to act as its Corporate Agent to enroll the general public to the various schemes of LIC.



The different types of Securities acceptable for our Chitty and Various Lending Schemes :

The following are the Securities/ Sureties acceptable:
a) Personal sureties inclusive of Professionals such as Doctors, Engineers, Chartered Accountants, Advocates etc.
b) Immovable properties
c) Government Securities
d) Fixed Deposits in KSFE and/ orBanks
e) National Savings Certificates (NSC)
f) Kisan Vikas Patra (KVP)
g) LIC Policies
h) Bank Guarantee
i) Paid up amounts in Non Prized KSFE Chitties
j) Gold jewels: (Provides public an easy way to secure the liabilities, and also serves as a free and safe Locker facility


You can find here, general information about KSFE chitties and subscription details of all running chitties of our branch.

If you are from PAVARATTY or nearby places, you are invited to our Branch to join our chitties and also to avail any advances you may need.

How To Join
To enroll in KSFE chitty, you need to submit a form, called VARIYOLA. You can obtain the variola in person from our office. Or you can send us email to: ksfepavaraty@gmail.com ; ksfetsr172@gmail.com or 286@ksfe.com, or call (0)9447797172 or (0487)2641692. We will be sending you the application form (variola) by by post.

You can also leave a comment mentioning your email id and/or mobile number. We will get in touch with you.

Newly Announced Chitties


Monthly Subscription(`) Duration (Months) Sala (Gross Amount ` )




(Short Term)
Monthly Installment(`) Duration (Months) Sala(`) (Gross Amount)
25,000 40 10,00,000
10,000 50 5,00,000
10,000 40 4,00,000
5,000 40 2,00,000
2,500 40 1,00,000
1,000 50 50,000


(Long Term)

5,000 100 5,00,000
1,000 100 1,00,000




Who Can Join?
Any person who wants to have a recession-proof and steady-growing investment can join in chitties. We offer chitties of different patterns -different period - different monthly installments ranging from Rs. 1,000/- to Rs. 25,000/-.

FAQ

Frequently Asked Questions about KSFE Chitties


1. What are KSFE chitties?
Chitties (also known as Chitty, Chit funds, Chitti, or Kuri).
Chitty is an indigenous household savings scheme with a loan facility built into it. There are more than 10 lakh subscribers in KSFE chitties conducted from the various branches with an aggregate monthly sala of more than 15 lakhs.


2. Can I make online transactions?
KSFE has not yet made any special arrangements for online transactions on its own.



3. Why Chitties?
Chitty is a traditional and indigenous financial instrument in Kerala. It is also known as Kuri and has many formats (click here for a scholarly review of the chitty and kuri systems in Kerala). To put simply, a chitty scheme collects money from a set of people each month, and provides a lump sum to the most needy person of the group.

(The following illustration is given for the benefit of those who are new to chitties. Please skip the next two paragraphs if you understand the working of chitties.)

An example

Consider this example.
Suppose 40 people have joined in a chitty for a monthly installment of Rs.2,500/-. The total amount collected is Rs. 1,00,000/- (Sala). The chitty lasts for 40 months and one person gets the prize money each month. KSFE Chits can be bid for an amount of discount up tp 30% of the Sala including the Foreman's (KSFE) commission of 5%. In the first month, suppose the person who bids the chitty (usually through a draw of lots if the number of aspirants to bid for 30% discount are more than 2), gets Rs. 70,000/, that is a discount of Rs.30,000/- (i.e., 30% of the total amount). From this Rs.30,000/-, Rs.5,000/- (5%) is taken as commission and Rs.25,000/- is distributed equally among the 40 members. In this case, it comes to Rs.625/- (=25,000/40). So, the next month each member has to pay only Rs.1,875/- (=2,500 – 625).

This does not mean that a member has to pay only Rs.1875/- per month for the whole 40months. At a later stage, say after 20 months, suppose the person who wins the chitty gets Rs.85,000/- (usually through bidding; draw of lots is conducted only when at least two people are willing to opt for a discount of 30%). The discount in this case is Rs.15,000/-, from which Rs.5,000 is taken as the Foreman's commission and Rs.10,000/- is equally distributed among the 40 members. In this case, it comes to Rs.250/- (10,000/40). Each member has to pay Rs.2,250/- (=2,500 – 250). This is just an example, and the scenario varies for different denominations of Chitties.



4. Why Chitties, Why KSFE, and Why Pavaratty branch?


We, at KSFE Pavaratty branch, do not make any fancy claims (like mutual funds, insurance companies, and other wealth management firms). We believe that you are too intelligent to be fooled by such claims. What we offer is a simple investment scheme that can be used either as a loan or as a savings scheme.





Some trivia

Now something to relieve the tedium of algebra. One of our customers recently made an interesting observation. If you put Rs.2,500/- in a mutual fund, they will put about Rs. 1,875/- in your account [please note that the amount is not correct in the present situation. He made this remark some time back, that too about a ULIP scheme]. On the other hand, if you give Rs.1,875/- to KSFE, they will put Rs.2,500/- in your account!

That's all fine; but how can one treat chitty as a loan?

Simple. By opting for a 30% discount and winning the chitty as early as possible. You get 70% of the total chitty amount within a few months of joining. If you calculate the total amount you have to pay at the end of chitty, it will be far less than a loan of the same amount plus its interest after full repayment.

5. What about chitty as a savings scheme?

For this, you have to bid relatively late. That does not mean that you have to wait until the last installment. You need to arrive at an amount that is profitable and bid for that amount. In the above example, suppose a person calculated Rs.90,000/- as the optimum amount. Let us say, he or she got the prize money after 25 months and put it as an FD. The total amount the member will get at the end of the chitty will be far higher than the total amount he or she has to pay.

Hope it is clear. For any queries and clarifications, please leave a comment here or send an email to: ksfepavaratty@gmail.com; ksfetsr172@gmail.com or 172@ksfe.com


6. Why KSFE?

There are a number of chitty companies in Kerala. Why should one opt for KSFE? A clinching reason is the trust. The investment in KSFE is protected by Government of Kerala. The Company has been functioning for nearly four decades now. No other Chit company in Kerala can match us in terms of trust. Your money is in safe hands. Please do not take it as arrogance; but we won't catch cold even if the US economy sneezes. If you carry out a risk–reward analysis of investment, you can see that KSFE chitties provide an optimum balance.

The second reason is our social commitment. A major chunk of our profit goes to Government of Kerala, which utilises it to carry out developmental work, running public service organizations, and providing care for the less fortunate and less privileged among us. The money you invest does not go to foreign countries, who use it for god-knows-what. Your money is used for the benefit of the people of Kerala. KSFE chitties help you to help yourselves as well as to help your fellow beings.

7. Why Pavaratty Branch?

This one is the toughest and trickiest question. Let us state that there are no special privileges for Pavaratty branch. Rules and regulations are same for all branches of KSFE. But we can assure you our best attention in all your dealings with us.

Thanks for reading patiently. Please feel free to comment.