January 10, 2017

EPPB - E-Property Passbook - What is it?

E-Property Passbook is abbreviated as EPPB mentioned in message received through whats app. The message is mostly circulated electronically to everyone by friends, relatives through groups. People are not aware of whether it is fake news or real. As per the message which i just received through whats app gives the following information:

what is e-property passbook for real estate

" From 1/4/2017 all properties are invalid for one year. You cannot sell or buy any property until you register your properties in the E-property pass book. EPPB will be linked with PAN, AADHAAR online. Owner has to personally report with ownership proof to sub registrar office where special 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 special 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 31/3/2018 all properties will be entered in EPPB. From 1/4/2018 Government will take over the properties not entered in EPPB. Real estate surgical strike on black assets! forward as received. "

I do not think the above message is officially declared by our Prime Minister, Government of India. The news channels, websites have not yet informed about anything about till now. Though some other blogging sites at online have also discussed about message received through whats app. Do not believe such news and spread it until you know it. The above message just corrected with some spelling mistakes without modifying information.