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EXTRAORDINARY
Published by Authority
CHANDIGARH, MONDAY, FEBRUARY 2, 2026
(MAGHA 13, 1947 SAKA)
LEGISLATIVE SUPPLEMENT
Contents Pages
Part - I Acts
Nil
Part - II Ordinances
Nil
Part - III Delegated Legislation
... 119-120
Notification No.S.O.5/P.A.25/1961/S.38/ 2026 dated 02.02.2026 partially modifying the Government of Punjab, Department of Cooperation, Notification No.S.O.312/ P.A.25/1961/S.38/2025 dated the 20th November, 2025, Notification No.S.O.314/ P.A.25/1961 /S.38/2025 dated the 28th November, 2025 and Notification No.S.O.2/ P.A.25/1961/S.38/2026 dated the 12th January, 2026.
Part - IV Correction Slips, Republications and
Replacements
Nil
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PART III
GOVERNMENT OF PUNJAB
DEPARTMENT OF COOPERATION
(COOPERATION-1 BRANCH)
NOTIFICATION
The 2nd February, 2026
No. S.O.5/P.A.25/1961/S.38/2026.- WHEREAS the Government of
Punjab, Department of Cooperation, issued Notification No. S.O.312/P.A.25/
1961/S.38/2025, dated the 20th November, 2025, Notification No. S.O.314/
P.A.25/1961/S.38/2025, dated the 28th November, 2025, and subsequent
notifications including Notification No. S.O.2/P.A.25/1961/S.38/2026, dated
the 12th January, 2026, relating to stamp duty and registration of properties of
co-operative housing societies;
And whereas the Government has reviewed the operation of the above said
notifications with a view to removing anomalies, ensuring uniform treatment of
members of co-operative housing societies, facilitating formal registration, and
securing certainty and continuity of State revenue in future transactions;
Now, therefore, in exercise of the powers conferred by section 38 of the
Punjab Co-operative Societies Act, 1961 (Punjab Act No. 25 of 1961), and in
partial modification of the notifications referred to above, the Governor of
Punjab is pleased to notify as follows, namely:-
1. Concessional registration for members as on the relevant date.-
(1) In respect of any plot or dwelling unit of a co-operative society, any person
whose name appears in the records of the society as a member as on the 20th
November, 2025, being the date on which the statutory registration regime first
became applicable,whether as an original allottee, transferee, or substituted
member, shall be entitled to get the conveyance or transfer deed registered (1%) of the consideration mentioned in the instrument or the prevailing Collector
rate, whichever is higher, subject to a maximum of `2,00,000 (Rupees Two
Lakh only).
(2) The concession under sub-clause (1) shall be available only in respect of
one instrument of conveyance or transfer in a co-operative housing society, PUNJAB GOVT. GAZ.(EXTRA), FEBRUARY 2, 2026 120
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irrespective of whether such instrument is executed in favour of the member
himself or herself or in favour of his or her spouse or dependent children, as
permissible under the rules governing co-operative housing societies.
(3) The concession under this clause shall be available irrespective of the date
on which the instrument is presented for registration, provided that eligibility is
determined with reference to 20th November, 2025, which shall be the relevant
date for this purpose.
2. Withdrawal of time-linked concessional provisions.- Any provisions
contained in the earlier notifications providing time-bound or phased concessional
rates for registration of instruments shall cease to apply, and registration of
eligible cases shall henceforth be governed exclusively by sub-clause (1) of
clause 1.
3. Subsequent transfers and scope of concession.- (1) The concession
under sub-clause (1) of clause 1 shall be optional to a member eligible as on
20th November, 2025 and shall also extend to registration in favour of; (a)
legal heirs on whom the property has devolved or may devolve; and (b) spouse
and blood relatives who have been granted exemption by the Department of
Revenue, in accordance with the clarifications contained in the earlier
notifications.
(2) However, where the property is transferred to any other person, whether
directly or after obtaining registration under clause (1), the conveyance or
transfer deed executed in favour of such transferee shall be liable to stamp
duty, registration fee and other charges at the normal rates applicable under
law on the date of such transfer.
4. Saving.- Nothing in this notification shall affect the levy, collection or payment
of stamp duty or registration charges in respect of any instrument not covered
under clause (1), which shall continue to be governed by the provisions of law
applicable at the relevant time.
Sd/-
AJIT BALAJI JOSHI, IAS,
Administrative Secretary to Government of Punjab,
Department of Cooperation.
3627/2-2026/Pb. Govt. Press, S.A.S. Nagar