The Jammu and Kashmir Urban Property (Ceiling) Act, 1971

The Jammu and Kashmir Urban Property (Ceiling) Act, 1971

General197120 sections

The Jammu and Kashmir Urban Property (Ceiling) Act, 1971, was enacted to prevent the concentration of urban land and buildings in the hands of a few individuals, thereby promoting social equity. It establishes a "ceiling limit" on the amount of urban property a person or family can legally own. If a person owns property exceeding this limit, they are legally required to declare it to the government. The government then has the authority to acquire this excess property for public use. The Act regulates property transfers, mandates declarations of ownership, and imposes penalties on those who conceal assets or violate ownership restrictions.

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