Co op housing society transfer premium

Balaji Suryavanshi (Querist) 06 August 2022 This query is : Resolved
We have some companies like MTNL, BMC & RIL as share/flat holders in our society. Are they required to pay move in / out charges each time their employee occupying flat changes?

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This discussion clarifies the difference between transfer premiums and move-in/out charges in co-operative housing societies. While transfer premiums are a fixed percentage (2.5% up to £25,000), the query specifically addresses whether corporate entities like MTNL, BMC, and RIL, who hold shares or flats, need to pay move-in/out charges when their employees occupying the flats change. The consensus is that these charges are distinct from transfer premiums and may apply.

kavksatyanarayana (Expert) 06 August 2022
What is your problem? You previously asked the same changing the heading of the query. Transfer charges are separate. The transfer charge is Rs.2.5% and a maximum of Rs.25,000/-.

Balaji Suryavanshi (Querist) 06 August 2022
Thanks for ur reply. Actually I wanted to know abt move in/out charges only, but here I had mentioned transfer premium by mistake. So had updated other querry with correct words & u hv replied there. Pl consider this querry as closed. Thanks again.

Dr J C Vashista (Expert) 07 August 2022
Please read reply in original thread.

P. Venu (Expert) 07 August 2022
Your postings suggest deeper issues. Please post complete facts.

Balaji Suryavanshi (Querist) 07 August 2022
Pl check here:

https://www.lawyersclubindia.com/experts/co-op-housing-society-move-in-out-charges-743446.asp

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