Execution of conveyance deed by a society favouring a member of ghs in haryana

AJOY CHOUDHURY (Querist) 05 October 2012 This query is : Open
Sir,
I wish to know what is the law governing execution of Conveyance deed by a Co-op Group Housing Society in Haryana in favour of its member. As per practice such conveyance deed is being executed at 7% of cost of the Flats. Is it mandatory to be executed within certain time frame of possession of Flats or it can be executed anytime before transfer/sale of property. I may clarify that a deed of Apartment as required under Haryana Apartment Ownership Act has already been executed.
Kindly clarify.
Thanks & Regards

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