Gift deed transfer premium

Twinkle Parmar (Querist) 29 December 2024 This query is : Resolved
Property is located at navi mumbai kharghar

Property is in name of two brothers while one has transfer 100% rights to other brother by way of gift deed paying 1% stamp duty and registration fees

Now while doing cidco transfer to remove name in cidco record as well as from conveyance deed and share certificates

Society is asking for transfer premium to be paid of 25000 to housing society

Pla advice

Follow Query

Report Abuse

Quick Summary

A property in Navi Mumbai, jointly owned by two brothers, was transferred entirely to one brother via a gift deed, incurring 1% stamp duty and registration fees. The housing society is now requesting a transfer premium of £25,000 for updating their records and share certificates. The advice suggests that such fees are often governed by society bylaws, and if the demand is compliant, it may need to be paid.

kavksatyanarayana (Expert) 29 December 2024
It is a minimum of Rs.5000/- for residential flats and a maximum of 25 lakhs.

T. Kalaiselvan, Advocate (Expert) 30 December 2024
The transfer fee for this purpose will depend on the bylaws, if the demand made is in accordance with the bylaws of the society then it may have to be obliged.

Dr. J C Vashista (Expert) 31 December 2024
Same query is repeated in slight different form as observed from profile of author, which is as under:
asked a query in Experts Deletion of co-owner name from property by gift deed
asked a query in Experts Gift deed transfer premium
replied to a query in Experts Transfer premium in chs
asked a query in Experts Transfer premium in chs
posted a new topic in forum Retrieval of share certificate
More

Read more at: https://www.lawyersclubindia.com/profile.asp?member_id=303066

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries