Transfer fees
Sarita Nakhe
(Querist) 23 June 2014
This query is : Resolved
It is the looting and unjustified practice of the co-operative housing societies in Mumbai and Thane to demand money in the form of ‘Voluntary donation’ or Transfer Fees’ based on the percentage varying from 1% to 5% of sale value from the sellers and the buyers of the flats at the time of transferring name of share certificates and giving NOC. If buyers and sellers do not want to give donation to housing societies what are remedies available to get NOC and share transferred.
ajay sethi
(Expert) 23 June 2014
you dont need society NOC for sale of flat . refuse to pay donation demanded . complain to Dy Registrar
V R SHROFF
(Expert) 23 June 2014
Only a transfer fee of a maximum of Rs. 25000/- is payable.
no donation,NO LOOTING.
Can Complaint to Asst Registrar.who will order Co-Op Soc for your membership.
Sarita Nakhe
(Querist) 23 June 2014
Dear Mr. V. R. Shroff,
You wrote
"Only a transfer fee of a maximum of Rs. 25000/- is payable."
Please tell us under which rule, section of acts.
Thanks.
Devajyoti Barman
(Expert) 23 June 2014
yes, in sale NOC of society is not mandatory.
T. Kalaiselvan, Advocate
(Expert) 26 June 2014
I agree that NOC is not an essential criteria for sale of flat. The amount mentioned by expert Mr. Shroff may be the prevailing rate in that part of the country over such transfers.
