Indore development authority - name transfer charges

Querist : Anonymous (Querist) 31 August 2024 This query is : Resolved
Hello All
I bought recently a Leasehold Vacant Plot in Scheme No 114, Part 1 (IDA) from Seller, who is the First Allottee who got allotment some 20 years back from NDA.
I apply for Name Transfer from seller to buyer in IDA and Receive Demand Note for Following heads :
Transfer Fees - 3 %
Compounding Fees - 0.50 %
Lease Renewal - 1 %
Penalty - 0.45 %
This is on Registry Amount

As per my understanding, I only have to Pay Transfer Fees of 3 % but I am not sure, what to do with other charges.
Is it payable by seller or buyer ?
Can someone guide me or advise what to do.

Thanks in advance

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Quick Summary

A plot buyer in Indore recently purchased a leasehold plot and received a demand note from the Indore Development Authority (IDA) for various charges including transfer fees, compounding fees, lease renewal, and penalty. The buyer is seeking clarification on who is responsible for these charges. Another user responded, stating that a leased property cannot be purchased outright and questioned the buyer's understanding of the situation, suggesting they clarify with the vendor.

kavksatyanarayana (Expert) 31 August 2024
Dear Asuthosh Bairagi ji, yesterday you posted the query regarding how to transfer the name with IDA. The leased property cannot be purchased and if there is any clause regarding sub-lease you can take it on lease. The question of transferring the name does not arise.

T. Kalaiselvan, Advocate (Expert) 31 August 2024
You were furnished with the details of the payment to be made in this regard, then what is your doubt about it.
If you have doubts about it nothing prevents o from clarifying the same from the vendor who is proposing to sell the property, he will get the clarification in this regard from the authorities concerned

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