Share transfer fees in co-op society

Jay (Querist) 17 October 2011 This query is : Resolved
What should be the share transfer fees as per Maharashtra Co-op Hsg Society Bye Laws when the flat is transferred to real brother?
The year of transfer is 1988.

Follow Query

Report Abuse

ajay sethi (Expert) 17 October 2011
was it by gift or sale?

if flat is transferred to close relation then it is exempt from transfer charges .

Advocate Rajkumarlaxman (Expert) 17 October 2011
This varies from place to place in Mumbai itself. That is it is discretionary power of the Society in which you stay to adopt the transfer charges and other charges like maintenance, security water charges etc., etc. But for all this there is a limit and should not be exorbitant also and as per M C Hsc Scty Laws. And also that within the family when he is your real brother there should not be any transfer fee but still if the society insists it should be very meager as it is within the family. Where and which location are you located in Mumbai . please refer to and tell us we would tell the exact .