Conveyance charges

Raju M. Thakkar (Querist) 24 December 2016 This query is : Resolved
Under 33 (7) of DCR, once an old tenant gets Permanent Alternate Accommodation in the redeveloped building on "Ownership" basis by surrendering his Tenancy Rights and becomes a member of the Co-op. Hsg. Society, while conveying the land to the Society, whether by Deed of Conveyance, if freehold land, or by Deed of Assignment, if BMC land in Mumbai city, who is supposed to bear the costs of conveyance as to the Stamp Duty/Registration charges and adjudication of the same, till the land is duly conveyed to the Society ?

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Kishor Mehta (Expert) 24 December 2016
Sir,

The current charge of stamp duty is @ Rs.100/-, if all the members of the society have paid the Registration charges and stamp duty on their individual flats. The maximum registration charge for the conveyance is Rs.30000/-.

Usually the developer bears the charges, however in some cases these charges are divided equally between the developer and the society.

It depends on the agreement entered into between the parties.

Good Luck,
Kishor Mehta