Co operative housing soc. property transfer fee
Querist :
Anonymous
(Querist) 20 September 2021
This query is : Resolved
HI , I AM RESIDING IN AHMEDABAD , MYELDER BROTHER PURCHAED IN 2008 FLAT IN REGISTERED CO OPERATIVE SOCIETY , AND GIVE ALL TRANSFER CHARGE . DUE TO JOB MY BROTHER IS LIVE OUTSIDE THE GUJARAT SO HE DECIDED TO SELL THIS PROPERTY TO ME , I PURCHESED WITH LEAGAL FORMALITY FROM HIM AND I CONTINUE TO STAY IN HOME FROM 2008 . ALSO I AM UNMARRIED TILL DATE AND LIVE WITH MY OLD PARENTS. NOW SOCIETY ASK ME TO GIVETRANSFER FEE 65K PLUS THE PANELTY FROM 2014(FROM DATE I PURCHASED) . MY QUESTION IS THAT WEATHER I HAVE TO PAY FOR TRANSFER MY NAME IN SHARE CERTI . ,ALSO HOW MUCH MAX. CAP FOR TRANSFERFEE ,? ITS NOT EXEMPT FOR BLOD REATION PROPERTY TRANSFE ?? PLS GIVE MEPROPER GUIDENCE ...... ALSO WHERE I CAN FIND THE SOCIETY REGISTRATION (ANYSITE - FOR THIS INFO - GUJARAT - AHMEDABAD )
kavksatyanarayana
(Expert) 20 September 2021
Transfer fee shall be paid but it is some difference in some states. The maximum transfer fee is Rs.25,000/- in my opinion.
Querist :
Anonymous
(Querist) 20 September 2021
i need quite confirm answer, pls help me soon.
kavksatyanarayana
(Expert) 21 September 2021
Usually not necessary. If there is a clause in your agreement that transfer charges are to be paid builder would refuse to transfer the flat in name of a third party until transfer charges are paid
SHIRISH PAWAR, 7738990900
(Expert) 21 September 2021
Hello,
Your brother has transferred the flat to you so you will have to pay the nominal transfer charges that may be Rs. 5000/-. The maximum transfer charges are Rs. 25000/- as stated by kavksatynarayana. For nonpayment of transfer charges, society may charge interest. Consult with a local advocate.
P. Venu
(Expert) 21 September 2021
What is the nature of the Society? hat is, is it registered as a service cooperative society with the member owning the property and the society is formed to take care of maintenance, repairs, etc? Or, is it that it is registered as a ‘co-operative society’ where the assets of the residential complex are owned by the Society?
