Refund to society member
Querist :
Anonymous
(Querist) 02 February 2026
This query is : Resolved
Society had collected Rs.79500/- fromeach member for Deemed Conveyance & Property Card. Total collection 79500 X 56 Members = Rs.44,52,000/-. Society has balance of Rs,2000000/- which they want to refund to the Members. One original member sold her flat and now new member occupies that flat. Who will get that refund - Old member who sold the flat or new member who purchased the flat.
Please clarify.
Thanks
Roland Noronha
kavksatyanarayana
(Expert) 03 February 2026
The original member paid the amount, so it will go to the original members. However verify the rules of the bylaws of the society if there is any clause for it and proceed.
Dr. J C Vashista
(Expert) 04 February 2026
What is your locus standi to subject amount / flat ?
The society is stated to have collected a sum of Rs. 79,500 x 56 which comes to 44, 52,000/- then how come it is calculated to Rs. 20,00,000/- for refund to its members?
What do you mean by the term "deemed conveyance" used by you? What was the purpose of collection of the amount for deemed conveyance and property card since society has no authority / concern with conveyance of the property ?
Whether the vendor has calculated the amount in the consideration amount of the property at the time of sale to vendee ?
T. Kalaiselvan, Advocate
(Expert) 04 February 2026
The refund amount belongs to the person who paid it, hence the original person shall be entitled for refund amount
P. Venu
(Expert) 16 February 2026
Is there is dispute on the issue?
