Transfer of property

Pankaj Karmarkar (Querist) 23 January 2022 This query is : Resolved
Hi,
My mom had a flat in her name in one of the Co-operative society in Mumbai. Due to her age and she was not able to manage things we decided to transfer it in my name. We did proper gift deed, got it registered and now have requested the society to transfer the flat in my name. Society is asking for transfer fees of Rs.25000/- which I think is not correct. They say that the definition of family has changed and hence u have to pay. Is it correct. Is there any way we avoid the payment as it looks unresonable demand. There was no financial transaction involved hence i should not pay. I need your views on this and legal opinion

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A son is questioning a £25,000 transfer fee demanded by his mother's Mumbai Co-op society to transfer her flat into his name via a gift deed. The society claims a change in the definition of 'family' necessitates the fee. While societies can charge transfer fees, the amount seems high, and the son believes it's illegitimate as no financial transaction occurred. Advice suggests challenging the fee with the society registrar.

kavksatyanarayana (Expert) 23 January 2022
The 2 percent charge is illegitimate under existing laws and notifications the society can ask for a transfer charge up to a maximum of 25 thousand only and it cannot ask more than that.

SHIRISH PAWAR, 7738990900 (Expert) 24 January 2022
Hello,

Society can charge nominal transfer fees for transferring flat from mother to son. You can approach the society registrar against the society.

P. Venu (Expert) 24 January 2022
What, exactly, is the alleged change in definition of family? Please ascertain from the Society management.

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