Narendra K 02 November 2022
kavksatyanarayana (subregistrar/supdt.(retired)) 02 November 2022
Yes. Transfer fees may be collected by the society.
Dr J C Vashista (Advocate) 03 November 2022
Since the Society is concerned with transfer of share in the name of titleholder (donee in the instant case) there is no such provision to charge any transfer fees in any of the State Cooperative Soceities Act, if I am not wrong.
It would be better to consult a local prudent lawyer as local (State) laws apply in the instant case
Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 03 November 2022
The transfer fee is based on the agreement between the residents and is incorporated in bye laws of the society if it is approved in AGM that limit prevails on any clause in the apartment act.
Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 08 November 2022
In which State are you? In Maharashtra the Society can collect a tranfer premium from the transferor. Once upon a time it was Rs.25000/- I do not know how much it is now. If the transfer is to a close relative, no transfer premium can be charged.