My query on transfer of flat in co-op housing society is in 2 parts:
1. As per the Act and Rules of Co-op Hsg Society, a member cannot transfer his interest / share before completing one year of memberhip. Does that mean that owner cannot sell / transfer his flat to a buyer within year of society formation? Would it be illegal?
2. Can the society charge over and above the maximum of Rs. 25000 as transfer premium or in any other form such as voluntary donation? Is the transfer fee different for 1 BHK and 2 BHK flat owners? Can the fee be modified by change of model bye-laws?
Require urgent help since I am finalising a purchase. Thanks in advance.
Regards
Amol
