Pratik
I am secretary of my Co-Operative Housing society. I want to know, if an owner transfers his/her flat to her legal heir in a gift deed, what will be the transfer fees that society shall take?
We take 25000/- as a transfer fees as of now for regular sale agreements.
I C Naik
Transfer fees as per latest bye laws Model 2001 is provided in the Bye Law No 38(e)(iv) reproduced below.
Payment of amount of premium at a rate to be fixed by the general body meeting, but within the limits as prescribed under the circular, issued by the Department of Co-operation Government of Maharashtra from time to time.
No additional amount towards donation or contribution to any other fund or under any other pretext shall be recovered from transferor or transferee Rs 25000 is the maximum amount of premium for Societies in Cities.