[ecis2016.org] The Maharashtra government has simplified the norms for sale or transfer of flats in housing societies built on government-allotted land
The Maharashtra government has issued a Government Resolution (GR), streamlining the rules for the sale or transfer by other means, of flats in cooperative housing societies built on government-allotted lands. As per the GR issued by the Revenue and Forest Department, a three per cent or five per cent transfer fee shall be charged, based on the Ready Reckoner Rates, for transfer of flats without prior permission, or in contravention of rules. The transfer fee shall not be applicable, in cases of transfer of flats to family members, or in cases of transfer by gift deeds or an executed will.
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If the transfer has taken place without the permission of the district collector, the transfer fee shall be charged at the rate of three per cent. The collector can then regularise such a transaction. If the transfer has taken place in contravention of the rules, such as before the society gets the completion certificate, a five per cent transfer fee shall be recovered, for regularisation.
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In case of redevelopment of buildings built on government-allotted lands, where extra new flats are constructed, the eligibility rules for existing members at the time of allotment of land won’t apply to the new members (who purchase flats in the redeveloped society). However, after buying flats in a redeveloped building, it will be mandatory for the new members to seek prior permission from the district collector and pay transfer fees or mortgage fees, upon transfer or mortgage of such flats in future, the GR said.
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
