How do I transfer a flat?

An application for transfer of shares and interest in the capital or property of the society should be made in the prescribed form, along with the share certificate An application for membership of the proposed transferee should be made in the prescribed form Valid reasons for the proposed transfer should be furnished …

What is non occupancy charges?

What is non occupancy charges? Non occupancy charges are levied by housing societies upon member flat-owners who do not reside in their respective premises. If a flat owner chooses not to reside in his flat and gives the same on rent or keeps it vacant, then, the society can impose non occupancy charges upon him.

How do you transfer a society?

Submit an application for membership of the proposed transferee on the prescribed form. Give valid reasons for the proposed transfer Discharge all the liabilities of the society Pay the transfer fee Remit entrance fee payable by the proposed transferee. Pay the premium at a rate to be fixed by the general body.

What should be non occupancy charges in society?

If the total maintenance bill of your society is Rs 3000, out of which if Rs 2000 is to be considered as service charges, you’d have to pay 10\% of Rs 2000 (Rs 200) as non-occupancy charges. This directive is applicable to all residential societies and has received approval from the Supreme Court as well.

How do you transfer a flat after death?

Succession certificate is required only for movable property and casualty for immovable property. For transferring immovable property you shall have to obtain a legal heirship certificate from the Tahsildar. After obtaining a legal heirship certificate you may apply for transfer of all the records to you both jointly.

What is society transfer fee?

The society can collect transfer charges at 2.5\% of the difference between the book value of the flat and the price realised by the transferor on the transfer of the flat, or a maximum of Rs 25,000, whichever is lesser.