COOPERATIVE SOCIETY

dasd (Querist) 28 November 2009 This query is : Resolved
I have been alloted a property in society for which they have taken transfer fees+allotment money (i don't know the terminology).but in transfer deed it is written that neither you,your spouse,minor children, can acquire any other property in any other society.till now i have not registered property in my name .

My QUESTTION IS WHEN I REGISTER PROPERTY IN MY NAME

WHETHER I WIL STILL REMAIN A MEMBER OF COOPERATIVE SOCIETY?(WHETHER AFTER REGISTRY I WILL STILL BE CALLED AS MEMBER OF THAT SOCIETY OR PROPERTY WILL BE IN MY NAME AFTER PAYING STAMP DUTY?)

WHETHER I WIL HAVE TO FOLLOW CONDITIONS IMPOSED ON ME AS TOLD ABOVE?

Follow Query

Report Abuse

sanjeev murthy desai (Expert) 28 November 2009
You can ask the society peoples to execute the sale Deed in the name of you in respect of alloted property. At the registration time of that Sale deed you have to be pay the prescribed stamp duty and registration fee.

Yes off course you will still remain the member of that society during your life time but you have to check the bylaw of that society. Wheather society has any special bylaws inthis regard.

Yes offcourse if the society imposed any conditions you should have to follow the same.