Transfer charge

BIPIN TIWARI (Querist) 07 September 2014 This query is : Resolved
hi I want to know that is their co-operative housing societies have right to charge the transfer money in regarding to transfer the flat more than given amount of society by laws,I think its maximum of Rs. 25,000 but many of societies charging 50,000 & much more, please explain

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ajay sethi (Expert) 07 September 2014
society cannot charge more than rs 25000 as transfer charges

Hemant Agarwal (Expert) 07 September 2014
1. In Maharashtra, the maximum "Share Transfer Premium" is limited to 25000/-

2. IF the Society is demanding more than 25000/- THEN file a private criminal complaint with the local magistrates court for cheating and extortion, against the Secretary & Chairman of the Society.

Keep Smiling .... Hemant Agarwal
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ABDUL RAZIQUE (Expert) 08 September 2014
agree with experts.

Raj Kumar Makkad (Expert) 08 September 2014
Society cannot charge more than provided in its bye-laws and if the same is violated, make written complaint to the registrar.

T. Kalaiselvan, Advocate (Expert) 10 September 2014
Expert Mr. Hemant Agarwal has rightly observed and addressed your query, you may follow the advise rendered.

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