Mr. A holds a Flat in a Co-Op. Housing Society, executes a Gift Deed in favour of his Grand-Son (Blood relation). Can the Housing Society demand Transfer Fees and/or Donation for transferring the ownership of the Flat in favour of the Grand-Son ?
RAMESH KISANI (Managing Director) 17 April 2012
Mr. A holds a Flat in a Co-Op. Housing Society, executes a Gift Deed in favour of his Grand-Son (Blood relation). Can the Housing Society demand Transfer Fees and/or Donation for transferring the ownership of the Flat in favour of the Grand-Son ?
K.K.Ganguly (Advocate) 17 April 2012
Normally they do not charge. However, it depends on the bye laws of the Society though it can be challenged in the Court of Law.
AMAR RANU (Legal consultancy) 17 April 2012
Yes.
Transfer is transfer whether on gift deed basis or through some other mode or methodology.
Only stamp duty charges would be lesser as compare to normal transfer.
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