Mah redraws norms for transfer of flats on Govt-alloted land

Source: The Hitavada      Date: 05 May 2018 09:23:54




THE Maharashtra Government has issued a Government Resolution streamlining the rules for 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, 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 Executed Will.

If the transfer has taken place without 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 rules, such as before the society gets the completion certificate, five per cent transfer fee shall be recovered for regularisation. In case of redevelopment of buildings, 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. However, after buying flats in a redeveloped building, it will be mandatory for new members to seek prior permission from the District Collector.