Some builders demand transfer charges for flat/plot even after possession is given and the property is registered. Is that legal? Amar builder demands Rs 150 psf for plots. That is equal to the stamp duty!
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  • Such charges r totally unjustified ( somebody needs to challenge them in court to prove them illegal ) . Cost of 5000 bucks should be very well adequate to cover all costs for this transfer for Builders, in almost all of the cases .
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  • Transfer charges by builder

    Originally Posted by fatichar
    Some builders demand transfer charges for flat/plot even after possession is given and the property is registered. Is that legal? Amar builder demands Rs 150 psf for plots. That is equal to the stamp duty!


    Illegal and deserves to be taken to task legally for trying to make money out of everything.
    In the first sale they have made their profit and now they want bonus also.
    Greed is only term.
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  • If illegal, I think they will demand that in cash and not give a receipt.

    But when a property is already registered with the municipal authority, why is an NOC required at all from the builder?
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  • Originally Posted by fatichar
    If illegal, I think they will demand that in cash and not give a receipt.

    But when a property is already registered with the municipal authority, why is an NOC required at all from the builder?


    Builders do this until society gets formed. After which the society can charge a max of Rs. 25000 as transfer charges in addition to few hundreds for some admin charges. Builders just loot people since society is not formed and control is with them
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  • Originally Posted by lazybone007
    Builders do this until society gets formed. After which the society can charge a max of Rs. 25000 as transfer charges in addition to few hundreds for some admin charges. Builders just loot people since society is not formed and control is with them

    That is not just limited to builders. Nowadays, even societies demand 60k to 1lakh. The receipt of 25k is for transfer, the rest is under some different name. :bab (45):
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  • That is not just limited to builders. Nowadays, even societies demand 60k to 1lakh. The receipt of 25k is for transfer, the rest is under some different name.

    The maximum amount in Pune =Rs25000, if anyone asks for more just refuse.
    Yes you will have to take a stand and probably face some delay,but no chairman or secretary will take a risk if you take a stand and put things in writing with dates and acknowledgement t of your written request for NOC.
    Dont buckle down to such demands.
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  • What to do in case of builder? It will be over Rs 2 lakh for me and the same for seller. 4 lakh for nothing! If I go legal, can the builder create problems in future?
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  • Originally Posted by fatichar
    If illegal, I think they will demand that in cash and not give a receipt.

    But when a property is already registered with the municipal authority, why is an NOC required at all from the builder?


    If flat is registered, then builder has nothing to do with the transaction.The buyer will register the property in his or her name by paying stamp duty.
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  • Originally Posted by Krazy Yuppie
    If flat is registered, then builder has nothing to do with the transaction.The buyer will register the property in his or her name by paying stamp duty.


    But it seems an NOC is required from the builder/society, for which they charge.
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  • Originally Posted by fatichar
    But it seems an NOC is required from the builder/society, for which they charge.


    Thats probably because buyer is taking loan. Banks will ask for NOC.
    Even if the builder is charging money for NOC, it will be from seller only, he will not demand the same from buyer also. If he is really doing that, then its height of corruption
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  • No, builder is not demanding from buyers. Builder wants Rs 150 psf as transfer charges, which sellers split 50-50 with the buyer.
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