Yes, you can definitely sell an SRA flat after 5 years. Earlier, this period was ten years, but in 2020, it was changed to only five years. You just need to be aware of a few things related to transferring the ownership. As a real-estate legal consultant, specialising in property laws, I have had many clients asking how can we sell SRA Flat after 5 years? I am sharing all the details you should know below.
How can We Sell SRA Flat After 5 Years in Mumbai?
There is a minimum lock-in period of an SRA flat, which is 5 years, after which there are certain rules and documentation you must follow to sell your flat legally.
First, you need to get an NOC from the SRA so that your name is added to the SRA records.
You also get a sales deed where you must pay the stamp duty for the transfer of ownership.
Make sure you have the title deed in hand, which must be in the name of the original seller. Also, keep property documentation and the bank’s release certificate ready.
To sell an SRA flat, you also need a few more documents: electricity bill, sales contract, SRA letter of approval, copies of PAN cards of both buyer’s and seller’s, flat’s occupancy certificate, and certificate of ownership in the society.
Also, don’t forget to check that the buyer has a domicile certificate, and the family does not own any other property in Mumbai.
The buyer should also be under one of the following categories: financial disadvantages, lower-income, or middle-income.
That’s all you need to know about selling an SRA flat. I hope this helps. You can get help from the
NoBroker Legal Teamto ensure all legal compliance.
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Can We Sell SRA Flat After 5 Years?
Rakesh879
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9 months
2025-03-21T10:18:22+00:00 2025-03-21T10:18:23+00:00Comment
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