There are many formalities involved in buying and selling of flats. It can be an exciting yet tedious phase. I have been a witness to many such transactions and it is important that people know what are the documents required for transfer of flat in society beforehand. Or else, the process becomes too lengthy and cumbersome. It’s good that you are seeking this information here. I can help you out and hopefully others as well.
Draft a legally valid sale agreement with expert lawyers without any hassle. Click here Documents required for transfer of flat in cooperative housing societyIn any housing society there are bye-laws and proper process to carry out the transfer of flat ownership. Here is a list of documents you will require:
Letter of consent of the proposed transferee for the transfer of the shares and interest of the member
Application for membership of the society by the transferee
Form of undertaking to be furnished by the prospective member to use the flat for the purpose for which it is allotted.
Stamp duty payment agreement copy
A seller must submit
A written statement with reason for transfer
A resignation from the current membership
A letter of consent from the buyer stating he is in agreement with the transfer
No Objection Certificate from outside financial agency
A buyer must submit:
Application for membership along with the applicable fee
Cover letter informing the society of the transfer
Transfer form and transfer fee proof
Original Share Certificate
Transfer premium fee payment
An undertaking to follow all duties and liabilities of the society
Indemnity Bond
Possession Letter from seller to buyer
The society bye laws for transfer of flat dictate usually that these documents are submitted duly and everything is carried out legally. Once that is done, you can become a part of the housing society without any hassle.
I hope you have better clarity on
documents required for transfer of flat in society now.
Read more:
What are the documents required for khata transfer
What are the property documents required for home loan
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What are the documents required for transfer of flat in society?
Anju
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3 Year
2022-05-16T14:12:20+00:00 2022-05-16T14:13:24+00:00Comment
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