What will happen if we sell SRA property before 10 years lock-in period?

If you sell an SRA property before the 10-year lock-in period, you will be liable to pay a penalty. The penalty amount is equivalent to the stamp duty or Rs 1 lakh, whichever is higher. According to the housing department records, 13,000 SRA flat owners in Mumbai flouted the lock-in period and resold their property between 2011 and 2017. Irrespective of the new decision to halve the lock-in period, these owners will have to pay the state government 10 percent of the current ready reckoner rate as penalty.