LawRato

CIDCO TRANSFER AFTER GIFT DEED REGISTRATION


13-Dec-2023 (In Property Law)
I have transferred the ownership of my flat to my daughter through a registered gift deed and paid required stamp duty but CIDCO transfer has not been done. Society had already completed CIDCO transfer formalities for building. Kindly advise what needs to be done for CIDCO transfer of flat in the name of my daughter. Gift deed has already been registered.
Answers (1)

Answer #1
633 votes
Any Transfer of property in Navi Mumbai attracts levy of applicable charges to be paid to CIDCO depending upon the carpet area of your apartment.
The transfer charges increase by 10% every year and only upon payment of transfer charges, the transfer is accepted and held legal by CIDCO.
An application in the prescribed format with Transfer charges varying as per carpet area of Apt. are required to be submitted to CIDCO for the Transfer.
If you require any legal assistance regarding name Transfer, kindly contact through lawrato.

regards,
Adv. Shrikant Bagade
People also ask

What is the cost of CIDCO transfer?

CIDCO, as a town planner to decongest Mumbai, has entered into a 60-year lease agreement with the majority of housing societies in Navi Mumbai. A flat buyer pays an existing transfer premium of Rs. 25,000 per the Maharashtra Co-operative Societies Act, 1960, and its byelaws.

What are the property transfer charges in Navi Mumbai?

Registration Charges in Navi Mumbai For properties under Rs 30 lakh = 1 % of the value. For properties above Rs 30 lakh, Rs 30,000. For properties under Rs 30 lakh, 1% of property value. For properties above Rs 30 lakh = Rs. 30,000. 27-Mar-2023

Is CIDCO transfer mandatory?

The CIDCO NOC will be required if you purchase a resale where there is no conveyance deed and a society has been formed. 19-Apr-2023

How do I transfer my CIDCO flat?

Form for submitting an application Certificate of registration for a society Copy of the agreement with the builder Copy of the occupancy certificate Copy of the graduation certificate Architects certificate. Copies of the approved master plan, plus more information if necessary.

  

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."