is it possible to get Rectification Deed for change in flat number
02-Jul-2023 (In Property Law)
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Khagen Swargiary
Can I exchange a Flat mutually with another member of same society within same building after Registration ?
Reply by
LawRato
Yes, it is possible to exchange a flat with another member of the same society within the same building after registration. However, there are certain rules and regulations that must be followed. According to the Maharashtra Cooperative Societies Act, members of a society are allowed to transfer their flats to other members of the same society. The transfer must be done through a registered instrument of transfer and must be approved by the society's managing committee. Additionally, the transfer must be done in accordance with the society's by-laws and rules.
It must be borne in mind that there may be additional fees and taxes associated with transferring a flat. For example, stamp duty may be payable on the market value of the flat being transferred. It is also important to ensure that all dues owed to the society have been paid before transferring the flat.
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