What is transfer fee of an apartment?

Q: Hi all, im looking to buy an apartment from an existing owner. He told me that t ransfer fee is charged at Rs 200. I dint understand what is it for? Somebody pls explain.

Vivek Kulkarni,

9th May 2013

Other in Delhi

transfer fee

buying resale property

buy apartment in delhi

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Replies (5)

Though the transfer fees is an extra burden on buyers’ shoulders, at times, it is justified to control active investor participation.

Joseph Sebastian, Kolkata

17th June 2013

Comment

Hi guys, transfer fee is banned in some other places also.. I don’t understand whats the use of that.. all states have to ban the levying of transfer fee..

Jeet Bhaskar, Delhi

16th June 2013

Comment

Yes dude, u r right.. Maharashtra govt has banned imposing transfer fee in the state. This will somehow save some amount for the buyers of resale properties.

Payal sharma, Ghaziabad

16th June 2013

Comment

But in Mumbai there will be no transfer fee as far as I know.

Arpit, Delhi-NCR

16th June 2013

Comment

Hi, are you asking about property transfer fee in terms of resale? It is the charge levied by developers to meet administrative expenses as transfer of booking involves a lot of administrative and documentation work besides few legal issues, which developer has to address.

James, Delhi

9th May 2013

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