NOC Charges

Q: I just want to know What are the process charges for the Resale Flat. are they necessary
Stamp Duty - OK
Registration Charges - OK
LBT/VAT - OK
Legal Charges - Ok
Transfer Charges - Taken care by the seller (?)
NOC Charges- ??? & What % is the NOC charges
please help to clearify

Krishna, Mumbai

26th May 2016

Buying property in Thane

noc charges

noc from builders

checklist before buying a resale flats

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Replies (4)

Hi folks,
Checklist before buying a resale flat:- 1) Construction agreement, where the Saleable area and common areas are mentioned, 2) UDS registration document, 3) Sale Deed, 4) Parent document for the Land on which the apartment is constructed, usually, it will be photocopy of all the documents bound as a book, 5) Floor plan of the apartment with structural drawings ( some banks as for this and some doesn't), 6) Property tax receipts, 7) NOC from the lender bank in case the previous owner bought it on loan, Recent Encumbrance Certificate applied on your name.

Dayananda, Mumbai

27th May 2016

Comment

Hi friends,
Maharashtra ends system of NOC. Flat owners will not need the No Objection Certificate (NOC) from builders for resale of their flats in housing projects where cooperative housing societies are yet to be formed. housing department has made it clear that such NOCs are not required under any law and should not be insisted upon.

Dayananda, Mumbai

27th May 2016

Comment

Yes, be careful. As per notification of Maharashtra Ownership Flats Act - Flat owners will not need the No Objection Certificate (NOC) from builders for resale of their flats in housing projects where cooperative housing societies are yet to be formed.

Ketalpujara, Mumbai

27th May 2016

What if housing society is formed .. Than do we have to take noc in case of resale

tejal oswal,

27th August 2020

Good evening Krishna,
Most of the housing societies and association pressurize buyer/seller and take extra money as NOC Charges. They call it by different names like "Development Charges", "Infra Fund" , "NOC Charges" and what not. But it is a matter of sad that buyer and seller are mostly in a hurry to close the transaction. So, this practice goes on and nobody is there to oppose. Society also makes money. So residents don't oppose. These charges are shared 50:50 by buyer and seller. If you want to fight the society, you can complain to the registrar. Else just pay your Rs.25000 and close the deal.

Sunil Joshi, Mumbai

27th May 2016

Comment

Yes, flat owners will not need the No Objection Certificate (NOC) from builders for resale of their flats in housing projects where cooperative housing societies are yet to be formed. Presently, flat owners are forced to secure the NOC from builders for reselling their flats. There are complaints that, builders charge hefty amounts in cash from flat owners seeking NOCs. You can complain to the registrar.

Shrikant Kejriwal, Mumbai

27th May 2016

Hi Krishna!!!!
There is no need for flat owners to seek NOC from builders before sale or re-sale of flats. There is no such provision in the Maharashtra Ownership of Flats Act ( MOFA).

It will not be mandatory for flat-owners and housing society residents to get NOC from builders while selling or transferring their property as Maharashtra Chief Minister Prithviraj Chavan. But it was declared on 2012, you have to check it with the local lawyer.

Sankalp, Mumbai

27th May 2016

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