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Real Estate Forum on Transfer Fee

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Q: i have purchased a flat directly from builder in a complex where society is already formed. Now society is demanding for transfer charges payment to register myself as a society member. Is it compulsory to pay transfer charges in case if the agreement is directly done with the builder ?

Latest Answer: Right.... sometimes a society is formed to take care of maintenance, repairs, etc. When the service society demands transfer charges from the owner, then it is illegal. The service society has no relevance in matters of ownership of flats and hence cannot charge any transfer fee.
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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.
Latest Answer: Though the transfer fees is an extra burden on buyers’ shoulders, at times, it is justified to control active investor participation.
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