Q:
Wanted to know if the NOC from CIDCO is required for transfer of housing society membership for re-sale flat. The flat is in a building constructed on plot based on tri-party agreement. The price of flat has been fully paid up to the seller, without any loan, and agreement duly registered.
To give a brief history. after the OC from CIDCO, and after Housing society was formed, just when builder in process of providing conveyance, which he eventually did, one fine day a letter from a lawyer was given at the gate. It mentioned that the set of heir's of original plot owner had put up a court case against Builder, CIDCO and another set of hier's. Former set of heir's were claiming that latter set had shared the compensation with them. We, the members of housing society, consulted a lawyer, who told use this is not unusual in this region, we should not worry, as the case has not been filed against us, unless there is direct notice to us.
But now after few 3-4 years, when resale of flat went ahead, now the present Housing society committee are denying to transfer membership to the new owners, after CIDCO has not provide NOC.
So is NOC CIDCO required for resale of flat not built by CIDCO, and when there is no home loan involved ?. And a housing society deny transfer of membership to the new owner with CIDCO NOC ?
Well, that depends on whether you the buyer or seller of the property and whether you and and buyer before you has paid the stamp duty or not. If the buyer before you has paid the transfer charges, then you don't have to worry. You just need to pay the transfer charges and you are Ok with that. But if the buyer before you has not paid the transfer charges then you are liable to pay it when you purchase it. So make sure that you purchase a flat only after checking that the previous owner has paid the CIDCO transfer charges.
You copy matter from my website and post as your own ?
Thats called plagiarism and that is a crime.
Atleast change some comma and fullstop
21st December 2021
In short, i want to explain that if you buy any property in Navi Mumbai,you are liable to pay transfer charges to CIDCO.,when you buy from the builder as a first purchaser,you are not liable for transfer charges. Because all land in Navi Mumbai belongs to CIDCO.They only give land on lease (long lease) and hence they are like a giant landlord.
You copy matter from my website and post here as your own. Its called Plagiarism..and thats a crime.
Atleast change some comma and fullstop before copying.
21st December 2021
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