In Maharashtra, transfer of a flat in a co-operative housing society involves both the transfer of ownership of the flat and the transfer of membership in the society. This is governed by the Maharashtra Cooperative Societies Act, 1960 and the Model Bye-Laws of Co-operative Housing Societies.
When Is Transfer Required?
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Sale of flat to a new buyer
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Gift or inheritance (succession/will)
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Nomination in case of a member’s death
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Transfer due to court order or family settlement
Transfer Procedure in Housing Society:
1. Application to Society
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Submit a written application for transfer of share and interest.
2. Submission of Required Documents:
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Transfer application (Form 20 & 21)
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Copy of registered sale deed / gift deed / will
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NOC from the outgoing member (if alive)
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Membership resignation letter
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Application for membership by the new owner
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Stamp duty and registration proof
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ID & address proofs (PAN, Aadhaar)
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Transfer fee (₹500 as per bye-laws)
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Share certificate (original)
3. Payment of Transfer Charges
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Society may charge up to:
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₹500 (transfer fee)
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₹25,000 (premium, if applicable) – subject to society’s bye-laws
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4. Verification by Managing Committee
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Society verifies documents and may conduct due diligence.
5. Resolution in Committee Meeting
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Society passes a resolution approving the transfer.
6. Issue of Share Certificate
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Society endorses or reissues the share certificate in the name of the new member.
Legal Notes:
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Society cannot deny transfer without valid reason.
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In case of dispute, parties can approach the Registrar of Cooperative Societies.
Key Documents Required:
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Registered agreement/deed
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Share certificate
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No dues certificate from society
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PAN & Aadhaar of both parties
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Affidavit/Indemnity (if required)
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Death certificate & nomination form (in case of deceased member)
🏢 Transfer of Flats / Membership – A Mumbai Society Story
Rajesh wanted to sell his flat in a popular Mumbai society in Mulund. But when the buyer asked for the society membership transfer, Rajesh realized he didn’t know the process.
Without a proper Transfer of Membership, the buyer wouldn’t get society rights like voting and facility access.
Rajesh contacted DRS Group, who handled the entire process smoothly:
✅ Obtained society NOC
✅ Prepared and submitted transfer documents
✅ Coordinated with the managing committee
✅ Got the membership officially transferred to the buyer’s name
The sale was completed without any legal hassle, and the buyer happily became a full member of the society.
📌 The Takeaway:
Always complete the Transfer of Membership to ensure full ownership rights and avoid future disputes.
DRS Group – Trusted Experts in Flat & Membership Transfers.
We make your property deals hassle-free.
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