Sir I wish to ask if my mother can gift me her flat which she has purchased in june 1993, also will the society charge me the transfer fee or Rs.25000/- which they charge in resale flats or will this be treated as internal transfer please advise.
Asked 3 years ago in Property Law from Mumbai, Maharashtra
Surely your mother can gift the flat to you. The gift deed has to be registered on payment of stamp duty as applicable in the State. Regarding transfer fee it depends upon bylaws of the society framed under the Cooperative Societies Act of the State. This part of your question therefore can't be answered straightway.
Advocate, New Delhi