As per the Maharashtra Cooperative Societies Act, 1960, the Society cannot ask a member or a member to be to pay more than INR 25,000/- towards transfer charges.
But these days the Society under the name of other charges take the extra money.
It is upto you to pay the INR 25, 000/- or more. You can challenge this move before the Registrar of Cooperative Societies.
Clause No. 3.10 pertaining to Transfer of flat and transfer fee of the Manual annexed to the Directives dated 15th April 2011 given to all the Cooperative Housing Societies under Section 79 (A) of the Maharashtra Cooperative Societies Act, 1960, the Govt. of Maharashtra, states that:
"Amount of Premium shall be maximum Rs.25,000/-. Similarly it shall be
Rs.25,000/- or the amount which was approved by the General body meeting of
the society whichever is less. The said provision is applicable to all the flat and
plot owner’s of society"