Are CIDCO Transfer Charges Abolished?
No, CIDCO Transfer Charges have not been abolished. They are implemented under the New Bombay Disposal of Lands Act and the New Bombay Disposal of Land Rules. CIDCO Transfer Charges are governed by the New Bombay Disposal of Lands Act and the New Bombay Disposal of Land Rules. Any changes to these laws would require legislative action in the Assembly.
Here are some key points regarding the charges:
Revenue Generation: CIDCO earns hundreds of crores from these transfer charges, which are used for infrastructure development and staff salaries. Political Promises: Claims of abolishing these charges are often seen as false promises made by politicians who may not fully understand the economic implications.
Here's a detailed overview of CIDCO Transfer Charges in Navi Mumbai, including their significance, the issues of corruption, and the necessary documentation for property transactions.
CIDCO Transfer Charges Overview
Shops
Offices
Flats
Plots
Corruption Issues in CIDCO
Vigilance Department: Located on the 6th floor of CIDCO Bhavan in Belapur, it is alleged to be ineffective against corruption.
Appointment Difficulties: Unlike other municipal officials, securing an appointment with the Managing Director (MD) of CIDCO is notably challenging.
Bribery: While CIDCO officials may not engage in illegal activities for money, they often require payments for legal actions that should be straightforward.
RTI: Filing an RTI (Right to Information) request is suggested to uncover the truth, but the online RTI portal has reportedly collapsed to avoid transparency.
Transfer Charges Details
Annual Increase: Transfer charges typically increase by 10% each year.
Calculation Basis: Charges are based on the carpet area of the property and its location.
Processing Time: CIDCO claims a processing time of 20 days, but it often extends to 1-2 months due to inefficiencies.
Legal Context
Land Ownership: All land in Navi Mumbai is owned by CIDCO, which operates as a long-term landlord (60-year leases). Any transfer of property requires CIDCO's approval.
Consequences of Non-Payment:
If the previous owner has not paid the transfer charges, the new buyer is responsible for settling these charges.
Always verify the payment status before purchasing.
Required Documentation
Building Permissions: Completion Certificate (CC), Occupancy Certificate (OC), and Sanctioned Plans from CIDCO/NMMC.
Society Documents: NOC's and Resolutions approving the transfer
Final Order from CIDCO: Confirming the society's status as land owner.
Mortgage NOC: Required if taking a loan.
Court Order: For foreclosure under the SARFAESI Act.(If property is being repossessed and sold by bank)
Auction NOC: From CIDCO for selling flats via auction.
GST on CIDCO Transfer
The government does not charge GST on registration and stamp duty for property purchases, leading to concerns about the legitimacy of CIDCO's GST application.
Prior to 2014, there were no additional taxes on these charges.
Legal Implications
Without the payment of these charges, no property transaction is legally valid or complete. It's essential to be aware of this to avoid misinformation.
There are significant concerns regarding corruption within CIDCO, which is perceived to be more severe than in other municipal authorities.
When Are These Charges Payable?
After Registration of the Sale Agreement: This applies to a Part Payment Agreement.In Case of Full Payment: If the payment is made in one shot (without a bank loan), the charges are payable after the Sale Deed is executed.
Eligibility for CIDCO Transfer Charges
Conveyance Requirement: The society must have a Conveyance in its favor and must be listed in CIDCO records.Lack of Conveyance: More than 90% of societies do not have the necessary conveyance documented in CIDCO records, which can complicate and terminate transactions.
Conclusive Document for Society Conveyance
What is the conclusive document which shows Society Conveyance ?
Its something called ‘Final Order’, shown below..
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Current CIDCO Transfer Charges in Navi Mumbai |
Demanding Additional Documents:
Officials are requesting physical copies of applications and extra documents beyond what is officially required on the CIDCO website.
These may include:
Share Certificate copy
Society Members List
Copy of Final Order
These demands are illegal.
These may include:
Share Certificate copy
Society Members List
Copy of Final Order
These demands are illegal.
Absolving CIDCO of Responsibility:
Applicants are required to submit an Indemnity bond, which absolves CIDCO of any liability.This raises questions about why CIDCO needs these guarantees if they are not taking responsibility.
Frivolous Excuses:
Officials may claim the society is not uploaded.
If your society has a Final Order, it is CIDCO's responsibility to update records.
If your society has a Final Order, it is CIDCO's responsibility to update records.
Requesting Personal Visits:
Applicants are asked to collect the NOC letter in person, citing excuses like "the mail server is down" or "documents were not uploaded." This tactic aims to identify agents and extract bribes.
Rejected applications result in document deletion, making it difficult to verify if the documents were uploaded.
Rejected applications result in document deletion, making it difficult to verify if the documents were uploaded.
Handling the Rejection:
If an application is rejected due to "documents not being uploaded," the only recourse is to submit a fresh application.Visit the CIDCO office promptly the next day to verify the upload status in person.
Request the official to write on the NOC that it was handed over in person because the mail server was down, along with the date, time, and signature. This is unlikely to happen.
Online Complaint Portal:
The online complaint submission portal is available for reporting issues. However, there is no guarantee of satisfactory resolutions.
Official Time Limits for Issuing NOCs
CIDCO NOC: 21 DaysMortgage NOC: 7 Days
Societies Without Conveyance
Conveyance is Mandatory: Conveyance of land and building in the society's name is compulsory for CIDCO Transfer.Conclusive Proof:
The Final Order is the conclusive proof of society conveyance. Without this document, no CIDCO transfer is possible.
Here's a clear overview of the CIDCO Transfer Services we offer, including the pricing and details of the services provided:
CIDCO Transfer: ₹15,000 (all inclusive)
Mortgage NOC: ₹15,000
CIDCO Transfer + Mortgage NOC: ₹20,000
Only Drafting/Documentation: ₹5,000
Drafting and Registration of Sale Agreement/Sale Deed: ₹10,000
Brokerage: Purchase/Sale transaction: 2%Rentals: 1 month rent/year
CIDCO Transfer + Mortgage NOC: ₹20,000
Only Drafting/Documentation: ₹5,000
Drafting and Registration of Sale Agreement/Sale Deed: ₹10,000
Brokerage: Purchase/Sale transaction: 2%Rentals: 1 month rent/year
Consultation:Over Phone/WhatsApp/Zoom/Google Meet: ₹5,000 for 30 minutes
Payment Options
Payments can be made online via Gpay, PhonePe, or UPI.
Documentation ProcessWe only require a copy of the Sale Agreement to prepare the necessary documentation.You can send a scanned copy via email or send it through courier.
Delivery Timeline
Documents will be prepared and sent to you via courier within 2 working days.
Call 9987452642
If you have any further questions or need assistance with the CIDCO Transfer Process, feel free to ask! 😊
If you have any further questions or need assistance with the CIDCO Transfer Process, feel free to ask! 😊