Important update (2nd Oct, 2012)
In a major breakthrough for the conveyance problem of housing societies, the govt has now stepped in and made it clear that any builder who refuses to give conveyance to the flat buyers or co-op housing societies within 4 months of handover of flats to the buyers, the local deputy registrars office will give a deemed conveyance certificate automatically after being approached by the flat buyers.
This will bring to end the long and sordid chapter in Indian housing. Builders use the conveyance ploy to avoid handover of land and building to housing societies and continue to fleece buyers in the name of NOC. After being approached by flat buyers, the deputy registrar will call the builder and flat purchasers/societies. If it is found that the conveyance has not been given even after 4 months of handover of flats, the registrar will issue a deemed conveyance certificate.
Let us hope that this scheme is not just on paper but actually implemented in true spirit.
Remember : A builder is supposed to form a society at his expense as soon as 60% flats are sold…and is supposed to finish the conveyance to the society at his expense within 4 months of formation of the society.
THIS IS THE LAW !!
If the society needs conveyance in a hurry, it can obtain the conveyance at its own expense after sending notice to builder that they are proceeding with deemed conveyance but will take him to court after that and make him liable to reimburse them later, including the court and advocate charges.
Note : To file such a case and claim all the expenses, you must maintain proper receipts and accounts of the money you spend cause court will see all this before awarding compensation to society.
Judge will award compensation considering all circumstances and what he considers \’ reasonable\’. If you hire a top shot lawyer who charges thousands of rupees per appearance, court is not going to compensate you for that. It will only award what it considers reasonable.
-Mayur (Sky Properties)
Want to get Conveyance Done for your Society ? Contact us at the below address.
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Rate list for our services
| SERVICE | CHARGES |
|---|---|
| CIDCO Transfer only | 15,000 |
| Mortgage NOC only | 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% |
| Brokerage (Rentals) | 1 month rent/year |
| Consultation over Phone/Whatsapp/Zoom/Google Meet | 5,000/30 mins |
| Property Tax Name Transfer | 8000 |
| Water Bill Name Transfer | 8000 |
