{"id":5512,"date":"2025-06-23T13:30:29","date_gmt":"2025-06-23T13:30:29","guid":{"rendered":"https:\/\/housiey.com\/blogs\/?p=5512"},"modified":"2025-06-23T13:30:29","modified_gmt":"2025-06-23T13:30:29","slug":"big-relief-for-flat-owners-no-transfer-charges-on-gift-deeds-to-family-members","status":"publish","type":"post","link":"https:\/\/housiey.com\/blogs\/big-relief-for-flat-owners-no-transfer-charges-on-gift-deeds-to-family-members","title":{"rendered":"Big Relief for Flat Owners: No Transfer Charges on Gift Deeds to Family Members"},"content":{"rendered":"<p>In a welcome move for housing society members, it has been reaffirmed that no transfer premium or charges are applicable when a flat or share is transferred via a registered gift deed to a close family member. This applies in cases such as the demise of a member, nomination, inheritance, or mutual exchange of flats between members.<\/p>\n<p style=\"text-align: center;\"><em><strong>Also Read:-\u00a0<a href=\"https:\/\/housiey.com\/blogs\/blogs\/how-to-transfer-property-from-husband-to-wife-in-india-2025\">How to Transfer Property from Husband to Wife in India 2025<\/a><\/strong><\/em><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/housiey.com\/blogs\/big-relief-for-flat-owners-no-transfer-charges-on-gift-deeds-to-family-members\/#Who_Qualifies_as_a_%E2%80%98Family_Member\" >Who Qualifies as a &#8216;Family Member&#8217;?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/housiey.com\/blogs\/big-relief-for-flat-owners-no-transfer-charges-on-gift-deeds-to-family-members\/#Understanding_Parking_Allotment_in_Redevelopment_Projects\" >Understanding Parking Allotment in Redevelopment Projects<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/housiey.com\/blogs\/big-relief-for-flat-owners-no-transfer-charges-on-gift-deeds-to-family-members\/#What_Happens_During_Redevelopment\" >What Happens During Redevelopment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/housiey.com\/blogs\/big-relief-for-flat-owners-no-transfer-charges-on-gift-deeds-to-family-members\/#Dissenting_Opinions_Protect_Yourself_Legally\" >Dissenting Opinions? Protect Yourself Legally<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/housiey.com\/blogs\/big-relief-for-flat-owners-no-transfer-charges-on-gift-deeds-to-family-members\/#Heres_What_You_Should_Do\" >Here\u2019s What You Should Do:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/housiey.com\/blogs\/big-relief-for-flat-owners-no-transfer-charges-on-gift-deeds-to-family-members\/#Why_Is_This_Important\" >Why Is This Important?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Who_Qualifies_as_a_%E2%80%98Family_Member\"><\/span><b>Who Qualifies as a &#8216;Family Member&#8217;?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>As per the cooperative housing society bylaws, family members include:<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Spouse (husband\/wife)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Parents<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Children<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Siblings<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In-laws<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Grandchildren<\/span><\/li>\n<\/ul>\n<p>If the gift deed is executed in favour of any of these defined relations, the usual transfer fee of \u20b925,000 is waived. However, if the property is gifted to someone outside this defined group, then the standard premium charges apply.<\/p>\n<p>The society, in either case, will require a registered copy of the gift deed\u00a0and may charge a nominal administrative fee of \u20b9500 to record the transaction.<\/p>\n<p style=\"text-align: center;\"><em><strong>Also Read:-\u00a0<a href=\"https:\/\/housiey.com\/blogs\/blogs\/bihar-stamp-duty-registration-charges-2025-housiey\" target=\"_blank\" rel=\"noopener\">Bihar Stamp Duty &amp; Registration Charges 2025 | Housiey<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Understanding_Parking_Allotment_in_Redevelopment_Projects\"><\/span><b>Understanding Parking Allotment in Redevelopment Projects<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Housing societies undergoing redevelopment must be especially cautious about parking allotments. Here&#8217;s what members need to know:<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Happens_During_Redevelopment\"><\/span><b>What Happens During Redevelopment?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Redevelopment can commence with the <\/span>consent of just 51% of members.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">The general body finalises key redevelopment terms, such as parking, before selecting a developer.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">These terms must be clearly stated in the Development Agreement\u00a0and later reflected in each member\u2019s Permanent Alternate Accommodation Agreement (PAAA).<\/li>\n<\/ul>\n<p><b>How Is Parking Allotted?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Parking slots (type and number) are allocated by the developer and documented in the agreement.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">If parking is shared on a rotational basis (e.g., alternating between upper and lower basements), this must be clearly mentioned in both the Development Agreement and each PAAA.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Existing society members are typically covered under these agreements.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">New flat buyers, however, may not be eligible for rotational parking and can be sold parking slots by the developer, subject to availability.<\/li>\n<\/ul>\n<p>As per <a href=\"https:\/\/maharera.maharashtra.gov.in\/circular\">MahaRERA Circular 36 of 2021<\/a> and <a href=\"http:\/\/maharera.maharashtra.gov.in\/sites\/default\/files\/Orders_and_circulars\/OrdeNo54.pdf\">Circular 54 of 2024<\/a>, all such parking allotments must be transparently documented in the Agreement for Sale.<\/p>\n<p style=\"text-align: center;\"><em><strong>Also Read:-\u00a0<a href=\"https:\/\/housiey.com\/blogs\/blogs\/maharera-latest-rules-ensuring-clearer-delivery-timelines-and-homebuyer-protection\">MahaRERA Latest Rules Ensuring Clearer Delivery Timelines and Homebuyer Protection<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dissenting_Opinions_Protect_Yourself_Legally\"><\/span><b>Dissenting Opinions? Protect Yourself Legally<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you&#8217;re a managing committee member or a general body participant and disagree with any resolution or redevelopment decision:<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Heres_What_You_Should_Do\"><\/span><b>Here\u2019s What You Should Do:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Your dissent <\/span>must be recorded in the meeting minutes by the Secretary.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">If your dissent isn\u2019t recorded, you can escalate the issue by writing to the Registrar within 7 days, attaching:\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\">An extract of the meeting minutes<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\">Your written dissent<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><em><strong>Also Read:-\u00a0<a href=\"https:\/\/housiey.com\/blogs\/blogs\/maharera-2025-rera-maharashtra-registration-complaint-projects-agents\">MahaRERA 2025: RERA Maharashtra Registration, Complaint, Projects &amp;#038; Agents<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_This_Important\"><\/span><b>Why Is This Important?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Under Section 73 (1AB) of the Maharashtra Cooperative Societies (MCS) Act, 1960, managing committee members are jointly and severally liable for decisions made. However, the law also provides protection:<\/p>\n<p>If a committee member records a dissenting opinion in the minutes, they cannot be held accountable for that specific decision later.<\/p>\n<p><span style=\"font-weight: 400;\">This legal safeguard is crucial in avoiding blame or liability for any future fallout from controversial or detrimental decisions.<\/span><\/p>\n<p><b>In Summary:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Gift deeds to defined family members attract no transfer charges<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Redevelopment requires detailed agreements<\/b><span style=\"font-weight: 400;\">, especially regarding <\/span><b>parking allotment<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Dissenting voices have legal protection<\/b><span style=\"font-weight: 400;\">, but only if recorded properly.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center;\"><em><strong>Also Read:-\u00a0<a href=\"https:\/\/housiey.com\/blogs\/blogs\/maharera-orders-lodha-developers-to-refund-%e2%82%b96-65-lakh-to-nri-couple-after-home-loan-rejection-for-mulund-project\">MahaRERA Orders Lodha Developers to Refund \u20b96.65 Lakh to NRI Couple After Home Loan Rejection for Mulund Project<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a welcome move for housing society members, it has been reaffirmed that no transfer premium or charges are&hellip;<\/p>\n","protected":false},"author":3,"featured_media":5513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[70],"tags":[2610,2611,2612],"class_list":["post-5512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-charges-on-gift-deeds","tag-no-transfer-charges","tag-transfer-charges-on-gift-deeds"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>No Transfer Charges on Gift Deeds to Family Members<\/title>\n<meta name=\"description\" content=\"No transfer charges on gift deeds to family! 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