A few weeks ago, my brother asked my uncle, can I sell departmental society plot? I got totally confused after hearing this, as I wasn’t aware of this. To help my brother, I also researched at my end and as my uncle said, I also found that yes, it is allowed to sell departmental society plots, but there are several aspects to consider. I have listed those below for you.
Is It Allowed to Sell a Departmental Society Plot?
My uncle said it is possible to sell a departmental organisation plot. However, you should first review the particular rules and regulations of the organisation to which you belong, as there may be limitations to plot sales.
Here are a few points I found and my uncle also told my brother to consider before selling the departmental society plot.
Verify whether your society permits plot sales and if there are any requirements or limitations that you must fulfill before the transaction.
You must also check whether the plot's transferability is in the plot deed.
You must also consider the legal consequences before selling. My uncle said before closing the deal, ensure to get all the required paperwork and permissions from the relevant authorities.
Aside from this, my uncle told my brother you must also check out the latest market price at which you sell the plot. It depends on the plot's size, location, amenities, and current market scenario.
I would suggest you better take a professional lawyer’s advice before selling departmental society plots. I hope you found this helpful.
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Authors Of The Question
Can I Sell Departmental Society Plot?
Abhishek
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1 Answers
4 Year
2020-11-16T00:05:37+00:00 2025-01-02T13:10:43+00:00Comment
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