When I decided to transfer the ownership of my MHADA flat, I was unsure about the MHADA transfer fees. It seemed like a simple process at first, but as I got into it, I realised there were a few hidden costs involved. To make sure everything was done right, I called in a professional to help me with the transfer. They explained everything clearly, and that’s when I understood the entire process better. I learned that these charges depends on the income group.
What are the MHADA Transfer Charges?
The MHADA transfer fees include a basic charge for processing the transfer of ownership. This fee can vary depending on factors like the type of transfer and location. I completely agree with Punam’s answer. Income groups are used to categorise the MHADA transfer costs. The fee for the Low-Income Group is Rs. 45 per square foot, with a maximum of Rs. 15,000 per year. The price for the Middle-Income Group is Rs. 55 per square foot, with a Rs. 25,000 upper limit. Finally, the pricing for the High-Income Group is Rs. 60 per square foot, with a maximum fee of Rs. 35,000.
On top of that, there are additional MHADA name transfer fees. These fees cover the cost of changing the name on the ownership papers, which is required for the process.
I needed to submit documents like identity proofs, sale agreements, and the original MHADA allotment letter. The professional made sure all the documents were in order to avoid delays.
I hope this helps!
Get Your Property Documents Verified Via Legal Experts at NoBrokerAlso Read:
What is the procedure to transfer a MHADA Commercial Property?
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MHADA transfer charges depend on which income group the applicant belongs to. Along with all the important documents, the applicant has to submit the following charges in cash or DD in a nationalized bank of the state.
Low Income Group @Rs 45/Sq.ft: Maximum of Rs 15,000
Middle Income Group @Rs 55/Sq.ft: Maximum of Rs 25,000
High Income Group @Rs 60/Sq.ft: Maximum of Rs 35,000
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Authors Of The Question
CHARGES FOR MHADA TRANSFER
SAGAR SAIGAONKAR
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3 Year
2021-08-28T12:26:37+00:00 2021-08-28T12:26:37+00:00Comment
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