Who is the responsible for society conveyance fees a buyer or a seller Who is the responsible for society conveyance fees a buyer or a seller

1 month ago

Because we submitted transfer fees half half to society but seller is saying that we need to do half half society conveyance fees because society has been not yet made up to his point of view but for NOC for home loan need to submit 12 k society conveyance fees to them

Legal Counsel Vidhikarya

Responded 1 month ago

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A.Dear Client,
Society transfer charges are typically paid by the property buyer, as part of the costs involved in acquiring rights to the apartment within a cooperative housing society. Transfer costs are paid by the buyer of the property, to a conveyancing attorney who is appointed by the seller of the property. This is one of the additional costs borne by the buyer for acquiring property.
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Anik

Responded 1 month ago

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A.Dear client, the society conveyance fees has to be paid by the property buyer as part of acquiring rights over the property.
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