Mumbai – Property transfer fee in Navi Mumbai has increased by fifty percent from April 1. Transfer fee for residential plots up to 20 square meters. 27,000 to Rs. Rupee. Transfer fee up to 1000. 77,000 are kept.
The transfer fee has been increased by fifty percent for the owners of registered housing societies flat and shops. A CIDCO official said that the old transfer fee will apply to the property owners applying for transfer before 1 April. 200 rupees for plots larger than 200 square meters. Per square meter. 1,11,100 Rs. Transfer fee per square meter for residential properties Rs. Up to 1000. 2,31,000. 26,700 will be applicable. Price of business properties of more than 200 square meters. Per square meter. Rate of rupee. 5,84,600 will be applicable. Transfer fee for commercial assets at least Rs. It will be 1,93,400 per square meter.
The issue of property transfer fee of the city and industrial development corporation has been controversial. Since 1992, Navi Mumbai Municipal Corporation (NMMC) is responsible for the maintenance of infrastructure. Residents are raising questions that if CIDCO is not managing the infrastructure, then why is the fee being charged.
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