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CIDCO Transfer Charges

CIDCO TRANSFER CHARGES FOR HOUSE )

With Effect From 01.04.1997.
DEVELOPING NODES Area DEVELOPING NODES
Rs. (CARPET) Rs.
6,700 Upto 20.5 Sq. Meters 8400
10,000 20.5 to 30.49 Sq. Meters 12600
13,500 30.5 to 40.49 Sq. Meters 16900
20,200 40.5 to 50.49 Meters 25300
27,000 50.5 to 60.49 Meters 33700
33,700 60.5 to 70.49 Sq. Meters 42100
40,500 Above 70.5 Sq. Meters 50600
Developed Nodes are:
VASHI , SANPADA , NERUL, BELAPUR, AIROLI, KOAR , KHARANE.
Developing Nodes are :
KHARGHAR , KALAMBOLI, ULVA, NEW PANVEL, GHANSOLI, DRONAGIRI .
Note: It is an open secret that at times Cidco transfer charges can be more than the value of the shop. This is one of the reasons why prices at Navi Mumbai are not increasing .They have to pay stamp duty. Society transfer charges , Cidco transfer charges . Recently Cidco has started taking transfer charges on sale of flats/shops in the plots allotted to co-operative societies

3 Comments

  1. sanjeev kumar
    Posted on March 12, 2010 at 2:50 pm

    just a simple calculation:

    if a flat gets sold 3 times in 5 years, its cost will be 50% up with all these duties and other exps:

    example – take a flat value of 50 lacs, yu have to pay every time around 6% stamp duty+regn, 2+2% brokerage (both side), around 1.5% cidco transfer, 25k society transfer, 20k legal exps, other documentation charges like notary, photocopying etc. all this will add up to Rs. 6.5 lacs which will get added on compounding basis on every sale. what a great earning.

  2. Simran
    Posted on May 12, 2011 at 1:58 pm

    Dear Sir / Madam
    I have purchased a resell flat (area of flat is 616sq build –up ) . There are total 14 Flats in our society. Our society is not yet formed. Formation of society is under process each flat owner has to pay 30000/-

    Since we have purchased a resell flat we have to pay the double amt i.e 60000/-.

    Can this amount be reduced to some extend.

    Pls advice ……

    Waiting for your reply………..

    Regards, Simran

  3. ATUL
    Posted on March 6, 2012 at 12:52 pm

    my father purchased a flat since 2000-2001. at that time my father paid stamp duty..,to made a agreement after 2yers my father is death…in current year (2011-12)i ask the Que. is ki…this flat transfer my mother name at that time also paid a stamp duty????????????

    1) why this time duty Paid again?
    2)If Paid As Per Rules So Whats Procedure & All?

    Pls Advise……./Suggest Me>>>>>>>

    Waiting For Ur Reply…..

    Thanks & Regards… ATUL

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