Frequently asked Questions about Deemed Conveyance

Frequently asked Questions about Deemed Conveyance

Q.1) What is Conveyance?

Ans. Granting of Lease or Transfer of lease of land by CIDCO to Co-Operative Housing Society or to an Apartment Owners Association or a Company is known as Conveyance.

Q.2). How Conveyance is done?

Ans. For granting of lease by CIDCO, a detailed procedure is available with Estate Department. For transfer of lease by CIDCO, a Tripartite Agreement bearing signatures of Transferor, Transferee and CIDCO Authority has to be executed. The agreement should be properly stamped and registered in Stamp Duty Registrar’s office. Appropriate charges (transfer charges, service charges, water charges etc.) of CIDCO have to be paid. After this procedure, transfer of lease i.e Conveyance is completed.

Q3). What is the Deemed Conveyance?

Ans. In Transfer of Lease by CIDCO, if Transferor does not agree to sign the tripartite agreement, then under Section 11 of MOFA Act, 1963, the Competent Authority may grant unilateral conveyance to the Society / Apartment Owners Association / Company and register that instrument as a Deemed Conveyance after following the due procedure as per Act.

Q4). Is my Society Eligible for Deemed Conveyance?

Ans:. If your Society is registered on land leased by CIDCO in the following categories mentioned below, only then your Society is Eligible for Deemed Conveyance:-

1. Plot of land is tendered by CIDCO to an individual or company for construction of multiple tenements under MOFA Act, 1963.

2. Land is leased to PAP’s under 12.5% Scheme for development.

Q5). What is the procedure of Deemed Conveyance?

Ans:. After registration of a Society or an Apartment Owner’s Association or Company as the case may be, the promoter shall execute conveyance within four months of registration. If the promoter fails to execute the conveyance within four months, then that organization may make an application in writing to the Competent Authority with true copies of registered agreement for sale by each individual member of that organization (Society or any other) for issuing a certificate that such organization is entitled to have a unilateral deemed conveyance in their favor and have it registered.
The competent authority i.e. Joint Registrar of Co-Operative Society, CIDCO, after receiving such application will verify documents and after giving the promoters reasonable opportunities of being heard, and on being satisfied that it is a fit case for issuing certificate to the Sub-Registrar under Registration Act, 1908 for unilateral execution of Conveyance Deed conveying right, title and interest of promoter in favor of applicant and then will issue a certificate that it is fit for unilateral conveyance.
After registration of instrument, the deemed conveyance is executed. Lease will be transferred after all the necessary charges of CIDCO are paid.

Q6). What are the documents necessary to accompany an application for deemed conveyance?

Ans. List of documents required for Deemed Conveyance is as follows,

1) Application for Deemed Conveyance in Format VII
2) Society Registration Certificate
3) Chairman / Secretary Sale Agreement Copy
4) Registration Agreement copies by all Members
5) Flat & Shop owners list on society letter head
6) Agreement to Lease with CIDCO
7) Copy of Development Rights / Power of Attorney given to Builder by Villagers / Society / Owner
8) Copy of Occupancy Certificate
9) Copy of C.C.
10) Proposed Deemed Conveyance Agreement copy i.e. Deed of Assignment Deemed Conveyance.
11) Resolution passed by the managing committee for Deemed Conveyance.
12) Architect’s Certificate
13) Title Certificate
14) Plan copy
15) Rs. 2000/- required Court Fee
16) Affidavit
17) Indemnity Bond
18) Verification
19) Bandhapatra
20) Notice given to Builder & Land Owner.

Q 7). What are the Stamp Duty and Registration Charges of Sub Registrar Office?

Ans. When all individual members have paid the Stamp Duty and have registered their documents, then Stamp Duty payable is minimum and maximum registration charges are Rupees 30,000/-. The Actual Stamp Duty Charges will be computed by the adjudicating authority under Registration Act, 1908.

Q 8). What are Transfer Charges and other dues of CIDCO?

Ans: Charges of the CIDCO are as follows:

Sr. No. Carpet area in sqm. For properties in developed nodes such as Airoli, KK, Vashi, Sanpada, Juinagar, Nerul, CBD Belapur, Kharghar, Panvel For properties in other nodes such as Ghansoli, Ulwe, Kalamboli, Kamothe, Dronagiri
Apptts. including S.S Type units Shop, Office, Godown, SS type Shop cum Residential units constructed by CIDCO Apptts. including S.S Type units Shop, Office, Godown, SS type Shop cum Residential units constructed by CIDCO
1 Up to 20 14,641 29,282 13,310 26,620
2 21 to 30 22,627 45,254 18,634 37,268
3 31 to 40 30,613 61,226 23,958 47,916
4 41 to 50 43,920 87,846 35,937 71,874
5 51 to 60 59,895 1,19,790 47,916 95,832
6 61 to 70 74,536 1,49,072 59,895 1,19,790
7 71 to 80 91,608 1,83,216 71,874 1,43,748
8 81 to 100 1,27,776 2,55,552 1,01,156 2,02,312
9 101 to 150 2,23,608 4,47,216 1,77,023 3,54,046
10 151 to 200 2,67,531 5,35,062 2,23,608 4,47,216
11 200 sqm & above 3,54,036 7,08,092 2,67,531 5,35,062

Q.9).After obtaining unilateral Deemed Conveyance certificate from Competent Authority, within how many days the conveyance should be executed?

Ans: There is no time limit for execution of conveyance after obtaining unilateral Deemed Conveyance Certificate.

Q.10). If an individual member of the Society does not buy tenement/s from the promoter and if it is a resale property, then is it necessary to have the entire previous document registered?

Ans: For the purpose of Deemed Conveyance, government has dispensed with the necessity for chain of documents and relevant government resolution is available on the following link,
http://housing.maharashtra.gov.in

Q.11). After the Deemed Conveyance, is it necessary to obtain permission of CIDCO for re-development of the building?

Ans. Deemed Conveyance only allows unilateral conveyance of the ‘Lease Hold’ rights of the promoter. Rules and regulation of CIDCO imposed on the promoter remain as it is. Therefore, as per rules of CIDCO, the Society has to take necessary permission for re-development of the building.

Q 12). If Builder (Promoter) is not a member of the Society and holds some flats which are unsold, is it necessary for the Society to pay stamp duty charges regarding these flats ?

Ans. NO. As regard to the unsold flats, Society is not obliged to pay Stamp Duty to the Sub Registrar as per the Registration Act.

Q13). If a Society is formed by the people who had purchased flats from CIDCO authority, then whether Deemed Conveyance is applicable?

Ans. NO. When CIDCO sells a flat to an individual, then CIDCO comes into position of a promoter as per MOFA Act, 1963 and MOFA Act is not applicable to CIDCO. CIDGO has a mechanism of granting conveyance i.e grant of lease of plot to the Society and such a lease has been granted to number of Societies.

Q14). Does the Co-operative Housing Society get a Freehold title of the plot after obtaining the deemed conveyance?

Ans. The Co-operative Housing Society will get only Lease Hold rights of the plot after the deemed conveyance is executed. This is because all the land in Navi Mumbai acquired by GOM and vested with CIDCO for the development purpose is on lease hold basis only.

Q15). What are the benefits of Deemed Conveyance?

Ans. The Co-operative Housing Society which does not have a conveyance i.e lease of the plot, does not have a clear title of the plot on which the Society has constructed a building. Since, the Promoter (Builder) is not ready to appear before the authority for conveyance, the title of the plot is not passed on to the Society.

By executing the deemed conveyance, the Society gets a clear title of the plot. The Society can get the rights for re-construction of the building only when the deemed conveyance is executed.

By admin|December 4th, 2017|Frequently asked Questions about Deemed Conveyance|Comments Off

Procedure For Deemed Conveyance

PROCEDURE FOR FILING AN APPLICATION FOR DEEMED CONVEYANCE:
After the above mentioned conditions are fulfilled, the following steps shall be taken:

• Write a letter /email to builder/ promoter requesting him to provide a draft of the SALE DEED/ CONVEYANCE DEED or providing the draft to him and requesting him to sign the same.
• If the Builder rejects or postpones the same, send him a legal notice through an advocate requesting for the same.
• Even then if the builder refuses, File an application with the Registrar of Co-operative Societies together with all the relevant documents and 2000 Rs. Court stamp fees.
• Self-attestation all the copies enclosed (by the society)
• The Competent Authority will assess the application and if any documents are missing he will ask the applicant to correct the mistake within fifteen days.
• Thereafter, notice would be sent to the promoter and the land owners.
• After receipt of the notice by the land owners and the promoters, the authority will hear both parties in the first hearing and ask both parties to produce further evidences in next hearing.
• Thereafter, second hearing would be held and if the builder or landowners do not attend both first and second hearing then the authority will pass an exparte order.
• Thereafter, the third and final hearing would be held and the authority would be held and order would be passed unless a legal question is raised.
• Normally the whole process is completed within a period of 6 months.

DOCUMENTS REQUIRED:
Further, the application required to be made with the Registrar shall be accompanied by copies of certain 20 odd documents which the society shall have to prepare or get prepared.

The following are some of the documents required:-
1. 7/12 Extract
2. City Survey Map
3. N.A Order
4. Certificate under Urban Land Ceiling Act, 1976
5. Draft of sale deed etc.

After, the Application is heard by the Registrar he may grant an order for deemed conveyance which shall then be produced before a court for execution and hence the conveyance may be done by a court order.

The Procedure for Deemed Conveyance involves the following Stages:
Stage 1- Preparation for Deemed Conveyance
During this stage the Managing Committee prepares the Members of the Co- Operative Housing Society for Deemed Conveyance.
Stage 2- Documentation for Deemed Conveyance
During this stage the Documents Required for Deemed Conveyance are collected/ organized & the Case is prepared.
Stage 3- Legal Case for Deemed Conveyance
During this stage the case is filed before the Competent Authority & after contesting the same the Order & Certificate upholding the right of Deemed Conveyance of the Society is obtained.
Stage 4- Registration of Deemed Conveyance
During this stage the Deemed Conveyance Deed is Adjudicated, properly Stamped & Registered.
Stage 5- Transfer of Property after Deemed Conveyance
During this stage the Society Name is incorporated in the Land Revenue Records.

Let’s discuss each step in detail:
1. Preparation for Deemed Conveyance:
In this stage the managing committee needs to pass resolution to undergo deemed conveyance. A Special General Meeting is scheduled with prior notification and consent of all the members is obtained to move ahead.
During this SGM the following Resolutions are typically passed.
1. Resolution for going ahead with Deemed Conveyance
2. Resolution for Appointment of Authorized Representative
3. Resolution for Appointment of Legal Consultant for Deemed Conveyance
4. Resolution for Per Member Contributions

2. Documentation for Deemed Conveyance:
This is the most crucial step in obtaining deemed conveyance. It is a very meticulous job and make sure all the documents are lined up within the right format. You would require land revenue records, municipal corporation records, society records, property development records and professional certificates.
All these documents can be obtained from various departments such as Land revenue records from City Survey Office, Tahasildar/ Talathi Office & District Collector Office, municipal corporation records from Building Proposal Department of the Municipal Corporation. Society records and certificates can be obtained from society offices and professionals.
Once all the documents are lined up, society needs to fill in Deemed Conveyance Application- Form VII and attached all the related documents. In case of deemed conveyance, a legal notice is sent to the developer for their consent. In regular conveyance procedures, since the developers or promoters are willingly providing the rights lot of documents can be easily recovered from them.
Once the form is filled up and all documents are annexed it is submitted to the Competent Authority- the District Deputy Registrar of Co- Operative Societies of the particular District.

3. Legal Case for deemed conveyance:
Once the application is submitted to the authorities they issue Deemed Conveyance Scrutiny Report- Form VIII within 1 month. Once the compliance is provided the authorities issues Summons & Newspaper Notices to the Land Owners & Property Developers for appearing for the hearing.
During the hearing process authorities take into consideration the arguments of the both parties. The process takes place within 3-4 months. Once all the arguments are documented the office issues a Deemed Conveyance order within 1 month. The whole process is completed within 6 months as this is a time bound activity.

4. Registration of deemed conveyance:
A deemed conveyance deed is created during this phase and is signed by both societies and developers. If developers do not appear for hearing in the prior stage (Which is the case in deemed conveyance), authorities have the power to sign the deed on behalf of developers.
The society needs to conduct a meeting and appoint 3 members to sign the deed. Post that the deed is submitted to district stamp office for adjudication. If all the members have paid their stamp duty and if there is no balance FSI, the office issues adjudication certificate. (Note – Deed only requires Rs 100 stamp duty). The adjudication certificate needs to be then franked from local bank and resubmitted to registration office.
The registration office then issues notice to land owner/developer to verify if there is any stay order against the deed of conveyance. (Note – The developer can get the stay order only from high court). If there is no stay order the deed of deemed conveyance is registered and then the office issues scanned documents and Index II. This mark end of registration process and the society becomes the owner of the land and structure.

5. Transfer of property:
In this phase a new application is submitted to various departments to make mutation entries in their records. This would make the process complete.

FOR MORE DETAILS CALL:
VED LEGAL,
Adv. Gajanan Rahate
Mob: 9763040088
E_mail: [email protected]

By admin|December 4th, 2017|Procedure For Deemed Conveyance|Comments Off

Deemed Conveyance

Most of the flat-owners of the newly constructed apartments do not have their sale deeds or conveyance deeds or even names in the 7/12. Mostly in the newly constructed buildings, the builders provide for making a housing co-operative society to which they shall transfer their interest in the property. Then the builders make the society but do not pass on the title of the property (read ownership) to the flat-owners or the society till he has sold all the flats in the building. Thus the builders are benefiting from the buyers lack of awareness and information.

To curb this practice, amendments were carried out in the Maharashtra Ownership Flats Act, 1963, in 2008 to appoint a Competent Authority (Registrar of Co-operative Housing Societies) to hear the grievances of such apartment owners and to safeguard the interest of such societies.

MEANING OF DEEMED CONVEYANCE: Conveyance means to transfer or convey anything to another person. In the legal sense Conveyance refers to the transfer of ownership or other interest in the property to the other party. Conveyance Deed is a document executed to transfer the title of land and building in favour of Society or Association of Persons (AOP). A deemed conveyance means when the builder/ promoter/ developer of the project refuses to sign the conveyance deed the court can sign the same on behalf of the builder and record the same in the government records.

WHEN IS THERE A NEED FOR DEEMED CONVEYANCE: In a situation when a promoter or owner of residential premises/ buildings does not transfer/convey the ownership of the flats to the housing society or association of persons (AOP), the society or AOP can make an application to Registrar of Co-operative Housing Societies, to transfer the ownership of the said flats to them. This process is carried on through Deemed Conveyance of the title of the buildings and land in favour of the Society or AOP without the need of the builder to do so.

IMPORTANCE AND PROVISION OF LAW ON CONVEYANCE: As per the Housing Society bye-laws, the main objective of formation of the Society is to obtain the Conveyance; and if Conveyance is not given by the Builder within four months from the date of registration of the Society, a case can be filed against the Builder to obtain the Conveyance. As per Section 13 of Maharashtra Ownership Flats Act, 1963, failure to give Conveyance is an offence and the Builder can be imprisoned up to 3 years or fined or both.

By admin|November 10th, 2017|Deemed Conveyance|Comments Off

Advocates for Deemed Conveyance

Conveyance of Co- Operative Housing Society:-

Conveyance of a Property is transferring the Rights, Title, Interest and Ownership of the Property from the Seller to the Purchaser.

In case of a Co- Operative Housing Society (formed by the Flat Purchasers/ Owners under the provisions of Maharashtra Co- Operative Societies Act, 1960), Conveyance is transferring the Rights, Title, Interest and Ownership of the Land and Building from the Land Owner/ Property Developer to the Co- Operative Housing Society.

As per the provisions under Section 11 of Maharashtra Ownership Flat Act, 1963, Conveyance is the Right of the Co- Operative Housing Society and the Duty of the Property Developer/ Promoter to be executed within 4 months from the date of Registration of the Co- Operative Housing Society.

The Conveyance is to be executed by way of Conveyance Deed between the Land Owners & the Co- Operative Housing Society where the Property Developer is the Confirming Party. This Conveyance Deed is required to be Adjudicated & properly Stamped as per the Bombay Stamp Act, 1958 & thereafter Registered as per the Registration Act, 1908. It is required to obtain the Index II of the Registered Conveyance Deed. The copy of Registered Conveyance Deed along with the Index II is to be submitted to various Government Offices for change in the mutation entries of the Property.

After the Land and Building is conveyed in favour of the Co-operative Housing Society and the Title of the property is fully and finally recorded in the Property Card and other Revenue Records then only the Co- Operative Housing Society becomes absolute owner of the Property & the Title of the Co- Operative Housing Society becomes completely free and marketable

By admin|April 24th, 2017|Uncategorized|Comments Off

Deemed Conveyance

What does the law say?

Under section 11 of Maharashtra Ownership Flats Acts (MOFA), in case of Regular Conveyance, the Builder/ Developer/ Landowner/ Promoter are duty bound to co-operate with the CHS and execute a Conveyance deed before the Sub-Registrar and the original documents are handed over the new owners after completing all the necessary procedure.
When the developer i.e. the builder and the landowners are ready to sign the deed, the housing society can process the conveyance deed. When the builder or their heir create a hurdle is when the housing society can opt for deemed conveyance. The housing society needs to file an application in the prescribed format before the sub-registrar. Once submitted, the competent authority, within reasonable time which is not more than 6 months. After verifying the authenticity of the documents, the plea of the builder is heard. Once the competent authority is convinced that the society’s case is stronger, he/she issues the instrument of deemed conveyance.

By admin|February 3rd, 2017|Deemed Conveyance Pune|Comments Off

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By admin|January 30th, 2017|Uncategorized|Comments Off

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Advantages & Disadvantages of Deemed Conveyance in Pune?
Deemed Conveyance Pune

Advantages & Disadvantages of Deemed Conveyance in Pune?

Deemed Conveyance in Pune

Deemed Conveyance in Pune Advantages And Disadvantages

Meaning of Deemed Conveyance in Pune:

Conveyance Deed is a document executed to transfer the title of land and building in favour of Society. Importance and provision of law on Deemed Conveyance:

As per the Housing Society bye-laws, the main objective of formation of the Society is to obtain the Deemed Conveyance in Pune; and if Deemed Conveyance in Pune is not given by the Builder within four months from the date of registration of the Society, a case can be filed against the Builder to obtain the Deemed Conveyance in Pune. As per Section 13 of Maharashtra Ownership Flats Act, 1963, failure to give Conveyance is an offence and the Builder can be imprisoned upto 3 years or fined or both.

Advantages of Deemed Conveyance in Pune:

1. Getting a proper and legal title in the name of the Society.

2. Retaining the additional FSI as per the Government announcements.3. Property will be free and marketable.

4. Society can raise the loans for repairs and reconstruction by mortgage.

5. Permission from planning authorities is possible if the building has to be reconstructed at a later date due to dilapidation of the structure due to age or by earthquake.

6. Society can take the benefit of TDR.

7. Members can receive compensation from Builder on redevelopment of the building.

Disadvantages of Deemed Conveyance in Pune:

AUTHORISED COMMITTEE TO GET DEEMED CONVEYANCE IN PUNE OF LAND & BUILDING IN THE NAME OF THE SOCIETY TO AVOID FOLLOWING CONSEQUENCES

1. Even though you have purchased ownership flat, you are not the owner of the land and building.

2. In the event of a building collapse or damage to the building, you cannot reconstruct the building without the permission of the Builder / Land owner.

3. The Builder /Developer may mortgage the property purchased by you as he is the legal owner and holding the Title Deeds of the Property.

4. The Builder / Developer may transfer the FSI / TDR to his other projects and enjoy the commercial benefits, depriving the flat purchasers / Society of its legal entitlement.

5. The Builder may make profit by sale of open spaces, gardens, terrace, parking space belonging to the Society.

6. The Builder may demand a huge amount from the Society, if Conveyance is sought by the Society after a lapse of many years.

The Builder may sell the entire Development Rights and the Legal Rights on the land to third party and create a third party interest in the Property and the Society will have to incur a huge amount to clear the same

For any queries/information regarding Deemed Conveyance in Pune

Please contact us:
Advocates for Deemed Conveyance in Pune
Ved Legal
Email: [email protected] / [email protected]
Mobile: +91 9763040088

By admin|December 28th, 2015|Deemed Conveyance Pune|Comments Off

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Deemed Conveyance in Pune – Transfer of society land
Deemed Conveyance Pune

Deemed Conveyance in Pune – Transfer of society land

The Maharashtra State Government has recently issued an order, specifying details of how housing societies can go about applying the transfer process.

The state has decided to appoint competent authorities to help facilitate the process for the deemed conveyance in Pune (which means transfer of land title from landlord to society) .

The district deputy registrars and Joint Registrars of cooperative housing societies have been appointed as competent authority to handle and take care of applications received from housing societies for transfer of land.

In 2008, the state had made amendments to the Maharashtra Ownership of Flats Act, 1970.

The official further states that “The new order specifies that the competent authority can initiate the process of deemed conveyance in Pune where one or more than one building on a single plot, is fully developed”.

According to a rough estimate, around 40-45% of housing societies in Pune and Pimpri-Chinchwad are yet to get the deemed conveyance in Pune. Around 80,000 housing societies exist across the state of Maharashtra. The maximum numbers are in Mumbai, Thane, Navi Mumbai, Pune, Nashik and Nagpur.

Set Of Documents

A. Sale agreement between the promoters and the buyers.

B. 7/12 extract (this document has detailed information about the land on which the society

stands) and format number 6 issued by Revenue authorities.

C. Property card (this gives a summary of successive owners of the land)

D. Certificate for non-agricultural use

E. Building commencement certificate, building completion certificate, occupation

certificate.

E. List of flat buyers, proof of stamp duty payment, registration documents, etc.

For More information please contact us:
Consultants for Demmed Conveyance in Pune /Demmed Conveyance
Ved Legal
Email: [email protected] / [email protected]
Mobile: +91 9763040088

By admin|December 28th, 2015|Deemed Conveyance Pune|Comments Off

Procedure for Deemed Conveyance in Pune

The Procedure for Deemed Conveyance in Pune involves the following Stages

1- Preparation for Deemed Conveyance in Pune

During this stage the Managing Committee prepares the Members of the Co- Operative Housing Society for Deemed Conveyance in Pune.

2- Documentation for Deemed Conveyance in Pune

During this stage the Documents Required for Deemed Conveyance in Pune are collected/ organized & the Case is prepared.

3- Legal Case for Deemed Conveyance in Pune

During this stage the case is filed before the Competent Authority & after contesting the same the Order & Certificate upholding the right of Deemed Conveyance of the Society is obtained.

4- Registration of Deemed Conveyance in Pune

During this stage the Deemed Conveyance Deed is Adjudicated, properly Stamped & Registered.

5- Transfer of Property after Deemed Conveyance in Pune

During this stage the Society Name is incorporated in the Land Revenue Records.