A Conveyance Deed transfers the legal ownership of the land and building from the builder/developer to the cooperative housing society. Without it, the land remains registered in the builder’s name, meaning the society cannot proceed with redevelopment or claim FSI benefits.

If the builder fails to convey title within 4 months of society registration, the society can apply directly to the Deputy District Registrar (DDR) for a Deemed Conveyance under MOFA Section 11. The DDR will pass a unilateral order allowing the society to register the property under its name.

Under cooperative regulations, a minimum of 10 flats or individual buyers are required to submit an application (Form A) for housing society registration.

Service charges (office cost, manager, security, common lighting) are shared equally. Sinking fund (min 0.25% of construction cost per annum) and repairs fund (min 0.75% of construction cost per annum) are calculated on the flat construction value. Water is distributed by usage/inlets, and common electricity is shared equally.

Yes, but the transfer premium fee is strictly capped at a maximum of ₹25,000 as per state cooperative guidelines. Charging a higher premium or claiming donation charges to approve a sale is illegal.

Housing societies can levy simple interest on outstanding maintenance arrears at a maximum rate of 21% per annum, as approved in the general body resolutions.

No. Non-occupancy charges (which are legally capped at 10% of service charges) are only applicable if the flat is sublet to a tenant. If it is occupied by immediate family members (parents, spouse, siblings, children), no non-occupancy charges can be levied.

It is the tax doctrine stating that a society cannot make profit from itself. Contributions collected from members for maintenance, parking, and utility reserves are exempt from Income Tax. Non-mutual incomes, such as bank FD interest, commercial shop rent, and mobile tower leases, are fully taxable.

GST is applicable at 18% only if the society’s annual aggregate turnover exceeds ₹20 Lakhs AND individual monthly maintenance bills exceed ₹7,500 per member. If maintenance is under ₹7,500, or turnover is under ₹20 Lakhs, GST registration is not mandatory.

Yes. Passed-through expenses like municipal property taxes, municipal water bills, and statutory sinking/repairs funds are excluded from the ₹7,500 maintenance threshold calculation.