According to a report in the Free Press Journal, Maharashtra state government has issued a Government Resolution updating the rules for sale, transfer, transfer by executed will, of flats in cooperative housing societies built on government-allotted lands.

This resolution by the Revenue and Forest Department states that three percent to five percent transfer fee shall be levied, based on the Ready Reckoner Rates.

If the transfer has taken place without due permission from the District Collector (DC), a three-percent transfer fee shall be levied.

If the transfer has taken place in direct violation of rules, a five-percent transfer fee shall be levied.

In a situation where buildings are redeveloped, such that extra new flats are constructed, the eligibility rules for existing members of the time of allotment will not apply to the new members (who purchase the extra new flats). But, after the purchase, it will become mandatory for new members to seek permission, in advance, from the DC upon transfer or mortgage of the flats in future.

However, no transfer fee is applicable in cases of transfer of flats to family members or transfer of flats through Gift Deeds or Executed Will.

Source