Real Estate Agency

New rates for CIDCO transfer charges released

Cidco charges for transfer of every property via sale/purchase agreements.Find out everything you need to know

After much delay from its set deadline of 1st April of every year, CIDCO finally released the new Transfer Charges for plots,shops and flats in Navi Mumbai region.These are valid on all properties bought or sold in Navi Mumbai.The rates usually go up 10% every year.They are calculated on the carpet area of the shop/flat and depend on the location.The Time taken to complete the procedure is stated as 20 days by CIDCO, but in reality it can take anywhere from 1 month to a couple of months due to the absolute chaos, total corruption and lack of systems prevailing in CIDCO offices.

The corruption is so blatant that its running under the very nose of the so called ‘Vigilance Dept’ located on the 5th floor of the same building !! Total connivance of Vigilance Dept with the corrupt officials cannot be ruled out as it is seen that the corrupt officers continue in their duty even after they are found corrupt. Any questions are simply answered by saying ‘we have forwarded the inquiry to concerned dept and they will take action’. This is nothing but a cruel joke on the citizens of the country.

Any complaint to the officers is simply brushed aside or the complainant is made to do so much running around that he is forced to give up. The level of corruption going on in CIDCO has also led to murders of staff in the past. Even the harmless looking women sitting behind counters on the first floor in the estate department are corrupt to the core. Looks can be really deceptive. All are heavily involved in taking money and bribes to process your files. In such a situation it can be easily said that CIDCO is one of the most corrupt organisations in the country.


It is mind boggling that CIDCO should charge 18% GST on CIDCO Transfer.
Is noting down change of ownership for money a service ?
Why is CIDCO putting burden of thousands of rupees on an already ridiculous procedure ?
Why is CIDCO taking thousands of Rupees via CIDCO Transfer in the first place ?


In a new move, CIDCO has started charging 18% GST on All NOCs … which means every transfer/NOC will now cost thousands of rupees more
This Circular was issued on 5th December 2017…and will also be sent to all who were issued NOCs after July 2017
For issuing Mortgage NOC, CIDCO charges Rs 500+18% GST as processing fees

We can provide our professional services to facilitate CIDCO Transfer Process for a nominal charge of Rs 10,000 (all inclusive).If you want a Mortgage NOC also, then the charge for both will be Rs 12,000 only.

 

 

However, if you only want the documentation work and preparation of various documents  by us, it will cost you Rs 3,000 and you will have to do all the submissions and follow-ups at CIDCO by yourselves.You can pay online and documents will be prepared and sent to you via courier in 2 working days. Even if your society conveyance is not done, it is advisable to get all the documents for CIDCO transfer signed and ready as the seller may not be traceable if and when the society manages to get the Conveyance done after a few years.
We only need a copy of your sale agreement/sale deed to process the documentation.You can mail a scanned copy or send it via courier.

Call 9987452642
Cidco Transfer charges 2018

You can download the Latest (2017) PDF chart here CIDCO TRANSFER CHARGES 2017

You can download the PDF chart for 2016 here CIDCO TRANSFER CHARGES 2016

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