How to Transfer Deceased Owner’s Share in Housing Society

How to Transfer Deceased Owner’s Share in Housing Society

Losing a co-owner—especially a parent—creates both emotional and legal challenges. When a flat is held jointly and one holder passes away, the transfer of share, title, and interest must follow a clear legal process. Let’s understand what you need to do in your situation.

Key Issue: Is NOC on Stamp Paper Valid for Transfer?

Many people believe that a No Objection Certificate (NOC) is enough to transfer ownership. However:

  • NOC is NOT a valid legal instrument for transfer of property
  • Transfer must be done through a registered document
  • Society cannot act on NOC alone

This is because property rights are governed by formal legal procedures under
Maharashtra Cooperative Societies Act, 1960

What Happens If There Is No Will?

In your case:

  • Your mother did not leave a Will
  • Hence, succession will be governed by inheritance laws

All legal heirs are entitled to a share:

  • Two sons
  • One surviving daughter
  • Legal heirs of the deceased daughter

This means the 50% share of your mother will be distributed among all heirs, unless they relinquish their rights.

Available Legal Options for Transfer

To transfer your mother’s share entirely in your name, you have two primary options:

1. Registered Release Deed

  • All legal heirs must:
    • Sign a Release (Relinquishment) Deed
    • Declare they give up their rights in your favour
  • Must be:
    • Stamped and registered

This is the most common and straightforward method.

2. Family Arrangement Agreement

  • All heirs agree on distribution of property
  • Document must be:
    • Written, stamped, and registered
  • Useful when:
    • Multiple assets are involved

Procedure to Be Followed with the Society

Once you complete the legal documentation:

  1. Submit application to society with:
    • Copy of registered deed
    • Death certificate of your mother
    • Share certificate copy
  2. Society will:
    • Place the matter before the Managing Committee / General Body
    • Approve transfer
  3. Post approval:
    • Name of deceased member will be deleted
    • Your name will be recorded as sole owner
    • Share certificate will be endorsed/updated

These steps are governed under Sections 154B-12 and 154B-13 of
Maharashtra Cooperative Societies Act, 1960

Important Points to Remember

  • Society cannot transfer shares based on:
    • NOC
    • Affidavit
    • Informal consent
  • Registered legal document is mandatory
  • Legal heirs must:
    • Either claim their share
    • Or formally relinquish it

What If Heirs Do Not Cooperate?

If any heir refuses:

  • You cannot claim full ownership directly
  • You may need to:
    • File a succession case in court
    • Obtain a succession certificate or court order

Role of Share Certificate

After transfer:

  • Society will:
    • Update share certificate
    • Record changes in:
      • Membership register
      • Property records

This ensures your ownership is legally recognised within the society.

Conclusion

An NOC—even on stamp paper—does not transfer ownership rights. In the absence of a Will, all legal heirs have a claim. To become the sole owner, you must obtain a registered release deed or family arrangement from all heirs and submit it to the society. Once done, the society is bound to update records and transfer the shares in your name.

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