TRANSFER / SALE OF DU
The following rules shall govern the transfer / sale of a DU by an allottee
(a) Transfer / Sale of a DU by an allottee to any person, who is eligible for an AFNHB scheme, as per para 0302, is permitted at any time after taking over physical possession.
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(b) An allottee is not permitted to transfer/sell the DU to non eligible personnel within three years from the date of taking over physical possession while in service. In case of retired personnel this period is limited to one year.
(c) Transfer of farm units is permitted any time after taking over physical possession.
(d) Transfer of DU on account of natural succession, does not have any time restriction.
AFNHB does not recognize sale of Dwelling Unit on Power of Attorney. The sale of a Dwelling Unit and associated parking by an allottee is required to be processed through the concerned Society and AFNHB Headquarters.
Procedure for Transfer / Sale
The procedure for transfer / sale of property by an allottee is enumerated below:-
(a) The allottee is to firstly intimate his intention to transfer / sell his dwelling unit to the concerned society for issue of the following certificates after due verification that the transfer is as per the bye-laws of the Society and Civil Authorities.
(i) No Dues / No Objection Certificate.
(ii) No encroachment / unauthorized construction certificate.
(b) The allottee is to thereafter submit the application (Appendix ‘J') to AFNHB for issue of NOC for the transfer / sale of DU along with the following documents.
(i) Society No Dues and No Objection Certificate - Appendix K
(ii) No Dues Certificate from Loaning Agency /Agencies.-
(iii) Undertaking by the Allottee / Joint Allottee as applicable-Appendix_L
(iv) Affidavit by Purchaser/Transferee - Appendix M
(v) Indemnity Bond by Purchaser/Transferee - Appendix N
(vi) Undertaking from Transferor - Appendix P
(vii) In case of Air Force / Naval personnel in service, a certificate from Commanding Officer to the effect that the person is in service while in the case of retired personal an Attested Copy of pension payment Order.
(viii) Copy of Registration of Dwelling Unit.
(c) On receipt of all the prescribed documents from the allottee and after due scrutiny, AFNHB issues NOC to the transferor and obtains an undertaking from him / her regarding receipt of full and final payment from the purchaser.
(d) On receipt of undertaking from the allottee stating that full and final payment has been received, AFNHB issues certificate for change of allotment of dwelling unit to transferee with a copy to transferor and society.
On Demise of Allottee
On demise of an Allottee, the widow, successor or the nominee shall forward an application countersigned by appropriate Authority along with the following documents: -
(a) Affidavit by Widow/Widower, Successor or Nominee - Appendix Q
(b) Indemnity Bond by Widow/Widower, Successor/Nominee - Appendix R
(c) Relinquishment Deed from the other - Appendix S
(d) Death Certificate.
(e) Certificate from Commanding Officer with regard to next of kin as per WILL (for serving personnel). A copy of the pension payment order (for retired personnel)
In the event of transfer / sale of DU, both the transferee and transferor shall be required to pay Administrative Charges individually to the Board as mentioned below:
(a) Officers Category. Rs 10,000/- (Rupees ten thousand only) each by the transferor and transferee. However, these charges will not be applicable in case the transfer takes place due to natural succession or within blood relation like Parents/Son/Daughter/Spouse. In case of Farm Units, transfer charges shall be Rs 2,500/- each by both transferor and transferee, for the first transfer and for subsequent transfers Rs.10,000/- each shall be charged from transferor and transferee.
(b) Airmen/Sailors Category. Rs 7,500/- (Rupees seven thousand five hundred only) each by transferor and transferee for each transaction. However, these charges shall not be applicable in case the transfer takes place due to natural succession or within blood relation like Parents/Son/Daughter/Spouse. In case of Farm Units, transfer charges shall be Rs 2,500/- each by both transferor and transferee, for the first transfer and for subsequent transfers Rs.10,000/- each shall be charged from transferor and transferee.