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Procedure for Transfer of Membership

 

The list of documents required for a Transfer of Timeshare (Vacation Timeshares, Happy Vistas, Heritage and Gold Crown Memberships)

1. No Objection/ Transfer Letter signed by all the Transferors (Seller/s).
2. Acceptance letter from the Transferees (Buyer/s).
3. Fresh Application form duly filled-in & signed by all the new applicants (prescribed format).
4. Payment dues in all respects to be completed before transfer.
5. Transfer Charges (details given below) by DD in favour of 'Sterling Holiday Resorts (India) Limited' payable at Chennai.
6. In case of membership with RCI, fresh RCI enrolment form (
prescribed format) duly filled & signed by all the new applicants (restricted to two) and enrollment fee (Rs. 9975/- currently)
7. The original Certificate / Agreement to be surrendered. In case of loss of document, then the member has to issue an Indemnity Bond on a Rs.50/- stamp paper as per the (prescribed format).

 

Documents required for transfer of Property Timeshares
1. Property to be registered with the concerned Sub-Registrar (Ooty/Kodaikanal) - both buyer and seller or their power agents have to be present before the Sub-Registrar. Upon registration the following documents have to be submitted to the company for transfer of timeshare.
2. Certified copy of the registered sale deed (old and new).
3. Copies of Facilities Agreement, Possession certificate and Original Rental Agreement (if applicable)
4. Letter from the Seller(s) to transfer the timeshare
5. Letter from the Buyer(s) with personal details (Name, Address, Phone Nos. Date of Birth etc)
6. Transfer Charges (details given below) by DD in favour of 'Sterling Holiday Resorts (India) Limited' payable at Chennai.
7. In case of RCI holders, RCI enrollment form and Enrollment Fee (Rs.9975/- currently)


Incase of death of any of the applicants
In addition to the above, Death Certificate, Legal Heirship Certificate and No Objection Letter from the Legal Heirs other than the applicants to be submitted.

 

Documents required for transfer of Sterling Happy Vistas Holiday Units / Sterling Flexi Club Holiday Unit Schemes
1. No objection / Transfer Letter signed by the existing member/s (Seller/s)
2. Original Unit Certificates. In case of loss of document, then the member has to issue an Indemnity Bond on a Rs.50/- stamp paper as per the (prescribed format).
3. Application duly filled & signed by the new applicant/s (Buyer/s)
5. Transfer Charges (details given below) by DD in favour of 'Sterling Holiday Resorts (India) Limited' payable at Chennai.
6. In case of RCI holders, RCI enrollment form and Enrollment Fee (Rs.9975/- currently)

 

Documents required for Joint holder's name changes
1. Application duly filled & signed with the new member
2. Original Certificate / Agreement
3. No objection from the outgoing member to delete his/her name
4. Request by the primary member to change the joint holder
5. Payment dues in all respects to be completed before changes
6. Service Charges (details given below) by DD in favour of 'Sterling Holiday Resorts (India) Limited' payable at Chennai.
7. In case of RCI holders, Letter addressed to RCI India Pvt Ltd and DD for Rs.150/- in their favour payable at Bangalore to get fresh RCI card.

 

Transfer/Service Charges Currently applicable

Particulars
VTS/HVTS/PTS
Heritage
SHVHU & SFCHU
SSS
Transfer to Individual
       Rs.750/-
500/-
10% on Unit Price
2000/-
Transfer to Corporates
       Rs.10000/-
3000/-
10% on Unit Price
2000/-
Name Inclusion
       Rs.250/-
250/-
1%
1000/-
Name Deletion
       Rs.250/-
250/-
1%
1000/-
Duplicate Certificate
       Rs.250/-
250/-
1%
500/-

All Transactions will be treated as individual transactions for deciding the amount.

 

Issuance of Duplicate documents

Members (other than Property timeshare holders) can apply for a duplicate document in case of loss of original document, by producing an Indemnity Bond along with the necessary service charges.

Prescribed Format

» Vacation Timeshare / HTS / Gold Crown
» Heritage
» SHVHU / Flexi Club Holiday Unit