Thursday, 20 May 2021

Co-Op Housing Society Monthly Maintenance Calculation

How to Calculate Maintenance Charge of flats in Maharashtra?


CO-OPERATIVE HOUSING SOCIETY MONTHLY MAINTENANCE CALCULATION AS PER HOUSING SOCIETY ACT
While calculating maintenance charge a set of rules need to apply as per Co-Op Hsg Society
 MSC Act 1960.As per Bye-Laws No 65 where mentioned details as following.
1. Area wise Contribution
     a) Repair & Maintenance Charges                               Bye Law – 13 (a) & 67 (a) (3)
     b) Sinking Fund                                                            Bye Law – 13 ( c ) & 67 (a) (5)
     c) Property Tax                                                             Bye-Law – 67 (a) (1)
     d) Building Insurance                                                   Bye-Law – 67 (a) (11)

2. Equal Contribution
     Service Charges                                                           Bye Law – 65 (g), 66 & 67

      Service Charges: Watchman Salary, Sweeper Salary, Water Charges, Electricity Charges,        Maintenance, Audit Fees, Accounting Charges, Educational Fund, Meeting Charges etc…
3. Additional Charges
    a) Non Occupancy Charges                                          Bye Law – 67(a) (10) & 43 (b)
    b) Parking Charges                                                       Bye-Law – 67(a) (7)

4. Penalty Charges
     Interest on dues                                                            Bye Law – 67(a) (8) & 71

Above four are the main components that need to understand before making Bill for flats.
Detail calculation of point no 1 (Area wise Contribution)
Repair & Maintenance Charges: First need to determine the construction cost of your locality, 
let us assume @ 800/ - Sq Ft then formula would be:

                 Construction Cost  x  .75%  x  Flat Area / 12 = Member Monthly Repair Fund

Ex:  800 x .75% x 524
       ---------------------- = 262
                 12

Sinking Fund: Let us take the same scenario as above the only % would be .25, then the formula will be for sinking fund as following                 
Construction Cost  x  .25% x  Flat Area / 12 = Member Monthly Sinking Fund

Ex:        800 * .25% * 524
            -----------------------   = 87
                        12

Detail calculation of point no 2 (Equal Contribution)
Equal contribution calculation is very easy you need to calculate all service charges as 
mentioned above and divide to no. of members.

For Ex. Number of Flats: 30
Sr No Service Charges Monthly Amount
1 Salary Watchman(Security) 10000
2 Housekeeping Staff 3000
3 Office Exp 600
4 Electricity Bill 10000
5 Water Bill 1000
6 Repair and Maintenance 2000
7 Audit Fees 500
8 Accounting Services 2000
9 Education Fund 400
10 Fire Fighting Services 200
11 Intercom Services 0
12 Garden Expenses 0
13 Pest Control 300
Total :  30000
Service Charges Per Flat Per Month:  1000


Now your complete bill sample is here*

XYZ CO-OPERATIVE HOUSING SOCIETY LTD.
Plot No - 3,Sec - 5, Panvel, Navi Mumbai - 4102016
BILL

Flat No Bill Date Due Date Bill No
D-303 3-Jan-20 24-Jan-20 94
Name Mr Vikas Patil Period Bill for the month of Jan -2018
Invoice for Jan 2018
Sr. No Particulars Description Amount
1 Service Charge Common Maintenance charge 1000
2 Non Occupancy Charges NOC for rental flats 100
3 Repair and Maintenance Fund Calculate as per bye-law 262
4 Sinking Fund Calculate as per bye-law 87
Total:  1449



Water Charges Calculation                                                           Bye-Laws – 67(a) (2)
It is very difficult to calculate where flats area different like 1 BHK, 2BHK & 3 BHK. If flats
 area are equal so can charge equal on every flat but in case of different need to charge inlet
 basis. Here the example is given below how to calculate water charges:

First of all, need to identify monthly water charge & total no of inlets, then calculate as follows                            
Monthly per Inlet Charge = monthly water charge/ no of inlets
Ex: Monthly Expenses on the water is 10000 and total no of inlets (all flats) 88
Monthly per Inlet Charge = 10000/88
                                              = 114
Let us assume 1 BHK has 3 inlets & 2 BHK has 4 inlets
So water charge on 1 BHK will be Rs 342 and 2 BHK will be Rs 456











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