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 / Maintenance 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

Max 21% annually can charge as per bye law.

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

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

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	14000
5	Water Bill	1800
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 :		34,800
Service Charges Per Flat Per Month:		1,160

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	01-03-2020	20-03-2020	102
Name	Mr Vikas S Patel	Period	For Mar 2020

Invoice for Jan 2018

Sr. No	Particulars	Description	Amount
1	Service Charge	Common Maintenance charge	1160
2	Non Occupancy Charges	NOC for rental flats	116
3	Repair and Maintenance Fund	Calculate as per bye-law	262
4	Sinking Fund	Calculate as per bye-law	87
Total:			1625

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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