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.
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:
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.
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.
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Plot No - 3,Sec - 5, Panvel, Navi Mumbai - 4102016
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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:
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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