How to Calculate Maintenance Charge of flats in Maharashtra?
CO-OPERATIVE HOUSING SOCIETY MONTHLY MAINTENANCE CALCULATION AS PER
HOUSING BYE-LAW
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 / Maintenance
Charges
Bye Law – 65 (g), 66 & 67
Service Charges: Watchman Salary, Sweeper Salary, Lift 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 (c)
b) Parking Charges
Bye-Law – 67(a) (7)
4. Interest on defaulted Charges
Interest on dues
Bye Law – 67(a) (8) & 71
5. Water Charge
Water Charges
Bye Law – 67(a) (2)
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
Point No – 2: Equal Contribution (Service Charge / Maintenance Charge)
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 | 300 |
| 4 | Electricity Bill | 7500 |
| 5 | Drainage Cleaning | 500 |
| 6 | Repair and Maintenance | 1200 |
| 7 | Audit Fees | 250 |
| 8 | Accounting Services | 1500 |
| 9 | Education Fund | 300 |
| 10 | Fire Fighting Services | 800 |
| 11 | Miscellaneous Expenses | 500 |
| 12 | Garden Expenses | 0 |
| 13 | Pest Control | 300 |
| Total : | 25,850 | |
| Service Charges Per Flat Per Month(25850/30): | 862 | |
Point No – 3: Additional Charges:
1) Non Occupancy Charges as per Bye-Law No. 67(a) (10) & 43
(c) and government notification for Non-Occupancy Charges MH Govt. GR
No 20081104172832001 of 1 Aug 2001.
2) Parking Charges as per Bye Law – 67(a) (7), 83 & 84.
Point No – 4: Interest on defaulted charges:
A Member shall be required to pay simple interest at
twenty one percent per annum, or, at such
Lower rate as may be fixed by the General Body, on the
outstanding dues to the Society,
From the Date the amount was due as prescribed under
Bye-law no. 70(a), till full and
Final payment by the Member.
Point No – 5: 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
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 | 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 | Equal to all members | 862 |
| 2 | Non Occupancy Charges | 10% of Service Charges | 86 |
| 3 | Repair and Maintenance Fund | .75% of Const. cost | 262 |
| 4 | Sinking Fund | .25% of Const. cost | 87 |
| 4 | Parking Charges | 100 | |
| 4 | Water Charge (56 x 3) | 168 | |
| Total: | 1565 | ||
How to calculate interest on society maintenance charges
Housing Society Maintenance Calculation Video
Housing Society Maintenance Calculation Video
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