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Housing Society Maintenance Charges As Per Bye Law

This document outlines the procedures for determining maintenance charges for a housing society according to their bye laws. It discusses calculating charges on an area basis for sinking fund, repair fund, property tax, building insurance, and lease rent. Equal contribution charges are also calculated for water, electricity, lift maintenance, and services. Additional charges may include parking and non-occupancy fees. Penalty charges like late fees and interest on arrears are also addressed. Step-by-step examples are provided for calculating member contributions for several of these maintenance cost areas.

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4K views2 pages

Housing Society Maintenance Charges As Per Bye Law

This document outlines the procedures for determining maintenance charges for a housing society according to their bye laws. It discusses calculating charges on an area basis for sinking fund, repair fund, property tax, building insurance, and lease rent. Equal contribution charges are also calculated for water, electricity, lift maintenance, and services. Additional charges may include parking and non-occupancy fees. Penalty charges like late fees and interest on arrears are also addressed. Step-by-step examples are provided for calculating member contributions for several of these maintenance cost areas.

Uploaded by

rishu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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MMC CALCULATION AS PER HSG. SOC.

ACT
Set of Procedures to be applied while determining the Maintenance Charges
of Housing Society (As per the New Bye Laws No 67)

A. Area wise Contribution


Sinking Fund Bye Law - 69(a) (5) & 13(c)
Repair Fund Bye Law - 69(a) (5) & 13(c)
Property Tax Bye Law - 69(a) (1)
Building Insurance Bye Law - 69(a) (11)
Lease Rent Bye Law - 69(a) (12)
N. A Tax Bye Law - 69(a) (13)
B. Equal Contribution
1 Water Charges Bye Law - 69(a) (2)
2 Electricity Charges (For all Common Area) Bye Law - 69(a) (6 ) & 68 (12)
3 Lift Charges - Lift Maintenance Bye Law - 69(a) (11)
4 Service Charges Bye Law - 69(a) (6 ) & 68
Includes:- Watchman Salary. Sweeper Salary, Conveyance, Printing & Stationery, Meeting
Expenses, Accounting Charges, Audit Fees, Repair & Maintenance , Educational Fund, Garden
Expenses etc.
C. Additional Charges
Parking Charges Bye Law - 69(a) (7 )
Non Occupancy Charges Bye Law - 43 (2) (iii ) (c)
D. Penalty Charges
Late Fine
Interest on Arrears Bye Law - 72
A AREAS WISE CONTRIBUTION
Sinking Fund (Determine the Construction cost Let us assume @ 600 /- per Sq. Ft.) Bye Law - 69(a) (5) & 13(c)

Individual Flat Area X Construction Cost X 0.25%


12 Months
= Member Monthly Sinking Fund Contribution

EXAMPLE : Individual Member Flat Area = 580 Sq. Ft.


580 Sq. Ft X Rs.600/- X 0.25%
12 Months
= Rs.72.50 Per Month

REPAIR FUND Bye Law - 69(a) (5) & 13(c)


(Determine the Construction cost Let us assume @ 600 /- per Sq. Ft.)

Individual Flat Area X Construction Cost X 0.75% Member Monthly Repair


12 Months
= Fund Contribution

EXAMPLE : Individual Member Flat Area = 580 Sq. Ft.


580 Sq. Ft. X Rs. 600/- X 0.75%
12 Months
= Rs.217.50 Per Month

Property Tax Bye Law - 69(a) (1)


Yearly Property Tax Bill Amount .
All Members Sum Total Sq. Ft. Area X Individual Flat Area
Member Monthly
_________________________________________________________________
_______________________
12 Months
= Property Tax
Contribution
Example :- Individual Member Flat Area = 580 Sq. Ft.
Yearly Property Bill Amount = 1,000,000/- AND All Members Sq. Ft. Area = 36,000 Sq. Ft.
Rs.1,000,000/-
X
36,000 Sq. Ft X 580 Sq. Ft.
__________________________________
__________________________________
12 Months
= Rs. 135/- Per Month
____________________
Building Insurance Charges Bye Law - 69(a) (11)
Yearly Premium Amount to be taken instead of Yearly Property Tax Amount.

B EQUAL CONTRIBUTION
Water Charges - Rs 160/- per Month Per Member ( As per TMC Rate w.e.f April 2005)
Bye Law - 69(a) (2)

Electricity Charges - Stair Case + Water Pump + Lift Electricity Charges + Other common Areas
Lighting etc. Bye Law - 69(a) (6 ) & 68 (12)

Total Last 12 Months MSEB Bill Amount .


Total Nos. of Flats
Member's Per Month
_______________________________________
= Electricity Charges
12 Months

Lift Charges Bye Law - 69(a) (11)

Yearly Lift Service Contract Amount .


Total Nos. of Flats
Member's Per Month
_______________________________________
= Lift Charges
12 Months

Service Charges :- Bye Law - 69(a) (6 ) & 68

Yearly Service Charges .


Total Nos. of Flats
Member's Per Month
_______________________________________ = Service Charges
12 Months

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