Apart from the stamp duty and registration fee, purchasing an apartment entails a slew of other fees. One of them is the maintenance charge, which is paid by apartment owners to the society complex or resident welfare association on a monthly or annual basis for the upkeep of the common area. However, homebuyers frequently overlook important details about such costs and end up paying a miscellaneous amount, which causes them to be dissatisfied later.
On a broader outlook – maintenance charge is the fee charged by the builder/housing society/RWA which goes towards the routine maintenance of the facilities that do not fall under any particular homeowner but are common for all, for example – maintenance of the swimming pool, regular cleaning of the common area, routine servicing of the lifts, etc.
Typically, housing societies charge maintenance fees based on the size of the apartment or other variables if the apartments are all the same size. A buyer should also be aware of the amenities included in the fee. The maintenance fee ranges from Rs 2 to Rs 4 per square foot. In some cases, builders charge a one- or two-year advance maintenance fee at the time of possession. Furthermore, monthly maintenance charges of Rs 7,500 or less are exempt from GST, whereas if the total collection is less than Rs 20 lakh per year, the societies do not need to register, but if the annual turnover is greater than this, 18% GST will be applicable.
Ashiana Housing’s Maintenance team has been looking after the well-being of the residents in an efficient manner over the years
The services offered by our maintenance team include –
The total maintenance bill includes three types of charges i.e. –<.p>
The overall maintenance fee is the summation of all three charges. Our residents have to pay one year of maintenance charges at the time of possession of the flat.
Refer to the table below for a better understanding of how these charges are calculated –
|Type of maintenance charge
|Expenses on repair and maintenance of the building
|0.75% per annum of the construction cost of each flat
|Service charges (housekeeping, security, electricity for common areas, equipment, etc.)
|Equally divided among the flats
|Expenses on repair and maintenance of elevators
|Equally divided among the flats
|Minimum of 0.25% per annum of the construction cost of each flat
|For flats which are rented, calculated at 10% of service charges
|By the number of parking slots of each member
|Property tax and water charges
|Actual consumption of each flat, or number of water inlets
Make sure that you do not pay any maintenance charges whatsoever if forced the possession of under-construction flats.
The National Consumer Disputes Redressal Commission (NCDRC) has clearly stated that residents who are forced to take possession of their homes in delayed projects cannot be asked to pay maintenance charges if the builder has yet to receive an occupancy certificate (OC) for the project.
We, at Ashiana Housing always start possession of the flats only after the construction is complete, and over the years, we have always been able to deliver our projects and your homes, on time!
For information on our projects, visit our website – www.ashianahousing.com.
Ashiana, Ashiana Housing build homes. Homes surrounded by vast green spaces and fresh breeze. Homes cocooned in secured gated complexes. Homes where futures are forged and there are opportunities to grow. And Homes in environments brimming with healthy activity, trust and respect. At heart, we build communities with care.
Other posts by Ashiana
Join 1000+ of fellow readers. Get expert real estate knowledge straight to your inbox absolutely free. Just enter your email address below.