After buying a 2BHK, I was confused about how to calculate society maintenance charges; hence, I asked the builder to clarify my doubts. I learned that society mostly levies maintenance charges following the per sq ft method. This means that they set a charge per sq ft so if your property is 1,000 sq ft and they levy a charge of Rs 5 per sq ft, your monthly maintenance charge will be Rs 1,000 * 5 = Rs 5,000. There are two other methods so read all of them here.
How is Maintenance Calculated in Society?
Maintenance charges in a society are calculated following three methods so here are they:
Per Square Foot Charge: This method is used when apartments are of different sizes. The charge is based on the total square feet of the apartment. For example, if society levies Rs 5 per square foot and your apartment is 1,000 sq ft, your fee will be Rs 5,000.
Equal Fee: This method divides the total maintenance cost equally among all residents. It is a simple method but is somewhat unfair for residents who live in smaller apartments, as they all have to pay the same regardless of size.
Hybrid Fee: This combines both methods, applying square foot charges for components like repairs while splitting other expenses like service fees equally. This method ensures fairness and is commonly used to balance costs between residents of various apartment sizes.
So just clarify how your society’s maintenance charge will be calculated before finalising a property there.
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Samiksha
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2024-10-22T08:57:02+00:00 2024-10-22T08:57:02+00:00Comment
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