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Q.

What are common area maintenance charges?

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If you want to know

what are CAM charges

, let me highlight that Common Area Maintenance (CAM) charges are fees collected from property owners or tenants in residential complexes to cover the upkeep and maintenance of shared areas. The specific amount of CAM charges can vary based on factors like the size of the property, the number of units, and the amenities offered. I have shared the information below. 

What are CAM Expenses?

In India, these charges typically encompass expenses related to:

  • Costs for cleaning, landscaping, and regular upkeep of common facilities such as lobbies, parks, and pathways.

  • Charges for electricity and water supply for common areas, including lighting and pool maintenance.

  • Expenses for hiring security personnel to ensure the safety of residents and property.

  • Funds allocated for unexpected repairs or enhancements to communal amenities, ensuring they remain functional and appealing.

Generally, for residential property, CAM charges lie between Rs 2 to Rs 10 per square foot. For commercial property, CAM charges lie between Rs 10 to Rs 25 per square foot. I hope now you have a clear idea about what does CAM charges mean.

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How Do I Pay Maintenance if the NoBrokerHood App Isn't Working

 
0 2022-03-16T10:47:48+00:00

When I first started living independently in my flat in Ahinsa Vihar apartment, I wasn’t sure what were common area maintenance charges. I was new to all these things as I had spent most of my time in independent flats in Delhi. I asked my neighbour to clarify my doubts on common area maintenance charges. I can tell you what they explained to me.

Pay utility bills, rent, and more and win assured rewards with NoBroker What are common area maintenance charges?

The common area maintenance charges are the charges which you pay for maintenance and upkeep of the common area. Common area  includes:

  • Lawns

  • Parking lot

  • Lobbies

  • Corridors

  • Elevators

  • Stairs, etc.

If you are wondering how are common area maintenance charges calculated then I would say you should take a look at this:

Maintenance charges

Application 

For repair and maintenance of the building

0.75% per annum of the construction cost of each flat

Service charges

Equally divided among the flats

Repair and maintenance of elevators

Equally divided among the flats

Sinking fund

Minimum of 0.25% per annum of the construction cost of each flat

Non-occupancy charges

For flats which are rented, calculated at 10% of service charges

Parking charges

Based on number of parking slots of each member

I hope this clarifies your doubts around

common area maintenance charges. If it did, give this comment a thumbs up na :P

Read more: What is GST on the maintenance charges to be paid by the residents of a housing society? What is common area in apartments?
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