Co-Op Housing Society Monthly Maintenance Calculation

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.

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)

     

Max 21% annually can charge as per bye law.

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.

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:

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.

Plot No - 3,Sec - 5, Panvel, Navi Mumbai - 4102016

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

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How to Calculate Maintenance Charge of flats in Maharashtra?