Charges levied at time of possession of flat (Noida and Greater Noida)
Below is the list of charges that are demanded by builders in Noida and Greater Noida under different head at the time of possession:
Final Possession installment – Generally 5 % of BSP in case of CLP + additional charges like IFMS, Lease Rent as per payment plan mentioned in BBA.
Labor welfare cess – 19 per sq. ft. (Ideally should be borne by builder but the burden is being transferred to buyers).
Advance maintenance charges (generally for 3 months, 6 months or 1 year) – Generally between 1.8 to 2.5 per sq.ft. per month.
Meter charges – Generally between 20 k to 30k.
Sewer charges – around 3 k (applicable to Noida).
Club charges – Either not applicable or around 500 per month for 6 months or 1 year i.e. between 3k to 6k.
Farmer compensation if applicable – 40 to 80 per sq ft (only in affected areas where farmers are to be paid increased compensation by authority).
Interest – Varies from individual to individual. Depending upon delay in installment payment by individual (generally 18% per annum or as mentioned in BBA).
Water connection charges – Few builders in Noida extension and Noida have asked for this component (anywhere between 10k and 15k) as well.
Gas pipeline connection charges – Between 6k to 10k.
Please note that each of the above mentioned charges have additional service tax applicable.
Stamp duty charges – Please refer https://go4reviews.in/2015/08/alert-stamp-duty-changes-for-group-housing-flats-in-noida-and-greater-noida/ for Noida and or Greater Noida for exact stamp duty applicable to you.
Lawyer and misc. charges for registration – 20k to 30k. Not applicable if you are getting registry done on your own.
If any other charges are demanded like sinking fund, png connection charges etc., it must be very specific to the project.
We hope the above would help you prepare for what would have been a surprise for you otherwise.
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Last Updated on June 22, 2016 by Go4Reviews
Hi,
Panchsheel builder for their project Panchsheel Greens in Noida extn, they are charging 20000 per KVA for meter connection. That makes 1,15,000 for 5KVA connection including 15% tax.
Is it reasonable ? and what can be done if not ?
Thanks,
Ricky
Was 20k per KVA mentioned as part of BBA. If yes, nothing can be done. If no, it can be contested.
What are the service charges on water connection charges, electricity connection charges and advanced maintenance charges as of July 2015?
There is unfortunately no standard guidelines on AMC and ECC.
You can refer https://go4reviews.in/2015/03/maintenance-charges-in-different-noida-societies/ and https://go4reviews.in/2015/03/electricity-and-back-up-charges-in-different-noida-societies/ for the same
For water connection charges, refer https://go4reviews.in/2015/07/final-demand-letters-by-builders-noida-region/ for latest builder demands in the region.
A very silly question but is the stamp duty and registry charge one and the same thing ? I sure hope so
Thanks for writing to us Himanshu. This is a frequently asked question by a first time buyer so nothing silly really.
Stamp duty and registry charges are different. Registering a property requires paying tax to the concerned government in form of stamp duty.
Registry charges specifically range from 10 to 15 k while stamp duty is a substantial amount which runs in lacs.
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