Will Sale Agreement have Other Charges (Electricity, Gas, one and half years maintenance etc)

Q: Hi,
I have finalized a property and got cost break up from builder as:
1. Flat Cost
2. Stamp Duty and Registration
3. Service Tax and VAT
4. Other Charges
Now I'm looking for home loan and for which i need sale agreement based on which i will get 80 to 85% loan.
Builder is saying all above charges will be included in sale agreement, but i feel other charges shouldnt be a part of it. What do u say guys?

Abhijit Shetty,

9th February 2016

Home Loan in Mumbai

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Hi here is the complete guide for your query:- Ask your builder for Base price inclusive of some other component, Compare base price of one project to the other, BESCOM charges, BWSSB charges, Inclusive of service tax, Generator charges, Maintenance deposit/Corpus Fund, Car Parking charges, Extra car parking charges, Club house charges, Club house ownership and user, Pool facing charges, Garden facing property charges, Garden ownership and user, Floor rise charges, comparison of each of these charges, Percentage of amenities and PLC v/s base price - is it worth spending, applicable in which phase (Under construction or construction), VAT charges applicable in that state, Service tax charges, What are Registration and stamp duty charges, Charges applicable in that state, Other Legal charges, Khata assessment charge, Percentage breakup, EDC- External Development charges, IDC- Internal Development charges.

Kalki K,

11th February 2016

Comment

`You don't have to pay the maintenance charges for one year but all other charges you have to pay as these are your personal. Secondly, if the flat is under construction then a buyer has not need to pay Service tax and Vat.

Mansoor Bithal, Mumbai

11th February 2016

Comment

You are right Mansoor,
While signing the agreement, you confirm receiving all the necessary documents about the project. Developers also include a clause that your queries about the project have been satisfied. Go through the documents and get answers to all your queries before signing the agreement.

Ask the builder for floor rise charges, power back up and maintenance deposit, car parking charges, IDC & EDC charges etc.

Awar Ali,

11th February 2016

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