Hi, This is the most common and popular way of calculating maintenance fee. In this type of calculation, a fixed rate is charged per super built-up area of the apartment that you own. For example, if the fixed rate is Rs. 2 and you own a 1000 sqft. apartment, your maintenance charge will be Rs. 2000 per month. But most of the builder nowadays are charging from Rs.3-10.
Hi Priyabrath, Repair and Maintenance Charges and Sinking Fund are on per square foot basis. But it may vary from project to project and amenities you are enjoying.
Yes, the Apartment maintenance charge which is to be collected from residents is calculated as the amount which is required for ongoing overall maintenance of the Society plus an amount which is set aside for major repairs which might occur in future. At the rate fixed by the general body from time to time, subject to the minimum of 0.75 percent per annum of the construction cost of each flat for meeting expenses of normal recurring repairs. This implies this can be charged on a sqft. basis