Brigade Citrine Maintenance Charges

Brigade Citrine Maintenance Charges are the sum paid by the buyers as residential property homeowners for the upkeep or supervision of the property. Residents in this residential area are required to pay this sum to maintain the area's amenities and common areas.

The Brigade Citrine Maintenance Fee is now Rs. 65 per square foot, subject to modification. The owner's association can raise the price by approximately Rs. 4 per square foot after a year. The cost is determined by considering several factors, including covered area, facility quality, and location. The fee has been minimal about the going rate.

Expenses covered in Brigade Citrine Maintenance Charges

• For services such as water and electricity for common areas, security, etc.
• Water charges are based on the usage by each apartment.
• Residents must pay parking zone rent if they are utilizing it.
• All occupants must pay for lift repair and maintenance.
• Insurance fees for any commercial use.
• Sinking funds to pay for any emergency caused by unprecedented events.
• Fees for not living in the apartment.
• Other fees include group festival celebrations, election funds, non-agricultural tax, etc.

Calculation of the Brigade Citrine Maintenance Charge

Knowing how the maintenance charge is determined may help you determine how much to pay. The unit's dimensions determine the Brigade Citrine Maintenance Charge. Buyers may pay the whole sum at once or in monthly instalments. The following are the techniques we employed to calculate the maintenance charge:

• For every square foot: Societies use the per-square-foot method to calculate maintenance costs. Based on this, a fixed fee is assessed for each square foot of the apartment. The monthly payment would be INR 40,000 if the unit is 1000 square feet and costs 4 per square foot. One benefit of this approach is its speed and simplicity.
• Equal Maintenance: This technique is applied when the sizes are the same and cannot be differentiated. Each month, the total fees are gathered and split by the number of units. When the flats are all the same size, this strategy works well.
• Hybrid Maintenance Charge: It is the last and most effective alternative. It combines elements of the first two approaches. The cost of the shared amenities is the same for each resident.

GST applied to Maintenance fees

The residents must pay an additional GST on the maintenance expenses if the builder fulfils specific requirements. These prerequisites are:

• If the total annual project turnover is above 20 Lakhs INR.
• If a society's monthly amount exceeds Rs.7500 for a member, 18% GST must be paid.

Payments for maintenance charges are due on schedule. Most individuals inquire whether they must pay these costs even if they do not reside in their apartment, and the response is affirmative. Each Brigade Citrine property owner is liable for paying them as necessary.