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Author Topic: calculating the common expenses of housing society  (Read 2546 times)

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Offline sanjaytech

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calculating the common expenses of housing society
« on: August 18, 2012, 10:48:35 PM »
Our housing complex has three segments — HIG, MIG and LIG. A common association maintains the complex. According to the West Bengal Apartment Ownership Bye-laws, 1974, “assessment of the share of common expenses shall be made pro rata according to the value of the apartment unit and the percentage of undivided interest in common areas and facilities.” While calculating the common expenses every year, should we consider the original value or the current government valuation of the units?

Offline advkartik

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Re: calculating the common expenses of housing society
« Reply #1 on: August 18, 2012, 10:49:53 PM »
The value of a property is neither the value agreed between the vendor and purchaser nor the original valuation but the current one set by the government.

Offline justinwilliana

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Re: calculating the common expenses of housing society
« Reply #2 on: April 30, 2013, 09:59:35 PM »
The process of calculating investment returns can be very complicated indeed. On commercial property investors will go to great lengths to use techniques which discount future cash-flows from individual investments to work out the potential returns and in turn their value.

 

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