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PROJECT |
SREEVATSA ENCLAVE |
| LOCATION |
METTUPALAYAM ROAD,
COIMBATORE. |
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| GENERAL
TERMS AND CONDITIONS : |
| 1.
Company reserves the right to accept or reject the bookings. |
| 2.
Completion in 18 months for the individual house from the date of promotor's agreement. The allottee shall execute an agreement for the terms and conditions immediately on allotment of the houses. |
| 3.
The Company reserves its right to cancel the allotment if the allottee commits default in payment of the cost and in such event, out of the total amount till then paid by the allottee, a sum as decided by the company shall stand forfeited. |
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| 4.
Stamp duty @ 8% & Registration charges @ 1% are normally calculated on the actual consideration or on the prevailing Guideline Value of land whichever is higher.
Increase in stamp duty & registration charges or increase in guideline rate will lead to an increase in the stamp duty and registration
charges which will have to be borne by the allottee. Normally the guideline rate will be revised on 1st April every year. |
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5. If, the registration takes place after commencement of construction activities at site then the charges payable includes an additional element. This will be in proportion to the value of construction executed and estimated by the registration authorities. |
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6. As such charges towards registration are to be borne by the allottees as estimated at the then prevailing rates. |
| 7.
All statutory obligations such as stamp duty, registration charges , individual electricity/water meter deposits, proportionate expenses for transformers , cable charges , sales tax and any other State/Central taxes that exist or that may be arising out of purchase/sale of land, construction of the houses, etc.., shall be borne by the purchasers. |
| 8.
Interest will be charged at the rate of 12% p.a. for delayed payment of installments |
| 9.
All measurements are subject to minor variations without specific or general notice. |
| 10.
Membership in the Association of house owners is compulsary and a non refundable fee of Rs.50,000/- is to be paid separately. |
| 11.
The above rates are subject to change without general notice. But the rates agreed with the clients at the time of booking will be firm and fixed and no escalation will be charged on them after booking. |
| 12.
Legal Jurisdiction will be at Coimbatore. |
| 13.
Registration will be for the land area as per the guideline value and the promoters agreement will be for the construction of house by M/s Sreevatsa Real Estates(P) Limited. |
| 14.
Apart from the corpus fund, maintenance charges will be collected on monthly basis from all the owners after observing for 3 months the actual cost of security , electricity charges, office staff , water charges , landscaped garden maintenance etc. Intitially at the time of occupation, owners shall pay three months
maintenance charges to M/s.Sreevatsa Real Estaes(P) Limited to maintain the complex till the association is formed.
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