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The
Company reserves the right to accept or reject the bookings.
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Completion
in 12 months for the individual house from the date of promoter's
agreement. |
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The
allottee shall execute an agreement for the terms and conditions
immediately on allotment of the houses. |
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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 paid till then by the allottee,
a sum as decided by the Company shall stand forfeited. |
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Stamp
duty @ 14% and 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
and registration charges or increase in guideline rate will
lead to an increase in 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. If,
the registration takes place after commencement of construction
activities at site then the charges payable include an additional
element. This will be in proportion to the value of construction
executed as estimated by the registration authorities. Such
charges towards registration are to be borne by the allottees
as estimated at the prevailing rates. |
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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. |
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Interest
will be charged at the rate of 21 % p.a. for delayed payment
of instalments. |
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All measurements are subject to minor variations without specific
or general notice. |
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Membership
in the Association of House Owners is compulsory and a non-refundable
fee of Rs. 7000/- is to be paid separately. |
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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. |
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Legal
jurisdiction will be at Coimbatore. |
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Registration
will be for the land area as per the guideline value and the
promoters agreement will be for the construction of the house
by M/s. Sreevatsa Real Estates (P) Limited. |
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The
Company will not accept the following: |
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