Capitalised scheme for one-time payment of Service Charge
General Conditions for payment of Ground Rent
As per terms and conditions of allotment, Service Charges is payable annually in advance @ 2.5% of the cost of land as given in the Allotment cum Demand Letter in respect of all allotment of flats on freehold basis. In case of default in making the payment of Service Charges by the stipulated date, the allottee is liable to pay interest at the rate of 10% per annum or at the rates to be revised from time to time. The Service Charges is payable till such time the services are transferred to Municipal Corporation of Delhi.
Liberalized Scheme for payment of Service Charges
In the benefit of general public and to provide allottee friendly service, a simple and easy system to clear the dues of Service Charges, one time payment has been introduced under the scheme "Capitalized Service Charges" Under this scheme, allottee is required to pay 7.5% of cost of land as indicated in the allotment cum demand letter on account of capitalized value of Service Charges in respect of new allotment and 5% in respect of old allotments in respect of unpaid & future dues. Thereafter allottee is exempted from paying Service Charges in future.
The scheme is optional
The allottee who does not opt for the "Capitalized Service Charges" would continue to pay the Service Charges as per original terms and conditions of the allotment cum demand letter.
The Service Charges is payable till such time the services are transferred to Municipal Corporation of Delhi.
Once the capitalized value of Service Charges is paid to DDA, all previous dues of Service Charges and/or interest thereon, if any, would not require to be paid