Tuesday, December 7, 2010

IS PROPERTY TAX LEVIED FROM OCCUPANCY CERTIFICATE?

'It is the duty of the society to stop terrace leakage'

Answers queries on property matters


IS PROPERTY TAX LEVIED FROM OCCUPANCY CERTIFICATE? 
I booked a flat in an under-construction building in September 2009. The builder informed in February 2010 that occupancy certificate has been received on 27.1.2010 but he has given the possession of the flat in May 2010 because of the delay in providing the amenities. Please let us know the date for payment of the property tax from the date of occupancy certificate or possession date. 
–Ramesh Narayn Kamath
In terms of Section 6 of the MOFA 1963, a promoter, while in possession and where he collects the sum for the payment of outgoings, including property tax, water charges, electricity charges, is under legal obligation to pay the same to the concerned departments until he transfers the property to the persons taking over the flats or to the organization of such persons. A flat purchased, as per Section 12 of the said Act, has to pay his proportionate share of the said charges in accordance with the terms and conditions of the Agreement of Sale executed between him and the promoter.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.