I purchased the property, assuming the value is 20 Lakhs and all dues were settled during FY 2015-2016 except final settlement of 1 Lakh which was paid on September 2016. Builder is asking me to pay KKC @ 0.5% on entire 20 Lakh to get the possession letter. I occupied the flat in FY 2015-16 itself. Is builder's claim tenable? What are the options available for me to get the possession letter? Please provide an explanantion.
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Krishi kalyan cess- payment to builder
Replies (2)
Can anyone pls respond to the query?
If the builder has got completion certificate from the respective authority in the FY 2015-16, then no need to pay any KKC on the balance payment of Rs. 1 Lakh made in the month of Sep 2016.
the buileder has no roght to collect KKC on the total value of Rs. 20L, but can ask for KKC on 1 lakh, if the above certificate was not there in the in the FY 2015-16
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