NEW CIRCLE RATES

The revised circle rates for NCR have been notified by the Lt. Governor of the National Capital Territory of Delhi vide his order No. F.l( 281)/Regn.Br./HQlDiv.Com.109/ 45 dated 04th Feb 2011.

In respect of Dwarka, Bank Colony, East Patel Nagar, Malviya Nagar, Meera Bagh and Roop Nagar the rate will be Rs.86,000/- per square metre. People selling their flats / those buying flats in multi-storied cooperative societies are advised to study the implications of the new Circle Rates as well as provisions of The Delhi Stamp (Prevention of Undervaluation of Instruments) Rules 2007 before doing so.

EXPENDITURE FOR THE MONTH OF JANUARY 2011

1. Expenditure / Cash Outgo from 1st to 31st January 2011

(a) Electricity expenses for common area during Dec. 2010 Rs. 33,488/-*
(b) Purchase of two electric Meters for the Society Rs. 2,050/-
(c) Return of SB of Indore Loan amount (DG) Rs. 35,000/-
(d) AMC for DG Set & ESS from 1.10.10 to 31.12.10 Rs. 5.412/-
(e) TDS on the above AMC Rs. 103/-
(f) Diesel for generator Rs. 7,000/-
(g) Security Bill for December 2010 Rs. 52,325/-
(h) TDS on the Security Bill Rs. 967 /-
(i) Gas for Guard Room Rs. 235/-
(j) Salary & advance against salary to Society’s employees Rs. 25,900/-
(k) Overtime paid at the following rate Rs. 1,800/-

(i) Shri Narayan Rs. 400/-
(ii) Shri Gauri Shankar Rs. 400/-
(iii) Shri Sharad Rs. 600/-
(iv) Shri Ram Kishan Rs. 400/-

(l) Adv. paid to Shri Dilip (to be recovered in 8 months) Rs. 4,000/-
(m) Electrical Spares (Door Bell, Switch & wire) Rs. 130/-
(n) Conveyance charges Rs. 20/-
(o) Repair and loading of submersible pump behind ‘C’ Block Rs. 1,650/-
(p) Purchase of fertilizer for garden Rs. 2,500/-
(q) Trash Removal charges (MCD) Rs. 500/-
(r) Postage including mailing of Minutes of GBM Rs. 1,527/-
(s) Photocopy charges Rs. 75/-
(t) Purchase of HP Desk Jet Printer & Key Board for office Rs. 8,740/-
(u) Stationery Rs. 126/-
(v) Expenses for celebrating Lohri Festival Rs. 2,095/-
(w) Expenses for celebrating Republic Day Rs. 4,446/-
(x) Misc. expenses for office (tea/sugar) Rs. 146/-
---------------------
Total Expenditure: Rs. 1,90,235/-
--------------------

2. Amount Received:

(1) Maintenance/Building Maintenance Fund Rs 3,22,400/-
(2) Water Charges Rs 8,900/-
(3) Generator Fund Rs. 32,800/-
(4) Shifting Charges Rs. 1,000/-
(5) Late Fee Rs. 2,820/-
(6) Car Parking Deposit & Charges Rs. 200/-
(7) Ground Rent Rs. 11,740/-
(8) Bank Charges Rs. 200/-
-------------------- Total Receipt: Rs. 3,80,060/- -------------------

* Total electricity bill for the month Rs. 1,67,690/-


3. Suggestions / recommendations to improve accounting procedures and introduce transparency are welcome and shall be taken in the right spirit.