CHENNAI GROUP HOUSING SCHEME (PH-II-A/II-B)
(1).As per Govt. notification, when a buyer buys immovable property (i.e. a building or part of a building or any land other than agricultural land) costing more than Rs.50 lakhs, he has to deduct TDS when he pays to the seller. This has been laid down in Section 194-1A of the Income Tax Act.Click here for more details
|(1).:Latest Audit Financial Report
Dwelling Units Details
(1).Latest Dwelling Unit Available: (i). II/54,(ii). III-A/12, (iii). III-B/48, (iv). IV-A/32, (V).IV-B/15.
Latest Dwelling Unit Allotted:(i). II/50,(ii). III-A/11, (iii). III-B/48, (iv). IV-A/31, (V).IV-B/15.
| Latest Total No. Of parking Available: (i)-II/54,(ii)-III-A/12,(iii),III-B/48,(iv) IV-A/32, (v), IV-B/15|
| Latest Total No. Of parking Allotted: Not to yet.
GST OPTION FOR ON-GOING PROJECTS
|As you are aware, GST rates on residential projects have been amended as below with effect from 01-04-2019
A. OLD RATE PRIOR TO 01-04-2019
(I) GST RATE -12%
(II) INPUT TAX CREDIT (ITC) Allowed
B. New Rate Prior From 01-04-2019: -
GST rate 1% on affordable and 5% on others. However, ITC is not allowed
2.0). In residential project, IRWO has to pay GST @ 18% on every contractor’s bill. ITC permitted means that this GST Payment to Contractors can be adjusted against the GST amount to be received from the allottees [which shall be required to be paid by IRWO to Government] This adjustment can not be done where ITC is not allowed.
3.0). For on-going projects, GST Council has given builders an option to choose to either stay in the old GST regime of 12 % with ITC or opt for the new GST regime of 5% & 1% without ITC. This choice was to be intimated to the government by 10th May 2019 which has been extended to 20th May 2019.
4.0). IRWO has done a detailed analysis in consultation with Chartered Accountants for its on-going Projects at Jaipur (Ph-III), Kota, Chennai Ph-IIB) and Lucknow (Ph-IV). Detailed analysis is attached herewith as Annexure I to Annexure IV from the analysis it will be seen that cost of the project is lesser by approx. Rs 2 Crore to Rs 4 Crore if old GST rate of 12% (with ITC) is opted. Therefore, for benefit of allottees of IRWO’s on-going projects at Jaipur (Ph-III), Kota, Chennai-Ph-II-B) and Lucknow (Ph-IV) it has been decided to remain in the old GST regime.
|(1).:Click here for more details
(A).Calling of 4th Instalments,
1.To whom due date date is 25/11/2019
2. To whom due date is 16/10/2019
(B).Members are aware that GST is made applicable on variuos goods and services which includes construction services also from 1/7/2017. As per GST Act GST is payable in the follwing type of services at the rates indicated against each, Please click here for downloading details
(C).Chennai II-B Group Housing Scheme-Calling of 3rd Instalment
The 3rd instalment to be paid within a grace period of 7 days. You are requested to make payment of above instalments within the due date failing which delay charges will also be payable. If you have not paid any earlier instalments same may also be paid immediately alongwith delay charges. Now you can see your payment status on IRWO’s website.
1. :- Intimation with reference to instalment in respect of chennai IIB Group Housing Scheme- Type II (Initial Scheme), Please click here for download
2. :- Intimation with reference to instalment in respect of Chennai IIB Group Housing Scheme (Other than Type II ofInitial Scheme), Please click here for download
(D). Chennai II-A Group Housing Scheme-Calling of 13th Instalment and other dues
As per allotment Letter dated 5-7-2018 issued to the allottees of Chennai II-A Group Housing Scheme the amount of 13th Instalment alongwith other dues are payable upto 15-10-2018.
As no permanent electricity has been provided so far and allottees are not able to shift there, therefor considering the request of allottees for extending the date of payment, it has been decided that the allottees may pay the above amount latest by 16-11-2018 (without delay charges). Beyond 16-11-2018 delay charges @ 9% shall be payable.
(E).Group Housing Scheme Chennai Ph-II-B
Due Date of deposite of 3rd Instalment for Chennai Ph-II-B Scheme which was due on 7/7/2018, has been postponed to further advice.click here for downloading advise letter
1st and 2nd instalment of allottees March 2018 batch which was due on 16/7/2018 has been postponed to 6/8/2018.click here for downloading advise letter
(F).Outstanding dues against the allottees of Chennai Ph-II-A Group housing Scheme
As per initimation already given to the allottees, draw of lot for allotment of specific DU is being conducted in Chennai on 02, June 2018 at 11:30 hrs. Though in the letters issued to the allottees, 12 instalments where called but on receipt of request from some allottees it was decided that the result of those allottees who would not clear their dues (upto 11th instalment) may be witheld, though the draw will conducted in respect of all the allottees.
Click here for outstanding list against the allottees of the scheme. Allottees are advised to clear their dues latest by 28.05.2018 so that their result could be declared at the time of draw.
(G).Chennai Ph-II-A [the last date for receipt of options in IRWO's office is extended up to 21/05/2018]
As per letter dated 26-04-2018 issued to the allottees of Chennai-II-A Group Houisng Scheme, allottees are required to send their option for the Group of DUs in Annexure C, latest by 11-05-2018. On the request of some of the allottees to extend the date of receipt of options, it is hereby informed that the last date for receipt of options in IRWO's office is extended up to 21/05/2018. No options shall be considered after this date
(H).Rail Vihar Chennai Ph-II-B
Environment clearance application submitted successfully on 26 March 2018. for details click here
(I).Rail Vihar Chennai Ph-II-B
Allotment of units for application received upto Jan 2018, For details, Please click here.
(J).Rail Vihar Chennai Ph-II-A
Attention Please :As you are aware, IRWO is working on ‘ No Profit, No Loss’ basis. Since the project is at completion stage, the revised cost has been calculated based on the actual expenditure made so far and the estimated expenditure for the left over work.For revised cost as payable for different type of dwelling units. , Please Click here for more details
(K).Rail Vihar Chennai Ph-IIB at Ambattur
All Allottees may depoiste thier 1st instalment, by 07-03-2018
Attention Please :All allottees of chennai II B are hereby informed that the work of Ph-II B has been started.Projects has been registered under RERA. Allottees to deposite 1st instalment by 7.3.2018. Please Click here for more details
(L).Allottees of Chennai II-A Group Housing Scheme have already been sent the Revised Payment Schedule along with advice for payment of 10th & 11th instalments vide this office letter dated 10/10/2017.Since construction work in the project is in full swing, funds are required to meet the construction cost of the project. In view of this it has been decided that the allottees may pay the 10th& 11th instalment Please Click here for more details
Please Click here for more details
Attention Please : It is hereby informed that the due date of deposite of 11th intalment has been postpone from
22-12-2017 to 7-02-2018. Accordingly allottees can pay the instalment upto 07-02-2018. For details, please click here
(M).The brochure of the scheme was issued in the month of August, 2014. The cost given in Table 1 of the Brochure (2014) was tentative as per note given with the table and was likely to change depending upon the market fluctuation. Approvals of the project have been received recently. Although in the intervening period of almost three years, there is substantial inflation, yet the increase in the cost of DU is kept to bare minimum @ 4.20%.