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Late payment of Plot Instalment to DHA,

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   Naveed
Wednesday, December 28, 2011 05:45 PM 
Reply: >
Can any one please tell me that what is the late fee charges per day/month incase plot instalment not paid on time.

Thanks
khan replied on Wednesday, December 28, 2011 06:25 PM 

Please see post No. 56948. I am not sure how 20% surcharge per annum is calculated? Is it calculated on the value of the short instalment? Not sure. Would be great to have a complete calculation formula.
Adil Saeed 03224009766 replied on Thursday, December 29, 2011 01:17 AM 

You pay fine of 20% annually on each un paid installment.

Adil Saeed of Lahore Real Estate 03224009766
MJM Dammam replied on Thursday, December 29, 2011 07:46 AM 

As I mentioned in reply to post No. 56948 that DHA levy a surcharge of 20% p.a. on delayed payments in the form of penalty. I would like to explain for Mr. Khan's information as under:-
For example if an amount of Rs. 150,000 is due on 1.1.11 from A to DHA and A is unable to pay this amount to DHA until 31.12.11 an amount of Rs. 30,000 will be levied by DHA. Likewise, If A pays his installment on 30.6.11 instead of by 1.1.11, then an amount of Rs. 15,000 will be levied by DHA. So in this way for certain days of delayed payment penalty can be calculated easily. Hope this satisfies Mr. Khan.
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