Common use of Nomination Fees Clause in Contracts

Nomination Fees. The Allottee shall pay a sum calculated @ Rs.37.50 (Rupees thirty seven and fifty paise only) per sq.ft. Plus GST at rates as applicable at the time of such nomination of the total carpet area of the said Apartment including the carpet area of the servant quarter/store/ balcony/verandah, if any, as and by way of nomination fees to the Developer. It is clarified that inclusion of a new joint allottee or change of a joint allottee shall be treated as a nomination. However nomination fees shall not be payable in case of nomination in favour of parents, spouse, brother, sister or children of the Allottee. Any additional income tax liability that may become payable by the Developer due to nomination by the Allottee shall be compensated by the Allottee to the Developer by paying the agreed compensation equivalent to the income tax payable on such nomination. Such amount shall be payable by the Allottee on or before nomination. The Allottee admits and accepts that he shall not be entitled to nominate or assign his rights under this Agreement save in the manner indicated above.

Nomination Fees. The Allottee shall pay a sum calculated @ Rs.37.50 Rs.100/- (Rupees thirty seven and fifty paise One Hundred only) per sq.ft. Plus GST at rates plus GST/taxes as applicable at the time of such nomination of on the total carpet chargeable area of the said Apartment including the carpet chargeable area of the servant quarter/store/ balcony/verandah, if any, as and by way of nomination fees to the Owners/Developer. It is clarified that inclusion of a new joint allottee Allottee or change of a joint allottee Allottee shall be treated as a nomination. However nomination fees shall not be payable in case of nomination in favour of parents, spouse, brother, sister or children of the Allottee. Any additional income tax liability that may become payable by the Owners/Developer due to nomination by the Allottee shall be compensated by the Allottee to the Owner/Developer by paying the agreed compensation equivalent to the income tax payable on such nomination. Such amount shall be payable by the Allottee on or before nomination. The Allottee admits and accepts that he shall not be entitled to nominate or assign his rights under this Agreement save in the manner indicated aboveabove and the Owner/Developer reserves the right to allow/disallow such nomination .

Nomination Fees. The Allottee shall pay a sum calculated @ Rs.37.50 Rs.37.50p (Rupees thirty seven and paise fifty paise only) per sq.ft. Plus plus GST at rates as applicable at the time of such nomination of the total carpet area of the said Apartment including the carpet area of the servant quarter/store/ balcony/verandahquarter / store / balcony / verandah / terrace, if any, as and by way of nomination fees to the Developer. It is clarified that inclusion of a new joint allottee or change of a joint allottee shall be treated as a nomination. However nomination fees shall not be payable in case of nomination in favour of parents, spouse, brother, sister or children of the Allottee. Any additional income tax liability that may become payable by the Developer due to nomination by the Allottee shall be compensated by the Allottee to the Developer by paying the agreed compensation equivalent to the income tax payable on such nomination. Such amount shall be payable by the Allottee on or before nomination. The Allottee admits and accepts that he shall not be entitled to nominate or assign his rights under this Agreement save in the manner indicated above.