Basic Sale Price (BSP) definition

Basic Sale Price (BSP) means the amount amongst other payable for the Dwelling Unit which includes the sale price, Parking spaces as applicable with the dwelling unit and pro-rata share of paid EDC, IDC, Fire fighting charges, External Electrification charges, but does not include other charges like PLC, maintenance charges, Taxes, Stamp Duty, Documentation Charges, and other charges etc., which are payable as per the terms of this Application and the Agreement including:
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Basic Sale Price (BSP) means the consideration sum to be paid by the Purchaser/s for the designated Flat/Apartment. The Basic Sale Price/(B.S.P.) shall be calculated @ Rs. /- (Rupees only) per sq. ft. x the Area of the designated Flat/Apartment. The Area of Flat/Apartment shall mean and include covered area and common covered area for the said Flat/Apartment. The Basic Sale Price/(B.S.P.) shall remain fixed subjected to final measurement of the designated Flat/Apartment Area at the time of Possession. If there is any increment or decrement in the area of the designated Flat/Apartment, then the Basic Sale Price/(B.S.P.) shall accordingly be increased or decreased as the case maybe. However the Purchaser/s shall be informed of such changes (if any) as and when required. If due to any forthcoming Government Legislation, Ordinances, Acts or Orders, the Consideration sum of the Designated Flat/Apartment is required to be re- calculated on the Carpet Area of the Designated Flat/Apartment, the Basic Sale Price/(B.S.P.) PLC & FLC agreed herein upon shall remain fixed, but the rate/price for the carpet area shall be proportionately increased keeping The Basic Sale Price/(B.S.P.) intact. Thereafter all calculations shall be made on Carpet Area and the rate/price applicable thereon. The Purchaser/s is fully aware that the Basic Sale Price/(B.S.P.) does not include Parking, Administration Charges, interest free maintenance, security, Registration, Amenities Charges, Stamp Duty, Registration Fee, Advocate’s Fee for Registration and Legal Documentation, Electrical Charges, Applicable Taxes and Levies, Administrative Charges and any other incidental expenses are to be paid as and when demanded in addition to the Basic Sale Price/(B.S.P.).
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Examples of Basic Sale Price (BSP) in a sentence

  • At the time of Booking/Application Rs…………./- of Basic Sale Price (BSP) plus GST as per prevailing rate.

  • Basic Sale Price (BSP) @ Rs. per Sq. Mtrs.(Rupees only) of the Carpet Area of the Unit amounting to Rs. (Rs. It is clarified that only the External Development Charges (EDC) and the Infrastructure Development Charges (IDC) has been charged as per the rate levied by the Competent Authority at the time of grant of Licence as a part of the BSP.

  • The purchasers/ allottees covenant that the purchasers/ allottees shall make payment of the installments of the Basic Sale Price (BSP) in the manner mentioned herein above and this Agreement is and shall be deemed to be sufficient notice to the purchasers/ allottees about the obligation to make payment.