CHARTERED ACCOUNTANT'S CERTIFICATE (On Letter Head) (F3)
(FOR REGISTRATION OF A PROJECT AND SUBSEQUENT WITHDRAWAL OF MONEY) Cost of Real
Estate Project TSRERA Registration Number_______________
Sr. Amount
Particulars
No. (Rs.)
Estimated. Incurred
1. i. Land Cost:
a. Acquisition Cost of Land or Development
Rights, lease Premium, lease rent, interest
cost incurred or payable on Land Cost and
legal cost
b. Amount of TDR payable to obtain
development rights if any, additional floor
area through TDR if any, fungible area.
c. Amounts payable to State Government or
competent authority or any other statutory
authority of the State or Central Government,
towards stamp duty, transfer charges,
registration fees etc.; and
Sub-Total of LAND COST
ii. Development Cost/
Cost of Construction:
a. (i)Estimated Cost of Construction
as certified by Engineer
(ii)Actual Cost of construction incurred as per the books of
accounts as verified by the
CA
Note :( for adding to total cost of construction incurred,
Minimum of (i) or (ii) is to be considered)
1
(iii) On-site expenditure for development of entire project
excluding cost of construction as per (i) or (ii) above, i.e.
salaries, consultant fees, site overheads, development
works, cost of services (including water, electricity,
sewerage, drainage, layout roads etc.), cost of
machineries and equipment including its hire and
maintenance costs, consumables etc. All costs directly
incurred to complete the construction of the entire phase
of the project registered.
b. Payment of Taxes, cess, fees, charges,
premiums, interest etc. to any statutory Authority.
c. Principal sum and interest payable to
financial institutions, scheduled banks, nonbanking
financial institution (NBFC) or money lenders on
construction funding or money borrowed
for construction;
Sub-Total of Development Cost
2. Total Estimated Cost of the Real Estate
Project [1(i) + 1(ii)] of Estimated Column
3. Total Cost Incurred of the Real Estate Project [1(i) + 1(ii)] of Incurred Column
4. % completion of Construction Work _________________%
(as per Project Architect’s Certificate)
5. Proportion of the Cost incurred on Land Cost and _______________% Construction Cost to the
Total Estimated Cost. (3/2 %)
6.Amount Which can be withdrawn from the
Designated Account
Total Estimated Cost * Proportion of cost incurred
(Sr. number 2 * Sr. number 5)
6. Less: Amount withdrawn till date of this certificate as per the Books of Accounts and
Bank Statement
7. Net Amount which can be withdrawn from the
Designated Bank Account under this certificate
2
This certificate is being issued for RERA compliance for the Company
[Promoter’s Name] and is based on the records and documents
produced before me and explanations provided to me by the
management of the Company.
Yours Faithfully
Signature of Chartered Accountant
(Membership Number………….)
______________________
Name
3
(ADDITIONAL INFORMATION FOR ONGOING PROJECTS)
1. Estimated Balance Cost to Complete the Real Estate Project
(Difference of Total Estimated Project cost less Cost
incurred) (calculated as per the Form 4)
2. Balance amount of receivables from sold apartments as per Annexure A to this certificate
(as certified by Chartered Accountant as verified from the records and books of
Accounts)
3. (i) Balance Unsold area
(to be certified by Management and to be verified by CA from the records and books of
accounts)
(ii) Estimated amount of sales proceeds in respect of unsold apartments
(calculated as per ASR multiplied to unsold area as on the date of certificate, to be
calculated and certified by CA) as per Annexure A to this certificate
4. Estimated receivables of ongoing project. Sum of 2 + 3(ii)
5. Amount to be deposited in Designated Account – 70% or 100%
IF 4 is greater than 1, then 70 % of the balance receivables of
ongoing project will be deposited in designated Account
IF 4 is lesser than 1, then 100% of the of the balance receivables
of ongoing project will be deposited in designated Account
This certificate is being issued for RERA compliance for the Company [Promoter’s Name] and is
based on the records and documents produced before me and explanations provided to me by
the management of the Company.
Yours Faithfully
Signature of Chartered Accountant
(Membership Number………….)
______________________
Name
4
Annexure A
Statement for calculation of Receivables from the Sales of the Ongoing Real Estate
Project
Sold Inventory
Sr. No. Flat No. Carpet Area Unit Received Balance
(in sq.mts.) Consideration Amount Receivable
as per
Agreement
/Letter of
Allotment
(Unsold Inventory Valuation) Ready Recknor Rate as on the date of Certificate of the
Residential /commercial premises Rs _________ per sm.
Sr. No. Flat No. Carpet Area (in sq.mts.) Unit Consideration as per Read
Reckoner Rate(ASR)
