Kaagazaat

CAM and Property Tax Reconciliation Statement

At a glance

Price: Free, always.
Stamp duty: A statement of account is not an instrument that creates or transfers a right, so no stamp duty is payable on it in Punjab or Chandigarh.
Registration: Not required.
Witnesses: Not required.

Free

Free, always.

Free: up to 5 documents a day.

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Also called

CAM Reconciliation
Common Area Maintenance Reconciliation
Annual CAM True-up
Property Tax Recovery Statement
Year-end Statement of Shared Costs
CAM Settlement Statement
Maintenance Charges Reconciliation

When you need it

Most commercial tenants pay common area maintenance (CAM) and a share of property tax in monthly instalments, based on an estimate. At the end of the year the real cost is known and is almost never the same as the estimate.

This statement is how the landlord settles the difference: it sets out the real cost for the year, the tenant's share of it, what the tenant already paid on account, and the balance that one side owes the other. Use it once a year, or at the end of any period the lease sets for settling, in a lease of a shop, office, SCO, showroom or industrial unit in Punjab or Chandigarh. It is the landlord's own statement, sent to the tenant, with the cost heads listed and the supporting bills open for the tenant to inspect for a set number of days. If the tenant has a question it asks it within that time. It is a statement of account and not a demand notice, and it does not change what the lease says is payable. It states no tax rate; the property tax and any GST on CAM come from the bills and the law in force, and the statement only reports them.

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You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

A statement of account is not an instrument that creates or transfers a right, so no stamp duty is payable on it in Punjab or Chandigarh. A settlement of a balance is done by payment or adjustment and needs no stamp.

Registration

Not required. It is not a lease and creates no interest in the premises.

Notarisation

Not required.

Witnesses

Not required. A single signature of the Landlord or its authorised person is enough.

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Sample preview — placeholder answers, not your data

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CAM AND PROPERTY TAX RECONCILIATION STATEMENT

Office 304, Third Floor, Tower B, Elante Business Park, Industrial Area Phase 1, Chandigarh 160002

Issued at Chandigarh on 2 April 2026 by Sethi Estates Private Limited, of SCO 12, Sector 17-C, Chandigarh 160017 (the "Landlord"), to Northline Analytics Private Limited, of Plot 5, Phase 8-B, Industrial Area, Mohali 160055 (the "Tenant"), under Commercial Lease Deed dated 1 April 2026 (the "Lease").

Period covered: 1 April 2026 to 2 April 2026.

1. THE TENANT'S SHARE

1.1 The Tenant's share of the shared costs of the building for the period is 4.2 percent, being 1,850 of 44,000 square feet of chargeable area.

2. COMMON AREA MAINTENANCE (CAM)

2.1 The shared costs charged for the period are: Security, housekeeping, lift maintenance, common area electricity, gardening, repairs and management fee.

2.2 Total shared cost for the whole building for the period: ₹48,00,000 (Rupees Forty Eight Lakh only).

2.3 The Tenant's share of that cost: ₹2,01,600 (Rupees Two Lakh One Thousand Six Hundred only).

3. PROPERTY TAX

3.1 Property tax for the whole building for the period, as shown by the bill or receipt: ₹12,00,000 (Rupees Twelve Lakh only).

3.2 The Tenant's share of the property tax: ₹50,400 (Rupees Fifty Thousand Four Hundred only).

4. WHAT HAS BEEN PAID AND THE BALANCE

4.1 The Tenant has paid on account for CAM and property tax in the period: ₹2,40,000 (Rupees Two Lakh Forty Thousand only).

4.2 After adding the Tenant's share in clauses 2.3 and 3.2 and setting off the amount in clause 4.1, the balance for the period is ₹12,000 (Rupees Twelve Thousand only), which is payable by the Tenant to the Landlord.

4.3 The balance shall be settled within 15 days of the date of this statement, by bank transfer, or, if it is refundable to the Tenant, by credit against the next rent invoice.

4.4 The amounts above are before GST, which is charged separately on the invoice if it applies.

5. THE TENANT'S RIGHT TO CHECK

5.1 For 30 days from the date of this statement the Landlord shall allow the Tenant, on reasonable notice, to inspect the bills, invoices and records behind the figures above, and to take copies.

5.2 If the Tenant disagrees with a figure it shall say so in writing within that time, naming the item and giving its reasons. The undisputed part of the balance shall be settled as stated in clause 4.3, and the Parties shall try in good faith to resolve the disputed part promptly.

5.3 If a mistake is found after the statement is issued, whether in the Landlord's favour or the Tenant's, the Landlord shall issue a corrected statement and the difference shall be settled in the same way as the balance.

6. STATUS OF THIS STATEMENT

6.1 This is a statement of account under the Lease. It does not change the Tenant's obligations under the Lease and does not waive any right of either Party.

Questions about this document

Does the CAM and Property Tax Reconciliation Statement need stamp paper or stamp duty in Punjab and Chandigarh?

A statement of account is not an instrument that creates or transfers a right, so no stamp duty is payable on it in Punjab or Chandigarh.

See the full position on stamp duty, registration and witnesses

Does the CAM and Property Tax Reconciliation Statement need registration in Punjab and Chandigarh?

Not required.

See the full position on stamp duty, registration and witnesses

What does the CAM and Property Tax Reconciliation Statement cost on Kaagazaat?

Free, always.

Does the CAM and Property Tax Reconciliation Statement need witnesses?

Not required.

See the full position on stamp duty, registration and witnesses

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