What we charge

Every amount below includes GST at 18% where GST applies, and every charge brings a tax invoice, so a buyer registered under GST can take the input credit.

A deposit is not a charge. Earnest money in the insurance sector and the Genuineness Certified Amount in the private sector are your money, held and given back. No GST arises on them, and they are shown in blue below to keep them apart from what we actually charge.

INSURANCE SECTOR – BUYERS

WHAT	WHEN	HOW MUCH
Registering		FREE
Earnest money on a listing	before you can bid on it; held as a balance, so one deposit can cover several listings, and given back when it is not committed	15% of the expected price
Participation charge	when the listing is settled, from every buyer who bid on it	Rs 500.00
Charge on a winning offer	when the listing is settled, from the buyer whose offer the company accepted; it comes out of his earnest money, and the rest of that money goes to the company	1% of his winning offer
Seeing the final result of a closed listing	only if you did not bid on it; a buyer who bid sees it at no charge	Rs 100.00

Nobody is charged where the company refused every offer and the best offer was above 90% of its expected price. In that case the buyers are refunded in full and the company bears Rs 100 for each bid placed.

INSURANCE SECTOR – COMPANIES PUTTING ITEMS UP

WHAT	WHEN	HOW MUCH
Registering, listing, extending a listing, recording a decision		FREE
Refusing every offer when the best one was above 90% of your expected price	payable within a month of the refusal	Rs 100 for each bid placed

Below 90%, refusing the offers costs nothing.

PRIVATE SECTOR – BUYERS

WHAT	WHEN	HOW MUCH
Registering, and placing an offer	any registered buyer may bid, verified or not	FREE
Registration fee for a Genuineness Certified Account	once, when you choose to become verified	Rs 5,000.00
The Genuineness Certified Amount itself	kept with us while you are verified, and given back when you ask, less anything a seller has rightly claimed against it	Rs 20,000.00 or more
Adding to your deposit later	each time; the addition itself is a deposit and carries no GST	Rs 200.00
Guarantee amount, if you do not honour an offer the seller accepted	on a complaint we have checked and upheld; taken out of your deposit	as agreed on your account
Seeing the final result of a closed listing	only if you did not bid on it, and are not the surveyor who listed it	Rs 100.00

Taking your deposit back ends your verified standing. To be verified again later you register again and the registration fee applies afresh. There is no charge for the refund itself.

PRIVATE SECTOR – SURVEYORS, LOSS ASSESSORS AND OWNERS

WHAT	WHEN	HOW MUCH
Registering, listing, extending a listing, seeing the offers on your own items		FREE

These are the charges as they stand today. We may change them, and the page will show the new figures; a change does not affect money already deposited or a listing already open. See also the terms and conditions.

QUESTIONS AND ANSWERS | TERMS AND CONDITIONS | REGISTER | HOME