Land Rate

For the costing of Land, the land rate shall be taken as applicable on the date of Allotment.A list of land rate is given in main menu.

Location Charges

If the plot is situated on a road having 18 meter or more width, 10% of the cost shall be payable as location charges.

Corner Charges

If the plot is a corner plot (i.e. the plot is situated on road from two sides), 10% shall be payable as corner charges.

Park Facing

If the Plot is facing any park, 5% shall be additionally payable as park facing charges

Combination

In case for any plot, all the above charges are applicable, the maximum charges applicable shall be 20%

Transfer of Property Charges

The property may also be changed if vacant.In case, on demand of applicant, the property is changed, 15% of total value of transferred property shall be charged as transfer fee.

Cost of Additional Land

In case, the area of the plot is more than the standard/allotted area, the cost of extra land shall be calculated with the land rate at the time of allotment for the area up to 10% increase, and for balance increased area, land rate shall be the current prevailing rates.

Costing For Houses

Generally the cost mentioned on the allotment letter is the estimated price of the House. The actual cost of the House is calculated when the actual expenditure of construction, duration of work and interest rate are finally assessed. The cost is calculated on the basis of actual cost of construction, interest for half of the project completion period , Consultancy, overhead charges and the cost of land.

Mutation

The mutation charges shall be calculated @ 1% of the current market price(Current market rate will be computed on the basis of DM circle rate or Development authorities rate whichever is higher) of the property.

Costing for Multistory Property

Duplex

Total land is charged

Two storied Houses

  • Ground Floor-60% of land value is charged
  • First Floor-40% of land value is charged

Three Storied Houses

  • Ground Floor-40% of land value is charged
  • First Floor-30% of land value is charged
  • Second Floor-30% of land value is charged

Four Storied Houses

  • Ground Floor-30% of land value is charged
  • First Floor-20% of land value is charged
  • SecondFloor-20% of land value is charged
  • Third Floor-20% of land value is charged