Real Estate India Property Forum –Gurgaon, Delhi, Noida, Mumbai –No Buy, Sell or Rent Properties here!

JOIN IREF

Go Back   Indian Real Estate Forum - www.indianrealestateforum.com > Real Estate in Indian Cities > Hot Cities > Bangalore

Search Before Posting - Use 'Google Custom Search' - Keep forum free from Duplicate Threads - Use Descriptive Thread Titles

Reply Closed Thread

 
LinkBack Thread Tools Search this Thread
Old 17-05-07   #1
amitroy
Unregistered User
 
Posts: n/a
Default Land regularisation rules finalized

Owners of illegal properties and buildings which have deviated from the plan in the state will finally get a "clean chit" for their structures. The government has finalised the rules to regularise them with compounding fees.

The final notification under the Karnataka Town and Country Planning Act for bringing in the much-debated regularisation scheme for illegal and other properties has been issued by the urban development department.

The government has come up with different slabs for eight categories of violations — illegal layouts, violations in the formation of sites, setback and FAR violations, buildings without the approved plan, etc. for residential and commercial usage.

Residential buildings with violations up to 50% and commercial buildings with violations up to 25% will be regularised. According to the final notification rules, a copy of which has been obtained by The Times of India, penalty ranges from Rs 100/sqmt to Rs 600/sqmt depending on the size of the area and of the plot/building.

Penalty for buildings constructed on non-agricultural lands — revenue properties: residential - 2% of the market value of the property and 4% of the market value for commercial properties. Here, the fine is calculated per sqmt of total built-up area.

The penalty for FAR and setback violations stand at: residential up to 25% violation - 10% of the market value; up to 50% violation, it is 25% of market value. For commercial, up to 12.5% violation - its 25% of the market value and up to 25% violation - it is 40% of the market value. This is calculated as per sqmt of total violated area.

For regularisation of violations relating to site formation: up to 60 sqmt - Rs 200/sqmt for Bangalore Urban and Rural; Rs 150/sqmt for other corporation areas; up to 120 sqmt - Rs 400/sqmt in Bangalore and Rs 200/sqmt for other corporation areas; above 120 sqmt — Rs 600/sqmt for Bangalore and Rs 250/sqmt for other corporations.

However, this scheme does not apply to certain category of properties - buildings on encroached land (government land), valleys, drains, tank beds, lands that have HT electrical lines, buildings in dispute, forest land, buildings coming in the alignment of proposed road or rail network and buildings that have come up on lands which are not designated for the particular land use.

Source - TOI
  Reply With Quote
Reply

Tags
finalized, land, regularisation, rules

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


ADVERTISE ON THIS WEBSITE - CONTACT US NOW
All times are GMT +5.5. The time now is 07:01 PM.



Home | About IREF | Terms and Conditions | Copyright Infringement Policy
Copyright © 2006-2012, www.indianrealestateforum.com, All Rights Reserved.
Bookmark and Share