Township Projects: Premium Charges & FSI

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Questions and Answers

What is the premium rate for ITP projects in Afforestation Zone, Hill Top & Hill Slope Zone?

  • 8%
  • 15% (correct)
  • 5%
  • 10%

What is the premium rate for ITP projects located in Public / Semi-public Zone, Industrial Zone, TH & LP?

  • 10%
  • 8% (correct)
  • 15%
  • 5%

What is the premium rate for ITP projects in Agricultural, G1, CRZ or Buffer zones?

  • 15%
  • 5%
  • 10% (correct)
  • 8%

The premium for ITP projects is calculated based on which type of land rate?

<p>Agricultural land rate (C)</p> Signup and view all the answers

If the agricultural land rate is not available in the ASR, how is the rate determined for premium calculation?

<p>The rate given by the Inspector General of Registration (IGR) is used. (D)</p> Signup and view all the answers

What percentage of the total premium for an ITP project must be paid at the time of Locational Clearance?

<p>10% (C)</p> Signup and view all the answers

What percentage of the total premium is required to be paid at the time of issuing the Letter of Intent (LOI)?

<p>10% (B)</p> Signup and view all the answers

What percentage of the total premium is required at the stage of Master Layout Plan Sanctioning?

<p>20% (A)</p> Signup and view all the answers

The remaining 60% of the total premium for ITP projects shall be paid in how many installments?

<p>Four equal installments (C)</p> Signup and view all the answers

The installments for the remaining premium attract interest as per which rate?

<p>PLR (Prime Lending Rate) (C)</p> Signup and view all the answers

What is the basic permissible FSI (Floor Space Index) allowed upon payment of the prescribed premium for Integrated Township Projects?

<p>1.0 (C)</p> Signup and view all the answers

The basic FSI of 1.0 for Integrated Township Projects is calculated based on what area?

<p>Gross plot area under Master Layout Plan (D)</p> Signup and view all the answers

What is the premium rate for obtaining 100% additional FSI for an ITP?

<p>10% of weighted average land rate (C)</p> Signup and view all the answers

When is the premium for the additional 100% FSI required to be paid?

<p>At the time of Building Permission (A)</p> Signup and view all the answers

Which of the following statements is NOT true regarding premium payment for ITP projects?

<p>Premium is based on commercial land rate (B)</p> Signup and view all the answers

Flashcards

ITP Premium Rate: Afforestation/Hill Zones?

15%

ITP Premium Rate: Public/Industrial Zones?

8%

ITP Premium Rate: Agricultural/CRZ Zones?

10%

Premium Calculation: Land Rate Type?

Agricultural land rate.

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No ASR: How is land rate decided?

Rate given by Inspector General of Registration (IGR).

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Premium Payment: Locational Clearance?

10%

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Premium Payment: Letter of Intent?

10%

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Premium Payment: Master Layout Sanction?

20%

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Remaining 60% Premium: Installments?

Four equal installments.

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Premium Installments: Interest Rate?

PLR (Prime Lending Rate).

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Basic Permissible FSI (with premium)?

1.0

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Basic FSI Calculation: Area?

Gross plot area under Master Layout Plan.

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Additional 100% FSI Premium Rate?

10% of weighted average land rate.

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Additional 100% FSI Premium: When to pay?

At the time of Building Permission.

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Premium payment: Which statement is NOT true?

Premium is based on commercial land rate

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Study Notes

  • The following notes pertain to Integrated Township Projects (ITP) under UDCPR, focusing on premium charges and FSI.

Premium Rates for ITP Projects

  • A 15% premium rate applies in Afforestation Zones, Hill Top, and Hill Slope Zones.
  • An 8% premium rate applies in Public/Semi-public Zones, Industrial Zones, TH & LP.
  • A 10% premium rate applies in Agricultural, G1, CRZ, or Buffer zones.
  • Premium is calculated based on the agricultural land rate.
  • If the agricultural land rate is unavailable in ASR, the rate is determined by the Inspector General of Registration (IGR).

Premium Payment Schedule

  • 10% of the total premium must be paid at the time of Locational Clearance.
  • An additional 10% premium is due when issuing the Letter of Intent.
  • 20% of the premium is required at the Master Layout Plan Sanctioning stage.
  • The remaining 60% of the premium is payable in four equal installments.
  • Installments for the remaining premium attract interest as per the Prime Lending Rate (PLR).

Floor Space Index (FSI)

  • The basic permissible FSI is 1.0, subject to payment of the prescribed premium.
  • The basic FSI of 1.0 is calculated on the gross plot area under the Master Layout Plan.
  • An additional 100% FSI can be obtained by paying a premium at 10% of weighted average land rate.
  • The premium for additional FSI should be paid at the time of Building Permission.

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