Nagpur Metro | NMRC increase the stamp duty by 1% in the Metro Rail corridor

Nagpur: The Ministry of Housing and Urban Development has approved the proposal to increase the stamp duty by 1% in the Metro Rail corridor. Duty now will be 7.5% instead of 6.5%. The registration charge of 1% (maximum 30,000 rupees) will remain unchanged. The stamp duty on the city, except the area under the Metro corridor, will remain at 6.5%. The corridor is the area that is 500 meters on both sides of the Metro road.


While the stamp duty was increased, the proposal to increase the floor to space index (FSI) in the Metro corridor is still under consideration. The government is also thinking of increasing the development charges imposed while sanctioning a building in the corridor.


The decision to increase the stamp duty is very important for Nagpur Metro Rail Corporation Limited (NMRCL) since it will get half the revenue generated by a 1% surcharge charge. The remaining 50% will go to Nagpur Municipal Corporation (NMC) or Nagpur Improvement Trust (NIT) depending on the ownership of the property.


According to the builders, the draft of the FSI walk proposal needs many changes. The Metro corridor where the highest FSI is applicable should be 1 km on both sides of the Metro road. There should be no limit on the size of the dwelling and the density of tenements. Balconies should be allowed in the marginal space around the buildings and the premium for the additional FSI should be less than 40% of the immediate registration value.




Click here to see on portal https://goo.gl/AMrhPk

Comments

Post a Comment

Popular posts from this blog

Chennai Metro | CMRL releases map of Phase 2 metro project

Image
Chennai: Chennai Metro Rail Limited has officially released a route map for its ambitious phase 2 metro project that will connect far-flung areas of the city through three corridors. In February, Metro Rail floated nine tenders for detailed design consultants and for soil tests. In one of the tenders, it has released a map of phase 2 with 104 stations, covering 107km. The estimated cost of the project is Rs 85,047 crore. Chennai Metro Phase II Network Map (PC: CMRL) However, after a review of the alignment, CMRL officials said they had increased the number of stations to 116 covering a total 107.55km along three corridors. The tenders CMRL has floated are also for corridor 3 (Madhavaram Milk Colony to Siruseri SIPCOT) that covers the IT hub on the OMR and corridor 5 (Madhavaram to Sholinganallur). Corridor 4 that connect Light House to CMBT is likely to be extended up to Poonamallee at an additional cost of Rs 3,850 crore. A feasibility study is at present underway following which a
Read more

NCRTC invites bids for engagement of detailed design consultant for elevated RRTS stations

Image
New Delhi: The National Capital Region Transport Corporation (NCRTC) issued tender notice for Engagement of detailed design consultant for detailed designs and drawings of 4 nos. of elevated RRTS stations in the section from Sahibabad ramp to EPE Crossing and maintenance depots at Duhai and Modipuram for Delhi-Meerut RRTS Corridor. DM-09-DDC Engagement of detailed design consultant for detailed designs and drawings of 4 nos. of elevated RRTS stations in the section from Sahibabad ramp to EPE Crossing and maintenance depots at Duhai and Modipuram for Delhi-Meerut RRTS Corridor. Tender documents can be purchased from 19.03.2018 (1000 hrs) to 04.05.2018 (1100 hrs). Region Rapid Rail System Project in India Tender documents can be submitted from 27.04.2018 (1000 hrs) to 04.05.2018 (1100 hrs). Tender document will be opened on 04.05.2018 at 1130 hrs. For more details, please write to editor@metrorailnews.in Click here to see on portal https://is.gd/IEFFgP
Read more

Delhi Metro | CMRS to start inspection of Durgabai Deshmukh-Lajpat Nagar section

Image
New Delhi: The Pink Line is the second new line of Phase III of Delhi Metro which was partially opened on 14 March 2018. There will be an inspection of Delhi Metro"s Pink line, from Durgabai Deshmukh South Campus to Lajpat Nagar stations. The inspection will be done by the Commissioner for Metro Rail Safety (CMRS) on July 23. The inspection will concentrate on the way for the opening of the section, which is likely to be inaugurated early next month, the official said. This stretch will have two interchange points INA and Lajpat Nagar. There are six new stations on this 8.10 Km stretch which are are Sir Vishveshariah Moti Bagh, Bhikhaji Cama Place, Sarojini Nagar, INA, South Extension and Lajpat Nagar. The INA commuters now an can easily interchange with the Yellow Line and Lajpat Nagar station with Violet Line a big congratulation for all the shopping lovers for connectivity for two big hubs of shopping. [caption id="attachment_15535" align="alignnone" wid
Read more