Nagpur: Proposal to increase up to 60% in building plan clearance fee

The Town Planning Department of NMC has decided to review the improvement and building plan clearance fee up to 60%.

The department's proposal on review of the allegations will be postponed before the Standing Committee's enquiry on 7 January. The civil administration has also submitted 59 other proposals collectively for an estimated Rs 44.75 crores.

The grand alliance was Rs 15,000-75,000 per sq.m. For the creation of the approval program, but the department intends to make up to Rs.2,200, Rs.1 lakh, which is an increase of 40%.

Related rates were also recommended for stocking building materials. The administration has recommended a fee of Rs 24,200 per sq.m. to 75,000 per sq.m. Nevertheless, the rate established by the general body was Rs.15,000 per sq.m. 50,000 per sq.m. as per schedule.

It also aims to improve tree deposits. The department intends to double tree deposits ranging from Rs 500 to Rs 1,000.

In addition, the Town Planning Department has also intended to include unauthorized constructions in rooms to eliminate stairways, pathways, lobbies, elevators, etc. from the carpet area by paying a dividend of 5% of the ready reckoner rate of property. The actual fee is 4%.

Nevertheless, the department has recommended no difference in fees for regularization of unauthorized construction of floors. The proposal called for regularizing floor repos by taking a 4% permanent benefit on building property below 180 sq.m. Areas for all residential, commercial and industrial divisions.

The department's intention is to multiply the fees to compare the sewage network, while providing approval for the construction of any other assets.

It also proposes multiplying the charges of division or amalgamation of assets.

The revised rates proposed under the jurisdiction of Nagpur Improvement Trust would also be appropriate as the state government nominated as the planning authority on August 27, 2019.

Despite the financial situation of NMC being unstable, the Sports Department has volunteered to organize tribal greatness by contributing Rs 30 lakh to the Lake Futala. Additionally, the Social Welfare Department has proposed to maintain the Expo of Women Entrepreneurs at Reshimbagh Maidan from 19 to 26 January and has approved a sanction of Rs 91.78 lakh for this purpose.The Social Welfare Department also recommended allocation of Rs 1.87 crore for 70 unemployed disabled youth to get e-rickshaws.

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Reduction of stamp duty by 0.5% in Nagpur

NAGPUR: A relief for all property builders, buyers and developers, the Stamp and Registration Department has reduced the stamp duty in Nagpur by 0.5%, which has been revived for NagpurImprovement Trust (NIT) for the last 83 years.

Nevertheless, the decision is a major hurdle for the Nagpur Municipal Corporation (NMC), as it still has to receive revenue as it has sprouted all areas of the NIT (Nagpur Improvement Trust).

An administrator of the Department of Stamps and Registration said stamp duty is now 7% vs. 7.5%,

with stamp duty coming into force from 1 December. "This stamp is made according to the representative's rules," the official said.

In a letter, Ughde said, "There was a requirement in section 77 of the NIT Act 1936 to get a 0.5% stamp duty from all activities and transactions in the neighborhood that is developing under the jurisdiction of the NIT. Filed on 27 August Within the information, the state government had distributed the overall NIT areas, particularly seven projects, to the NMC. There is no area of ​​NE. Therefore, the stamp duty charged for NITs needs to be discontinued. "

The Stamps and Registration Department collected a 0.5% stamp duty from all transactions beyond the city and submitted it to the NIT. After a few court orders, the department started to discharge the stamp duty from the areas, especially after NIT jurisdiction. NIT has spent 12.50 crores annually.

The reduction in stamp duty is huge news for property builders, buyers, and developers, as it was one of the greatest in the state.

The government took the entire neighborhood of the NIT to the NMC from August 27, as per the requirements in the NIT Act. The areas transferred by NIT to NMC are mainly unauthorized and under-developed. This is observed as a massive financial hardship over the remaining NMC, which has been erupting earlier under a financial emergency. But the civic body has not received stamp duty raised for NIT.

NMC is also receiving stamp duty of 1% from the abolition of Octroi in April 2013.

The primary stamp duty is 5% of the entire amount of the property. The government had added a 0.5% stamp duty for the NIT, an additional 1% for the NMC and 1% for the metro rail project. Thus, the stamp duty in the city was 7.5%