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Tamil Nadu
Infrastructure fee on new buildings nets TN Rs 102 cr
Our Bureau
Chennai, June 30 The infrastructure and amenities charge on real estate development has netted the Tamil Nadu Government over Rs 101.71 crore as of March 2009.
According to the policy note on Housing and Urban Development for March 2009-10 tabled in the Assembly on Tuesday, since the introduction of the charges, in the 18-month period between June 2007 and March 2009, the developers have paid over Rs 101.71 crore.
The infrastructure and amenities charge is levied at the rate of Rs 200 to Rs 1,000/ sq.m for various types of buildings.
Suburban development
The State Government has announced plans for the regulated development of Chennai suburbs. Moving the demand for grants to housing and urban development, the Minister for Housing and Slum Clearance, Mr Suba Thangavelan, said that with large portions of the Chennai suburbs coming under the Thiruvallur district, the Tamil Nadu Government would set up a local committee to chart out plans for planned development of the suburbs.
He announced that additional built-up areas would be allowed in housing projects with residential units of a maximum of 30 sq.m for the economically weaker sections and 50 sq.m in the affordable housing category.
Developments targeting the economically weaker section would be allowed 50 per cent higher Floor Space Index (FSI) and the affordable housing segment 30 per cent higher FSI.
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