Business Daily from THE HINDU group of publications
Friday, Sep 11, 2009
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Business Daily from THE HINDU group of publications Friday, Sep 11, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Industry & Economy
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Real Estate & Construction States - Tamil Nadu TN cuts infrastructure, amenities charges for realtors Our Bureau Chennai, Sept. 10 The Tamil Nadu Government has brought down the infrastructure and amenities charges levied on real estate developments. Through an order on Wednesday, the Housing and Urban Development Department in GO. MS. No. 161 has said that infrastructure and amenities charge on commercial multi-storeyed buildings in the Chennai Metropolitan Area and Chingleput region would be Rs 500 a sq m; in Coimbatore, Tirupur and Kurichi Rs 375; and in other areas Rs 250. This is a 50 per cent reduction on the charges levied earlier. For multi-storeyed residential buildings, the infrastructure and amenities charges have been brought down by 75 per cent to Rs 250 a sq m uniformly across the State. For buildings other than multi-storeyed buildings, including commercial, group development and special buildings, charges have been fixed at Rs 100 a sq m in Chennai Metropolitan Area and Chingleput region; Rs 75 in Coimbatore, Tirupur and Kurichi; and Rs 50 in other areas. For institutional buildings not covered under multi-storeyed buildings the infrastructure and amenities charges in Chennai Metropolitan Area and Chingleput region is Rs 100 a sq m; in Coimbatore, Tirupur and Kurichi Rs 75; and in other areas Rs 50. For industrial buildings other than multi-storeyed buildings the charges in Chennai Metropolitan Area and Chingleput is Rs 150 a sq m; in Coimbatore, Tirupur and Kurichi Rs 112.50 and for other areas Rs 75. More Stories on : Real Estate & Construction | Taxation | Tamil Nadu
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