The Main function of Land Costing wing is to determine cost for various activities related to Residential, Industrial, commercial, Industrial as under:

  • Break Even Analysis and Fixation of Predetermined Rates.
  • Valuation of Land -fixation of reserve Price
  • Valuation of Land for Special Projects based on the principle that the value of land is what is allowed to be built upon it is being coordinated.
  • Records of premium and ground rent for each plot are being maintained in the form of Demand and Collection registers.
  • Unearned increase in case of transfer of lease property out of blood relation and formation of new company.
  • Misuse charges for putting the property to a use other than what is permissible under the lease conditions.
  • Verification of receipt of composition fees for delayed construction of plots, are some of the other levies which are recovered after verification of the amount by Land costing wing.
  • Sub-letting charges for renting portion of industrial/commercial plot.
  • Checking of conversion charges for conversion of property from lease hold to free hold.

 

 
   
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