FSI Rate Changed For Properties along Metro in Tamil Nadu
The Housing and urban development department has made an amendment to the Tamil Nadu combined development and building rules, 2019. In the rule 30, sub rule (5), clause (II) has been changed such that all properties located 500m from central line of the metro rail corridor that is proposed, corridor that is proposed, under construction or completed and for which administrative sanction has been accorded, the premium FSI(Floor space index) will be charged 50% of the applicable premium FSI. Earlier this was not allowed for those properties located where the corridors properties located were proposed or were under construction. All properties located 500m from central line of the metro rail corridor that is proposed under construction or completed and for which administrative sanctions have been accorded , the premium FSI will be charged 50% of the applicable premium FSI. Tamil Nadu government has allowed up to 50% discount on premium FSI charges for properties located within 500 metres from the central line of the proposed Metro Rail Project Phase II. The State housing secretary issued an order to this effect recently after amending the Tamil Nadu Combined Development and Building Rules (TNCDBR), 2019.
Tags : Housing and urban development department amendment Tamil Nadu properties buildings metro rail FSI government Tamil Nadu Combined Development and Building Rules