August 1, 2023: Starting today , the Rajasthan Real Estate Regulatory Authority (Rajasthan Rera) will levy a standard fee along with project registration fee for plotted development projects- both housing and commercial.
Presently, for the registration of plotted development projects, a registration fee of Rs 5 per square metre (psm) is being charged on residential, commercial, industrial and mixed use plots.
According to the new order, the authority will charge Rs 5 psm as standard fees for residential plots and Rs 10 psm as standard fees for commercial, industrial and mixed use plots in addition to the registration fees.
Source: Rajasthan Rera website
The order highlights that this standard fee will be applicable on schemes introduced by private developers as well as one’s introduced by the government agency. This will hold true for settlement schemes that may be launched by any of Rajasthan’s municipalities, UIT, Development Authority, Rajasthan State Industrial Development and Investment (RIICO), Rajasthan Housing Board (RHB) etc.
Note that all registrations done till July 31, 2023 gave only the registration fees and not the standard fees.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
