2.2.14 Premium Charges and Fire Infrastructure Charges.

i) Premium Charges - Premium charges as may be required to be recovered under these regulations shall be paid to the Authority before issue of development permission / commencement certificate. The 50% Premium share of the Government shall be deposited by the Authority in a specified head of account of the Government. The amount of premium collected by the Authority shall be kept in a separate account and it shall be utilized for development of civic amenities and infrastructure. In case of Regional Plan area, 100% premium charges shall be paid to Government through the District offices of Town Planning and Valuation Department. The aforesaid premium chargesexcept the premium leviable under Chapter 5 of these regulations shall be allowed to be paid in the instalments with interest @ 8.5% per annum in the following manner and subject to following conditions.

(1) Inserted vide Corrigendum / Addendum No.CR.121/21, dt.02nd December, 2021

(#) Clarifications issued vide letter CR.42/21/UD-12, dt.14th June, 2021 & CR.236/18 (Part 2), dt.23rd December, 2021

A) Option - 1

a) Building below 70.0 m. height. Initial At the end of Month with interest

                Payment                        12   th
                                                                           24th                        36th                       48th
               1stInstalment           2nd Instalment               3rd Instalment              4th Instalment              5th Instalment
                   10%                       22.5%                       22.5%                       22.5%                       22.5%
        b)       Building having height of 70.0 m. and above.
                Initial                                         At the end of Month with interest
               Payment                   12  th
                                                                24th                   36th                   48th                  60th
           1st Instalment               2nd                    3rd                    4th                    5th                     6th
                                    Instalment             Instalment             Instalment             Instalment              Instalment
                  10%                    18%                    18%                    18%                    18%                  18%

B) Option - 2 The instalment of 20% shall be paid at the time of granting development permission / commencement certificate and remaining 80% amount at the time of occupation certificate. The remaining amount shall be liable for interest @ 8.5% per annum.

Notes :

i) The instalment shall be granted with the interest at the rate of 8.5% p.a. on reducing outstanding balance premium.

ii) The owner / developer shall deposit post-dated cheques for instalment amount with an interest due drawn on scheduled bank, as per the scheduled date of payment.

iii) Occupation Certificate shall be granted in proportion to the payments made.

iv) The first instalment shall not be less than 50 lakhs in case of A, B, C Class Municipal Corporations and 25 lakhs in case of other areas. (2) However the Planning Authority may reduce the first instalment limit as a policy by considering local conditions. (2) In such case, the remaining amount shall be apportioned in remaining instalments.

(2)

v) (Deleted). (2)

(#)

ii) Fire Infrastructure Charges - These charges shall be decided by the Government from time to time