Building impact fee rationalised, 118 more roads become ‘commercial’

This fee structure is applicable to previously declared commercial roads and also supercedes the past rates

The State government has notified 118 roads spread across the twin cities as ‘commercial roads’ and also rationalised the impact fee to be paid whenever buildings permission is sought but also rejected plea to declare all 100-foot-wide roads to be declared as ‘commercial’ on Monday. Municipal Administration & Urban Development Secretary Arvind Kumar in the official orders issued stated that the impact fee for commercial complexes, multiplex, malls, hotels, pubs, IT/ITES complexes, fuel filling stations and others will be 6% of registered land value or ₹ 300 per sq.ft for upto ground and first floor. It will be 3% of the registered land value or ₹150 per sq.ft for above ground plus first floor. For hospitals, nursing homes, educational institutions, convenient shopping outlets, supermarkets, retail chains, residential building with mixed land usage facility, the fee would be 2% of the registered land value or ₹100 per sq.ft for up to ground plus one year and 1% of the registered land value or ₹50 per sq.ft for above ground and first floor.