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Section 12: Valuation of Building

The Karnataka Town and Country Planning (Benefit of Development Rights) Rules, 2016.State Rules of Karnataka · 1963

For the purpose of calculation of eligible notional land for having surrendered part or whole of Building area, following procedure shall be adopted,- Eligible Notional Land in Valuation of built up area surrendered * m²= Market value of the originating plot per m ² * Valuation of Built up area as per the PWD norms.

7 ILLUSTRATION FOR ISSUE AND UTILIZATION OF DEVELOPMENT RIGHTS (see sub-rule (9) of rule 4)

1. Calculation of Notional land.

(i) Notional land for land area surrendered in m² = Land Area surrendered at the Originating Plot in m² X 2 …………………………………………………………………………… (1)

(ii) Notional Land for building area surrendered= Valuation amount of the building area surrendered in the originating plot Guidance value of the land in the originating plot per m²

(iii) Total “Notional Land”= “Notional land” for land area surrendered + “Notional land” for building area surrendered (1+2)

2. Quantum of “Notional land.”

(a). When Development Rights is used as Transferable Development Rights, the Transferable Development Rights in the form of “Notional land” available for the receiving Transferable Development Rights land or plot shall be the resultant of the “Notional land” available as Development Rights of the originating plot, multiplied further by a factor arrived at by dividing the market value of the originating plot with the market value of the receiving plot.

Factorized = Notional land at originating plot Notional land X Market value of the originating plot at the time of approval of the plan for utilization of Transferrable Development Rights Market value of receiving plot at the time of approval of the plan for utilization of Transferrable Development Rights Example: 1.

 Land ‘A’ (originating plot) surrenders 100m2, having a market value of Rs.1500/ m2.

 Development Right Certificate issued to land ‘A’ (originating plot) for surrendering 100m2 = 100 m2 x 2 = 200m2 (“Notional land”)  Land ‘B’ (receiving plot) has a market value of Rs.3000/m2.

 Factor to be multiplied to the Development Rights of the originating plot, to derive Transferrable Development Rights of the receiving plot Market value of originating plot Rs.1500/m2 = --------------------------------------- = ---------------- = 0.5 Market value of receiving plot Rs.3000/m2  “Notional land” as T.D.R. for land ‘B’ (receiving plot) will be = 200 x 0.5 = 100m2 Example: 2.

 Land ‘A’ (originating plot) surrenders 100m2, having a market value of Rs.3000/ m2.

 Development Right Certificate issued to land ‘A’ (originating plot) for surrendering 100m2 = 100 m2 x 2 = 200m2 (“Notional land”)  Land ‘B’ (receiving plot) has a market value of Rs.1500/m2.

 Factor to be multiplied to the Development Rights Development Rights of the originating plot, to derive Transferable Development Rights of the receiving plot Market value of originating plot Rs.3000/m2 = ------------------------------------- = ---------------- = 2.0 Market value of receiving plot Rs.1500/m2 8  “Notional land” as Transferable Development Rights for land ‘B’ (receiving plot) will be = 200 x 2.0 = 400m2

3. Utilization of Notional land.

The “Notional land” as Transferable Development Rights (for receiving plot B) shall be multiplied by the permissible Floor Area Ratio of Plot ‘B’ to arrive at the additional floor area of the receiving plot(Plot ‘B’) by using Transferable Development Rights. Such additional floor area shall be added to the permissible floor area of plot ‘B’ to derive the total floor area eligible for receiving plot (subject to the limitation of floor area of the receiving plot prescribed in these regulations) Additional floor area in m² for the Notional land (Development Rights) = Factorized Notional land X Permissible Floor Area Ratio of the Development Rights Receiving plot.

Illustration:

Receiving Plot B: 9.0 mx 12.0 m=108 m² (Market value: Rs.1000/m²) Land surrendered at Originating plot A =100m² Notional land granted=100 x 2=200 m² Utilization of notional land for different values of permissible Floor Area Ratio Floor Area Ratio:1 Floor Area Ratio:2 Floor Area Ratio:3 Permissible floor area for Plot B 108 m² 216 m² 324 m² Utilization of Notional land as additional floor area for Transferable Development Rights 200x1=200 m² 200x2=400 m² 200x3=600 m² Additional floor area for 0.6 times permissible Floor Area Ratio

64.8 m² 129.6 m² 194.4 m² Maximum Allowable Development Rights (Notional land) : Additional floor area/ Floor Area Ratio

64.8/1=64.8 m² 129.6/2=64.8 m² 194.4/3=64.8 m² Development Rights (Notional land) required at the market value of originating plot A:

Allowable notional land (Development Rights ) x Current Market Value of Receiving Plot / Current Market value of Originating Plot

1.Current Market value of Originating Plot : Rs. 500/m²

2.Current Market value of Originating Plot: Rs.1000/m²

3.Current Market value of Originating Plot: Rs. 1500/m²

4.Current Market value of Originating Plot : Rs.3000/m² Notional land required to be utilized at receiving plot B

64.8x1000/500 = 129.6m²

64.8x1000/1000 = 64.8 m²

64.8x1000/1500 = 43.2 m²

64.8x1000/3000 = 21.6 m² Example: 1 If Development Rights /Transferrable Development Rights is utilized in the remaining portion of the land surrendered 9  Land ‘A’ (originating plot) having an extent of 1000 m2 with a permissible Floor Area Ratio of ‘1.75’ surrenders 100 m2 of land for which Development Rights of 200m2 of Notional land is generated.

 If land ‘A’ (originating plot) intends to use the Development Rights in the remaining portion (900m2) of the land, the total floor area of land ‘A’ (originating plot) shall be calculated as follows:

Permissible floor area of balance land of plot A, after surrendering 100m2 In the remaining portion of 900m² of land the Floor Area Ratio shall be 900 m2 X1.75= 1575 m2 ------- (1) At 0.6 times the allowable Floor Area Ratio to be utilized for Development Rights = 0.6X1.75=

1.05……as per terms and condition no. (vii) Additional floor area which may be utilized for Development Rights = 1.05X 900 = 945m² Notional land required = 945/1.75= 540 m² Additional floor area by using Development Rights of 200 m2 of Notional Land =200 m2 X1.75= 350 m2 ------- (2) Hence full Development Rights of 200m² may be utilized in the same originating plot.

Total floor area for the balance land of 900 m2 of plot A = (1) + (2) =1925 m2 Example: 2.

If Development Rights is proposed to be utilized as Transferrable Development Rights in any eligible receivable plot other than the originating plot.

 If ‘A’ (originating plot) intends to sell the Development Rights Development Rights (200m 2 of Notional Land for surrendering 100 m2 of land ) as Transferrable Development Rights to land ‘B’ (receiving plot) having an extent of 2000m2 with a permissible Floor Area Ratio of 2.25 (market value of land ‘A’ is Rs.1500 /m2 and of land ‘B’ is Rs.3000/m2 ), the floor area of land ‘B’ (receiving plot) by using Transferrable Development Rights shall be calculated as follows:

Permissible floor area of plot ‘B’ = 2000 m2 X2.25 4500 m2 --------------------------------------(1) Factor to be multiplied to the “Notional Land” (Development Rights of the originating plot) 1500 = --------- = 0.5 3000 Factorized “Notional Land” available as Transferrable Development Rights for plot B (from the “Notional Land” of 200 m2 as Development Rights of plot A) = 0.5X200m2 =100m2 At 0.6 times the allowable Floor Area Ratio to be utilized for Development Rights = 0.6X2.25=

1.35 Additional floor area which may be utilized for Development Rights = 1.35X 2000 = 2700m² Maximum “Notional land” which may be utilized= 2700/2.25= 1200 m² x 3000/1500=2400 m²of Notional land of Plot A Additional floor area for plot B by using Transferrable Development Rights of 100 m2 of Notional Land =100 m2X2.25 =225 m2 -------------- (2) As 225 m² is less than 2400 m² the same may be utilized on plot B Total floor area for plot B = (1) + (2) =4725 m2 Note: Floor Area Ratio considered shall be the permissible Floor Area Ratio as mentioned in the Zonal Regulations of the approved Master Plan in force.

By Order and in the name of the Governor of Karnataka NAGARAJ Under Secretary to Government Urban Development Department 10 APPENDIX-I (see sub-rule (1) of rule (3) ) List of Local Planning Areas with Corporation cities eligible for Benefit of Development Rights.

Sl.No Local Planning Area

1. Bengaluru

2. Davanagere - Harihar

3. Tumkuru

4. Shivamogga

5. Mysure

6. Mangalore

7. Hubli-Dharwad

8. Belgaum

9. Vijayapura.

10. Kalaburagi

11. Bellary FORM-1 (see sub-rule (1) of rule 3) No Dated:…………… NOTIFICATION In exercise of powers conferred under section 14-B of the Karnataka Town and Country Planning Act, 1961 and rule 3 of the Karnataka Town and Country Planning (Benefit of Development Rights) Rules, 2016 the following Area mentioned in the schedule below is required by The……………………… (Name and Address of the Public Authority) for development of ……(Road, Parks, or any public purpose defined in the Act ) for implementing the proposals of the Approved Master Plan or proposals of the Local Authority . It is hereby informed to the land owners and interested persons whose lands are required for the public purpose to appear and submit their claims along with the copies of the relevant documents viz, (i) Sale/partition/ other deeds of title, (ii) Up-to-date RTC’s (iii) Mutation Copy (iv) Tax paid receipts (v) conversion order of Non agriculture purpose (vi) Revenue sketch (vii) Akar Bhand etc, in person in the place and dates as indicated in the address below and state their respective interest in such land.

The place where land owners / interested persons have to appear and submit their claims Name and address of the Divisional/sub-divisional/ branch offices Date and time The land owners/ interested parties of the scheduled properties whose lands are to be acquired shall give an option for Grant of Development Rights to the......... Public Authority as per The Karnataka Town and Country Planning (Benefit of Development Rights) Rules, 2016.

The land owners shall receive twice the area of land surrendered in lieu of monetary compensation as Development Rights ( Notional land) and one time the building area surrendered as estimated by the value of the building area surrendered divided by the market value of the land on which the building is constructed. The Notional land can be utilized by factorizing with the market value at the originating plot and receiving plot. The Notional land is eligible for FAR and used as additional built up area at the receiving plot as per the terms and conditions prescribed in the rules.

SCHEDULE “Acquisition of land required for.........................................................................(published under annual scheme of works vide. No........... dated.........)” Sl.no Name of the District Name of the Taluk Name of the Village Sy.no/ khatha no Type of land Nature of land Area ( in sqm) Name and address of the Land Owner/ interested persons Sd- 11 Public Authority FORM-II (see rule 3(2)) (to be sent by the Public Authority to Planning Authority ) To, The Chief executing Officer, …….. Planning Authority.

In exercise of powers conferred under section 14-B of the Karnataka Town and Country Planning Act, 1961 and rule 3 of the Karnataka Town and Country Planning (Benefit of Development Rights) Rules, 2016, this Authority has notified the option for grant of Development Rights in lieu of monetary compensation vide Notification No…………Dated………… Further necessary due verification has been done by this under signed Authority and Development Rights certificates are to be issued to the following eligible land/ building owners who have opted for Development Rights in lieu of monetary compensation under the Right to Fair Compensation and transparency in land acquisition, Rehabilitation and Resettlement Act, 2013.

List of land/ building area surrendered and land owners for which Development Rights Certificate is to be issued Sl No Name and address of the land owner of the land/plot / Building for which Development Rights Certificate is to be issued Address of the plot /land / building area Public purpose the land/plot is required for Dimension s of the land/plot Bounda ries of the land /plot Extent in sq. m of the land/plot likely to be surrendered Entitlement of Development Rights in the form of Notional Land 1 2 3 4 5 6 7 8 This Authority recommends to issue Development Rights in the form of Notional land to the above mentioned land/ building owners within such time and terms and conditions prescribed in the Rules Sd/- Public Authority FORM-III (see sub-rule (3) of rule 3) No Dated:…………… NOTIFICATION In exercise of powers conferred under section 14-B of the Karnataka Town and Country Planning Act, 1961 and rule 3 of the Karnataka Town and Country Planning (Benefit of Development Rights) Rules, 2016 the following Area mentioned in the schedule below is required by The……………………… (Name and Address of the Public Authority) for development of ……(Road, Parks, or any public purpose defined in the Act ) for implementing the proposals of the Approved Master Plan or proposals of the Local Authority .

The following land/ building owners have opted for Development Rights in lieu of monetary compensation under the Right to Fair Compensation and transparency in land acquisition, Rehabilitation and Resettlement Act, 2013. The Development Rights will be given by the Authority as twice the land area surrendered and one time the building area surrendered and as estimated by the value of the building area surrendered divided by the market value of the land on which the building is constructed.

The public is hereby informed about the details of the land and land owners and interested persons whose lands are required for the public purpose and Development rights are to be issued in lieu of Monetary compensation. Any objections and suggestions are to be addressed to the Commissioner, ……….. Urban Development Authority within thirty days from the date of publication of this Notification.

List of land/ building area surrendered and land owners for which Development Rights Certificate is to be issued 12 Sl.no Address of the plot /land / building area Public purpose the land/plot is required for Dimensions of the land/plot Extent in sq.

m of the land/plot Boundaries of the land /plot Name and address of the land owner of the land/plot for which Development Rights Certificate is to be issued Sd- Planning Authority FORM-IV (see sub-rule (4) of rule 3) OPTION FOR DEVELOPMENT RIGHTS CERTIFICATE BY THE APPLICANT Date:

From …………………… (Name of owner of the land) Address …………………… …………………… To The …………………….

…………………….

Sir, I, Intend to surrender the under mentioned land bearing Survey No. …….. of ………Village of …Hobli and ……….Taluk reserved for the public purpose of ………….. as per the Master Plan for the grant of “Development Rights Certificate”.

I / We forward herewith the following – • Site Plan as per Master Plan • Detailed Survey Plan • Title Deed • Property card and latest assessment book extract • Up-to-date tax paid receipt • The area statement of reservation duly certified by the architect • Encumbrance certificate • I / We hereby request that the land affected by the reservation of ………. May be taken over and Development Rights Certificate (D.R.C) in lieu thereof may be issued to me/us.

Signature of the Owner(s) of the land 13 Folio no: UDA/PU.A/Development Rights C/…../20…. Dated:

FORM-V DEVELOPMENT RIGHTS CERTIFICATE (see sub-rule (2) and (23)of rule 4) I, Commissioner/Chief Executive Officer,……………..Urban Development Authority/Planning Authority hereby issue the Development Rights Certificate to the person(s) Mr/Mrs………….S/D/O…………. residing at ………………………………………. who is/are the owner of the property no…… at …………………….(address) which has been Notified by the Public Authority for Acquisition vide, Notification Number………………………….Dated ……….. in lieu of Monetary compensation as Development Rights . Recommendation of the Public Authority to issue Development Rights C for surrendering Area of extent ………sqm and Building area of …… sqm at plot no………..at Sy.no:………of …. Village…….Hobli……….Taluk ……… District ,vide registered relinquishment deed no……..

Dated…… has been considered and Development Rights Certificate issued subject to the provisions of Section 14B of the Karnataka Town and Country Planning Act, 1961 and the rules there under:

Sl.no Particulars Location of the Land / building surrendered including survey number/ khatha number/ward number/ PID number of the property Registered Relinquishment deed details No…………..Dated……..

Extent of the land surrendered by the land owner in square meter, dimensions of the land surrendered showing the boundaries of the surrendered land Extent of building area demolished/surrendered by the land owner in square meter No of floors of the building area demolished/ surrendered Type of construction of building area demolished/ surrendered GPS co-ordinates of the surrendered property Land use of the surrendered property in the approved Master plan Notional land area credit in square meter of the land area surrendered in figures and words Notional land area credit in square meter of the building area surrendered in figures and words Total Development Rights credited: Notional land for surrendered land+ Notional land for Building area surrendered Valuation amount of the building surrendered/ demolished Market value of the surrendered plot Given under the common seal on …….. day of……..month of …………year Commisioner, ………… Urban Development Authority.

Note: Any Discrepancy found in issue of Development Rights C due to misrepresentation of ownership documents at later date after issue of this certificate, the certificate is deemed to be invalid.

Color:green 14 S l.

n o Foli o no.

Devel opme nt Right s C no.

Date and sancti on no.

Extent of Notional land granted as Developme nt Rights for land surrendered in square meters Extent of Notional land granted for building area surrendered in square meter Total extent of Notional land granted as Develop ment Rights Guidance value /Market value of the land on the date of sanction of Developm ent Rights address where Developme nt Rights is utilized :

originating plot or receiving plot Transferr able Develop ment Rights folio no.

and certificate no… and date Transfer / utilization of Developm ent Rights in square meters (Registere d document no) Balanc e area of Devel opmen t Rights Signatur e of sanctioni ng Authorit y 1 2 3 4 5 6 7 8 9 10 11 12 13 Photograph of the land owner and thumb impression Folio no: UDA/PU.A/Transferrable Development Rights /…../20….. Dated:

FORM-VI (see sub-rule (2) of rule 4) TRANSFER OF DEVELOPMENT RIGHTS CERTIFICATE I, Commissioner,……………..Urban Development Authority hereby issue the Transferrable Development Rights to the person(s) Mr/Mrs………….S/D/O…………. residing at ………………………… ……………. Generated from the Development Rights C no……… issued on ……………measuring ………..m² of Notional Land to be Transferred at plot no………..at Sy.no:………of …. Village…….Hobli……….Taluk ……… District, as per registered document no…………signed by the transferor and transferee to be utilized subject to the provisions of Section 14B of the Karnataka Town and Country Planning Act, 1961 and the rules there under:

Sl.no Particulars of the Originating plot Folio no. and Certificate no. of the Development Rights Certificate issued Location of the Land / building surrendered including survey number/ khatha number/ward number/ PID number of the property Extent of the land surrendered by the land owner in square meter, dimensions of the land surrendered showing the boundaries of the surrendered land Signature Photograph(s) of land owner Thumb impression Color: yellow 15 Extent of building area demolished/surrendered by the land owner in square meter GPS co-ordinates of the surrendered property Land use of the surrendered property in the approved Master plan Total Development Rights credited: Notional land for surrendered land+ Notional land for Building area surrendered Particulars of the eligible receivable plot for Transferrable Development Rights Location of the Land / building where Development Rights are Transferred including survey number/ khatha number/ward number/ PID number of the property GPS co-ordinates of the property where Development Rights is transferred Notional land area credit in square meter Transferred as Development Rights to receiving plot.

Market value of the Receiving plot Balance in the Originating Development Rights Certificate after credit in m² Given under the common seal on …….. day of……..month of …………year Commisioner, ………… Urban Development Authority.

Photograph(s) of the land owner and thumb impression Photograph(s) of the land owner or interested person of receiving plot Photograph(s) DRC holder(s) Signature Thumb impression Photograph(s) Transferrable Development Rights holder Signature Thumb impression 16 FORM-VII (See sub rule (11) of rule 4) APPLICATION FORM FOR ISSUE OF UTILIZATION CERTIFICATE To, Date:--- The Commissioner/Chief Executive Officer.

---------------- I/We, the undersigned hereby request to allow to utilize the Notional land (Development Rights )/Transferrable Development Rights measuring (in words…..sq. mts. In figures…. Sq.mts.) out of the total Notional land (Development Rights )/Transferrable Development Rights available in the Development Rights Certificate No…….,dated…………. Folio………… and permit the said Notional land (Development Rights )/Transferrable Development Rights to be utilized by the persons named below- PARTICULARS OF D.R.C./Transferrable Development Rights HOLDERS Development Rights Certificate No/Transferrable Development Rights No ……………..(Strikeout whichever is not applicable) Folio No……………… Name in full and Signature(s)

(1)………………….. (1)………………………………..

(2)………………….. (2)………………………………..

(3)………………….. (3)………………………………..

(4)……………,…… (4)……………………………….

(A) Details of property where Development Rights Certificate /Transferrable Development Rights is originated :……………………………… (B) Details of property where D.R.C/Transferrable Development Rights is proposed to be used i.e., Receiving plot or building ………………………………………………………………………………………….

(C) Area to be utilized in sq.mts. (in fig.) …………………………………(with the plan sanction file number………………..)

(in words)……………………………………………….

(D) Balance Notional land (Development Rights )/Transferrable Development Rights as per D.R.C. in sq.mts. (in fig.) ……………….

(in words)……………………… (E) Balance area in the D.R.C./Transferrable Development Rights after utilisation (in fig.) ………………..

(in words)………………………………………………… (Applicant Signature) No:----------------------- Dated: --------------------- 17 FORM-VIII (See rule 10(c)) UTILIZATION CERTIFICATE This is to certify that the application made by Sri ………………… dt:……………for the purpose of utilization of Transferrable Development Rights has been examined as per the plan and the applicant is eligible for utilization of Development Rights or Transferrable Development Rights -------------- Sq.mtrs at receiving plot at building Address:………………………………………………Further it is certified that necessary entries have been incorporated in the Development Rights Certificate Register and the balance of Development Rights /Transferrable Development Rights with the applicant as on date is ------Sq.mtrs.

Signature Commissioner Urban Development Authority/ Planning Authority Copy to:

The Commissioner, Local Authority.

FORM-IX (see sub-rule (22) of rule 4) REQUEST FOR TRANSFER OF DEVELOPMENT RIGHTS Date:

From …………………… (Name of Development Rights Certificate holder) Address …………………… …………………… To The Commissioner …………………….

Urban Development Authority.

Sir, Sub:- Request for Transfer of Development Rights in the name of ………………….to be utilized at……… …… Ref :- Registered transfer document no…………. signed by…………..(transferor) and ……….(Transferee) 18 I, the undersigned and holder of Development Rights Certificate issued vide folio no………. and having title for Development Rights of …… m² originated at …………………(address) having present market value of …………..Rs/m² have entered into an agreement to transfer ……m² of Development Rights in the name of …………..

Residing at…………. (address) to utilize the Development Rights Certificate at ………………..(address) the present value of land at the receiving plot being …………Rs/m². A registered Transfer deed is executed in the ………. Sub-Registrars office vide Registration no …… Dated …………. Kindly transfer ……. m² of Development Rights in the name of ………. as per the registered Transfer document. The Development Rights remaining after transfer is ……….m². Kindly endorse in the Development Rights Certificate and return the original Development Rights Certificate to me after necessary entries in your registers and issue Transferrable Development Rights certificate to the transferee.

Signature of the Transferee Signature of the Development Rights C holder (Transferor) FORM-X (see sub-rule(2) of rule 4 and rule 5) Development Rights Certificate REGISTER Sl.no Folio no.

Develop ment Rights C no.

Date and sanction no.

Name and address of the land owner of land surrendered Address of the plot /land / building area surrendered Extent of land surrendered in sq. m Extent of building area surrendered Value of the building area surrendered Extent of Notional land granted as Development Rights for land surrendered in square meters 1 2 3 4 5 6 7 8 9 10 Extent of Notional land granted for building area surrendered in square meter Total extent of Notional land granted as Development Rights Guidance value of the land on the date of sanction of Development Rights address where Development Rights is utilized : originating plot or receiving plot Guidance value of the receiving plot Transfer / utilization of Development Rights in square meters Balance area of Development Rights registration fee paid details Signature of the Sanctioning authority 11 12 13 14 15 16 17 18 19 19 FORM-XI (see rule 9(a)) Register for utilization of Development Rights Certificate /Transferrable Development Rights issued prior to the commencement of the Karnataka Town and Country Planning (Amendment) Act 2015.

Sl.no Folio no.

Develop ment Rights Certificate no.

Date and sanction no.

Name and address of the land owner of land surrendered Address of the plot /land / building area surrendered Extent of land surrendered in sqm Extent of building area surrendered Development Rights issued for land/ building area surrendered in square meters 1 2 3 4 5 6 7 8 9 Guidance value of the land on the date of utilization of Development Rights address where Development Rights is utilized :

originating plot or receiving plot Guidance value of the receiving plot on the date of utilization of Development Rights Transfer / utilization of Development Rights in square meters Balance area of Development Rights registration fee paid details Signature of the Sanctioning authority 10 11 12 13 14 15 16 20 FORM-XII Registered Relinquishment Deed (see sub-rule (4) of rule 3) This Agreement dated…………….. is made by the first party Mr/Mrs/Ms ………………..S/O;D/O …………………. Residing at …………………………. and the representative of the Honourable Governor of Karnataka , ………………..Public Authority , the second party through this Relinquishment Deed .

The land bearing sy.no/ khatha no…… of ……village……… taluk…….district under the schedule is surrendered free from all encumbrances by the first party to the second party in lieu of Development Rights …………. Notional land (in sqm) to be issued under Section 14B of the Karnataka Town and Country Planning Act, 1961.

Schedule Sl.no Adress of the plot /land / building area surrendered Public purpose the land is required for Dimensions of the surrendered land Extent in sqm of the surrendered land Boundaries of the land surrendered This Relinquishment Deed is executed under the undersigned witnesses.

Witnesses: First party

1.

Second party By Order and in the name of the Governor of Karnataka NAGARAJ Under Secretary to Government Urban Development Department ¸ÀPÁðj ªÀÄÄzÀæuÁ®AiÀÄ, «PÁ¸À ¸ËzsÀ WÀlPÀ, ¨ÉAUÀ¼ÀÆgÀÄ. (¦7) ¥ÀæwUÀ¼ÀÄ: 500

Where this provision sits

ActThe Karnataka Town and Country Planning (Benefit of Development Rights) Rules, 2016.
Section12
Marginal noteValuation of Building
JurisdictionState of Karnataka
StatusIn force as published by the source

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