(1) (1) Subject to the provisions of the Act and these rules, the applicant shall pay the full amount of Purchasable and Premium Purchasable F.A.R. fee as levied by the Authority prior to grant of permission under section 15 of the Act:
Provided that in case the floor area of Purchasable and Premium Purchasable F.A.R. is more than 1000 square meters, 25 percent of the fee shall be paid upfront and the balance amount may be deposited in quarterly instalments along with simple interest at the rate of 12% per annum subject to the condition that the applicant shall have to deposit the entire sum within a period of two years:
Provided further that the applicant shall furnish a bank guarantee against the total amount due or alternatively mortgage the land equivalent to the amount due as security in favour of the Authority through a registered deed. The bank guarantee or the mortgaged land shall be released after the payment of full amount of Purchasable and Premium Purchasable F.A.R. fee.]
(2) In case of default in the timely payment of installments, the applicant shall be liable to pay a penal interest at the rate of 3 percent per annum.
(3) 90 percent of the money received by the Authority on account of purchasable FAR fee, shall be credited to the infrastructure development fund of the Authority whereas, remaining 10 percent shall be Authority's share.
1. Substituted by The Uttar Pradesh Urban Planning and Development (Assessment, Levy and Collection of Purchasable FAR Fee) Rules, 2025 dated 06-11-2025
2. Substituted by The Uttar Pradesh Urban Planning and Development (Assessment, Levy and Collection of Purchasable FAR Fee) Rules, 2025 dated 06-11-2025 ] 6 (P. Guruprasad) Principal Secretary
1. Substituted by The Uttar Pradesh Urban Planning and Development (Assessment, Levy and Collection of Purchasable FAR Fee) Rules, 2025 dated 06-11-2025
2. Substituted by The Uttar Pradesh Urban Planning and Development (Assessment, Levy and Collection of Purchasable FAR Fee) Rules, 2025 dated 06-11-2025 Recovery of arrears 6. ¹[Any amount due to the Authority on account of Purchasable and Premium Purchasable F.A.R. fee under these rules shall be recovered in accordance with the provisions of section 40 of the Act.]
Annual statement of purchasable FAR fee
7. ²[The Vice-Chairman shall furnish to the Board of the Authority, a written statement in respect of Purchasable and Premium Purchasable F.A.R. fee for the preceding year which shall contain information regarding the total amount collected by the Authority.
Such statement shall be furnished as F.A.R. as possible in the first meeting of the Board of the Authority to be held every financial year and its copy shall also be sent to the Government.]