Improvement cost on open plot sale


This query is : Resolved 

Quick Summary
This discussion addresses the acceptable improvement cost percentage for an open plot valued at Rs. 33,00,000/- on a 15-year lease. General expenditures are typically capped at 2-3% per annum, provided there's justification. Additional structures can be accommodated up to their actual cost.

18 July 2024 sir, for 15 years term how much improvement cost percentage may acceptable ?

18 July 2024 Actual cost with sustainable proof, any amount is accepted. Percentages vary from area to area.

18 July 2024 open plot value rs.33,00,000/-

18 July 2024 Max. 2/3% P.A on general expenditures, with justification. Any additional structure etc. up to the cost.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details