How to Calculator New LRS Fees Telangana 2020
After people’s requests, complaints, and agitations, the Government of Telangana State took a step down and issued a latest GO on LRS 2020 scheme with new amendments in order to regularize the unapproved plots and layouts across the Telangana State. As most of the requests are to consider the rates which were issued by the Government earlier in the LRS 2015 scheme, the Government took into consideration and made changes accordingly. Through this article, we are providing the complete information on how to calculate the LRS fees for an individual plot or for an unapproved layout according to the new rules, everything is changed according to the new amendments issued by the Government of Telangana State so, this article will help and guide you in determining the exact LRS fees according to the new guidelines.
For calculating the TS LRS 2020 fees of a plot or a layout according to the new guidelines:
To calculate the LRS fees according to the new amendments, first we have to calculate the following charges and sum them to get the total LRS fees to be paid.
Calculation of the basic regularisation charges.
Calculation of Percentage of basic regularisation charges
Calculation of Pro-rata open space charges
Plot/Layout Basic Regularisation Charges Calculation According to New Rules:
Coming to the basic regularisation calculation of a plot or a layout, the Government of Telangana decided a fees structure i.e. less than 100 Square Meters plot the fees per square meter is Rs 200/- per Square Meter whereas from 101 Square Meters to 300 Square Meters, it is Rs 400/- per Square Meter from 301 to 500 Square Meters it is Rs 600/- per Square Meter and for above 500 Square Meters the fees is Rs 750/- per Square Meter.
2020 LRS Basic Regularization Charges Calculation Process:
Step1: First convert the plot area into square meters.
Step2: Take the sub-registrar market value per square yard, here I am considering a plot whose market value per square yard is Rs 1000/-.
Step3: Now let us consider the size of the plot is 200 square yards.
Step4: If we convert the 200 square yards plot in to square meters, it becomes 167.23 square meters.
Step5: Now multiply the price Rs 400/- with the plot size in square meters. ( here we are multiplying with Rs 400/- because for up to 300 square metres the price decided is Rs 400/-)
Step6: if we multiply Rs 400/- with 167.2254 square metres then we will get RS 66,890/-
The basic regularisation charges for 167.2254 square meter ( 200 Sq. Yards) plot is Rs 66,890/-.
New Basic Regularization Payment Charges LRS 2020:
Plot Area in Square Meters Plot Area in Square Meters Fees for per Square Meter Less than 100 Square Meters Rs 200/- per square meter From 101 Sq.mt to 300 Sq.mt Rs 400/- per square meter From 301 Sq.mt to 500 Sq.mt Rs 600/- per square meter Above 500 Sq.mt Rs 750/- per square meter
2020 LRS Percentage of Basic Regularization Charges Calculation Process:
Step1: Since our example plot market value per Square Yard is Rs 1000/-, therefore, our example plot comes under up to Rs 3000/- per quare Yards column, so, for any plot or a layout whose land area per square yard market value is Rs 3000/- or below Rs 3000/- they have to pay 20% of the land market value.
Step2: To get 20% of the land market value, now take the basic regularisation charges amount i.e. Rs 66,890/-.
Step3: So, 20% of Rs 66,890/- is Rs 13,378/-.
Step4: The percentage of basic regularisation charges we need to pay to the Government of Telangana for a 200 square yard or 167.2254 square metres is Rs 13,378/-.
New Regularization Charges LRS 2020:
|Market Value of the Land in (Square Yards) as on 26/08/2020||Regularization Fees in Percentage|
|Up to 3000 Square Yards||20% of the Land Market Value|
|From 3001 to 5000 Square Yards||30% of the Land Market Value|
|From 5001 to 10000 Square Yards||40% of the Land Market Value|
|From Rs 10,001/- to Rs 20,000/- Square Yards||50% of the Land Market Value|
|From 20001 to 3000 Square Yards||60% of the Land Market Value|
|From 30001 to 50000 Square Yards||80% of the Land Market Value|
|Above Rs 50,001/- Square Yards||100% of the Land Market Value|
2020 LRS Pro-rata Open Space Charges Calculation Process:
Pro-rata Open Space Charges LRS 2020:
The pro-rata open space charges will be collected from those plot owners, if 10% of open space is not available in the unapproved layout.
The Pro-rata open space charges for such plots is 14% of the plot value.
The plot value according to the SRO at time of registration of the plot will be considered. i.e. for example if you have purchased a plot in the year 2014, then the pro-rata open space charges will be charged at 14% of the total plot value at the time of registration.
The pro-rata open space charges will be collected from those layout owners, if 10% of open space is not available in the unapproved layout.
The Pro-rata open space charges for layouts is 14% of the plot value.
The layout value according to the SRO at time of registration of the plot will be considered. i.e. for example if you have purchased a site in the year 2015, and sold the plots as unapproved layout, then the pro-rata open space charges will be charged at 14% of the total plot value at the time of registration.
Step1: First, identify whether your plot or your layout has 10% open space in the layout, for example if 10% open space is present in the layout then there is no need to pay the Pro-rata open space charges. But here in our example, let us consider that our plot and our layout has no 10% open space in the layout.
Step2: According to the new guidelines if there is no 10% open space in the layout then 14% of the total market value of the plot will be collected as pro-rata open charges, and the market value of the plot at the time of registration will be considered.
Step3: To calculate the open space charges, we can get open space charges by taking 14% of the total market value of the plot.
Step4: Here, our plot size is 200 Square Yards, the SRO market value is Rs 1000/- per Square Yard and the total market value of our plot according to SRO is Rs 2,00,000/-. ( market value will be in the sale deed)
Step5: Now, 14% of Rs 2,00,00/- is Rs 28,000/-. This is the open space charges of a plot we need to pay to the Government of Telangana for a 200 square yard or 167.2254 Square meters plot whose total market value according to SRO is Rs 2,00,000/-.
Calculation of LRS Grand Total:
Step1: Our example plot whose size is 200 square yards, the percentage of basic regularization charges is Rs 13,378/- and the open space charges are Rs 28,000/-.
Step2: By adding both percentages of basic regularisation charges and the open space charges we will get the LRS 2020 total amount to be paid to the Government of Telangana State.
Step3: So, Rs 13,378/- + Rs 28,000/- = Rs 41,378/- Total LRS amount.
LRS Fees for Plots in Slum Areas:
The regularisation payment charges for the plots that are located in slum areas, irrespective of the areas of the plot the fees to be paid towards the regularisation of the land is Rs 5/- per Square Meter.
According to the new amendments, the LRS 2020 fees includes NALA charges also so, the unapproved plot owners as well as unapproved layout owners who are applying for LRS 2020, they should not pay the NALA charges because, the LRS 2020 fees includes NALA charges also.