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Floor space index rate changed for properties along metro

All properties located 500m from central line of the metro rail corridor that is proposed, under construction or completed and for which administrative sanction has been accorded, the premium FSI will be charged 50% of the applicable premium FSI.

The Housing and urban development department has made an amendment to the Tamil Nadu combined development and building rules, 2019.

In the rule 30, sub rule (5), clause (II) has been changed such that all properties located 500m from central line of the metro rail corridor that is proposed, under construction or completed and for which administrative sanction has been accorded, the premium FSI (Floor space index) will be charged 50% of the applicable premium FSI.

Earlier this was not allowed for those properties located where the corridors were proposed or were under construction.

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