Session II: Cost Sheet Study
Objective of this chapter
• The objective of this chapter is to make you understand about
cost sheet, the basic terms and ...
Sample Cost Sheet for Flat

Trainings by Vidya Bhagwat
Cost sheet Terminologies
1.
2.
3.
4.

Registration
Stamp Duty
Valuation
Fungible FSI
• Free of FSI
• Carpet Area
• Saleabl...
Registration
Registration means recording of the contents of a document
with a Registering Officer and preservation of cop...
Stamp Duty
• It is a type of tax which is paid for the transaction performed by way
of document or instrument under the pr...
Valuation
Valuation can be defined as the process of ascertaining the
market values of the immovable properties so that th...
Fungible FSI
As per new DC Regulation, any area near/inside an
apartment, not included in the carpet & which can be
enclos...
Fungible FSI
1. Free of FSI:
As per the new DC rules, the only areas that will not be
considered inside FSI are Car Parkin...
Fungible FSI
2. Carpet Area:
As per new DC rules, any area inside the apartment, and
adjoining it can be considered to be ...
Fungible FSI
3. Saleable Area Concept:
In conventional terms saleable area of an apartment includes
the built up area (wal...
Fungible FSI
4. FSI Efficiency:
The FSI Efficiency is the index used by the builder so as to
calculate efficient use of FS...
New Development Control Rules
Downward Loading
• D.L (Downward Loading) = ((S.A (Saleable Area) – Carpet Area)
/ Saleable ...
Saleable Area Definition
• How does a developer arrive at the saleable area for their
apartments?
• It’s truly a magical f...
Summary
• Cost sheet informs us about the total amount that is to be
paid to the builder and also to the government.
• Gov...
Assignments
1. Create a cost sheet.
2. Write a report on
• Stamp duty
• Registration
3. Collect cost sheet and brochure of...
Upcoming SlideShare
Loading in …5
×

F-RE-02B

1,841 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,841
On SlideShare
0
From Embeds
0
Number of Embeds
516
Actions
Shares
0
Downloads
32
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

F-RE-02B

  1. 1. Session II: Cost Sheet Study
  2. 2. Objective of this chapter • The objective of this chapter is to make you understand about cost sheet, the basic terms and calculations in real estate. Trainings by Vidya Bhagwat
  3. 3. Sample Cost Sheet for Flat Trainings by Vidya Bhagwat
  4. 4. Cost sheet Terminologies 1. 2. 3. 4. Registration Stamp Duty Valuation Fungible FSI • Free of FSI • Carpet Area • Saleable Area Concept • S.A (Saleable Area) = B.A (Built-up Area) + C.A (Common Area) • FSI Efficiency 5. New Development Control Rules Trainings by Vidya Bhagwat • Downward Loading • Upward Loading 6. Saleable Area Definition
  5. 5. Registration Registration means recording of the contents of a document with a Registering Officer and preservation of copies of the original document. The documents are registered for the purpose of conservation of evidence, assurance of title, publicity of documents and prevention of fraud. Also, registration helps an intending purchaser to know if the title deeds of a particular property have been deposited with any person or a financial institution for the purpose of obtaining an advance against the security of that property. Trainings by Vidya Bhagwat
  6. 6. Stamp Duty • It is a type of tax which is paid for the transaction performed by way of document or instrument under the provisions of Bombay Stamp Act, 1958 and Indian Stamp Act, 1899. It is payable on instruments and not on transactions. The payment of proper Stamp duty on instruments bestows legality on them. Such instruments get evidentiary value and are admitted in evidence in Court of law. The stamps are required to be purchased in the name of one of executors to the instrument. • Certain kinds of documents viz. Mortgage deed, release, security bond, settlement, bond etc. in the case of conveyance, the grantee and in the case of lease the lessee shall pay the stamp duty, in the case of exchange of property, both the parties in equal share shall Trainings by Vidya Bhagwat pay stamp duty. In case of partition, the parties thereto in proportion to their respective shares should pay stamp duty.
  7. 7. Valuation Valuation can be defined as the process of ascertaining the market values of the immovable properties so that the executants of the document can be correctly guided on the amount of stamp duty required to be paid. In short valuation is a supplementary function of registration aimed at assisting the officers for deciding upon the value of the property. Trainings by Vidya Bhagwat
  8. 8. Fungible FSI As per new DC Regulation, any area near/inside an apartment, not included in the carpet & which can be enclosed inside, for eg: flower bed area, dry area, passage etc has to be taken into consideration while submitting approval plans, and these areas would be included in FSI. A builder can buy maximum of 35% area(in case of residential development) as fungible FSI by paying the ready reckoner rate of the region. Do note that this is over and above the total FSI consideration. Thus here the equation for the constructible area becomesby Vidya Bhagwat Trainings as below: C= L * (F+35%F)
  9. 9. Fungible FSI 1. Free of FSI: As per the new DC rules, the only areas that will not be considered inside FSI are Car Parking, Meter rooms, DG rooms, thus being free of FSI. Trainings by Vidya Bhagwat
  10. 10. Fungible FSI 2. Carpet Area: As per new DC rules, any area inside the apartment, and adjoining it can be considered to be the carpet area of the apartment, this would not include the common area, but will include internal areas such balconies, dry area, etc & passage area to the apartment. Trainings by Vidya Bhagwat
  11. 11. Fungible FSI 3. Saleable Area Concept: In conventional terms saleable area of an apartment includes the built up area (wall thickness + carpet area) & the common area of the floor in which the apartment is located, the common area can also include the common lobby & lift area as per the developer’s discretion .Thus giving rise to the equation: S.A (Saleable Area) = B.A (Built-up Area) + C.A (Common Area) The thumb rule usedTrainings bydevelopers to obtain saleable by most Vidya Bhagwat area is Carpet Area + 40 % (Carpet Area), This 40% is called the upward loading on Carpet Area.
  12. 12. Fungible FSI 4. FSI Efficiency: The FSI Efficiency is the index used by the builder so as to calculate efficient use of FSI in the plan. The more the FSI Efficiency, the more the returns from the project. FSI Efficiency can be equated as below: FSI Efficiency = S.A (Saleable Area)/Carpet Area Trainings by Vidya Bhagwat
  13. 13. New Development Control Rules Downward Loading • D.L (Downward Loading) = ((S.A (Saleable Area) – Carpet Area) / Saleable Area) * 100 Upward Loading • U.L (Upward Loading) = ((S.A (Saleable Area) – Carpet Area) / Carpet Area) * 100 Trainings by Vidya Bhagwat
  14. 14. Saleable Area Definition • How does a developer arrive at the saleable area for their apartments? • It’s truly a magical figure for customers, since they are charged on the basis of the saleable figure. Most people think that the architects decide upon on the saleable area, and there are also those who think that the builder just makes up the saleable area without any consideration. Both the assumptions are not true. There is a definite scientific approach in arriving at the saleable number. Since this post would involve certain technicalities associated with the real Trainings by Vidya Bhagwat estate industry, I will request the novice to read my earlier posts before reading this one.
  15. 15. Summary • Cost sheet informs us about the total amount that is to be paid to the builder and also to the government. • Government Charges are always fixed and compulsory to be paid. Trainings by Vidya Bhagwat
  16. 16. Assignments 1. Create a cost sheet. 2. Write a report on • Stamp duty • Registration 3. Collect cost sheet and brochure of any 4 apartments and make a study on it. Trainings by Vidya Bhagwat

×