Topic:

GROUND RENT
 Ground Rent
• As a legal term , ground rent specifically refers to regular
payments made by a holder of leasehold property to the state ,
as required under a lease . In this sense, a ground rent is
created when a freehold piece of land is sold on a long lease.
• State lease the property generally for 99 years, the state is
owner and property holder is tenant and tenant needs to pay
ground rent.
• Annual ground rent charged by “ the state “ as tenant from
date of possession order before year 2004.
• Ground rent was Rs.0.25per 4 SQ. yard Per annum .
• Rs.1/-per 16 sq. yard per annum for residential, commercial,
industrial and amenities in all schemes.
• Surcharge on ground rent is 13% (from2001 to till date )
Calculation of Ground Rent
formula

• GROUND RENT =AREA SIZE x RATE x NO. Of years

OR
• GROUND RENT = (AREA SIZE x RATE )/365 x NO. OF
DATES

AREA SIZE = Total land area in square yards.

RATE = Applicable rate of ground rate.
 GROUND RENT
Effective from Year 2004
 GROUND RENT
Effective from Year 2004
 GROUND RENT
Effective from Year 2004
 GROUND RENT
Effective from Year 2004
 GROUND RENT
Effective from Year 2004
 GROUND RENT
Effective from Year 2004
 Note:
1. Ground Rent of Industrial plots is same as Commercial Plots.
2. Ground Rent of Amenity plots of all KDA schemes Rs.1/- per
sq. yard.
3. Before above Tariff up-to year 2004, Ground Rent rate was
Rs.0.25 per 4 Sq. yards = Rs.0.0625 per Sq. yard per annum (up-
to 2004)