What is transfer charges in YEIDA?

Transfer Charges in YEIDA

Transfer Charges in YEIDA The transfer charges for plots under the Yamuna Expressway Industrial Development Authority (YEIDA) are fees that must be paid when transferring ownership of a plot from one party to another. Yamuna Authority Plots These charges can vary based on the size of the plot and the current allotment rates.

Current Transfer Charges

As of March 2021, the transfer charges applicable for residential plots in Sector 18 & 20 under the YEIDA 2009 scheme are as follows:

• Transfer Charge Rate: The transfer charge is set at 5% of the current allotment rate.
• Current Allotment Rate: As per March 2021, this rate is Rs. 17,500 per square meter.

Calculation of Transfer Charges

To calculate the transfer charges for different plot sizes, you can use the following formula:

Transfer Charges=Plot Size (in sqm)×Current Allotment Rate×0.05

For example:

• For a 300 sqm plot:
  • Transfer Charges = 300×17,500×0.05=Rs.2,62,500
• For a 500 sqm plot:
  • Transfer Charges = 500×17,500×0.05=Rs.4,37,500

Additional Charges

Yamuna Expressway Plots In addition to the basic transfer charges, there may be other miscellaneous charges that apply during the transfer process. These could include processing fees or lawyer’s fees.

Summary of Transfer Charges

the transfer charges in YEIDA are calculated at a rate of 5% of the current allotment rate, which is Rs. 17,500 per square meter as of March 2021. This results in significant costs depending on the size of the plot being transferred.

Transfer Charges in YEIDA

The total transfer charge for a residential YEIDA plot is calculated based on its size and current allotment rate, leading to varying amounts depending on these factors.