HI All,
We have one plot in an UnApproved layout in AndhraPradesh, when i am planning to take building plan approval to build a home there, i came to know like betterment charges will be collected in an unapproved layouts. But i am not sure what is the percentage of betterment charges collected.
From one of my friend i came to know like 14% of the registered value will be colleted as betterment tax. i.e if land registered cost is 4 lacks the tax is around 64,000 Rs. Additonally we have remaining taxes as per building area.
Whether 14% betterment charges is correct information? Please help us if any one know the information.
Thanks in advance.