THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
Facts on the proposed project of Centre of Excellence at Nagpur
This Statement of Facts as regards Centre of Excellence (COE) project at Nagpur is being issued for the general information of members in view of the ongoing discussion in public domain.
Basic details of the COE project at Nagpur are as under:
i. It is composite contract for property comprising of Land & Buildings with fully developed infrastructure with support facilities in the State Government approved Township Project.
Total value of COE Project of Nagpur
Particulars
Amount
Value assigned to Land measuring 9.1 acre @ 1.57 crore per acre or @ Rs.360 per.sq.ft.
14.28 crores
The value assigned to cost of building with fully developed infrastructure and various rights and facilities broadly mentioned below is (2,50,000 sq.ft. @ Rs.3328 per sq.ft.)
83.22 crores
Stamp duty and registration charges
2.44 crores
Total
99.94 crores
Or say around
100 crores
ii. The land admeasures 9.1 Acre. The Value assigned to land is Rs. 14.28 crores which works out to be Rs. 360 per sq.ft.
The value assigned to cost of building with fully developed infrastructure and various rights and facilities broadly mentioned below is Rs.83.22 Crores (2,50,000 sq.ft. @ Rs.3328 per sq.ft.)
Stamp duty and registration charges is Rs.2.44 crores
iii. The Built Up area is 2.5 Lacs Sq.Ft. including:
Facts on the proposed project of Centre of Excellence at Nagpur
This Statement of Facts as regards Centre of Excellence (COE) project at Nagpur is being issued for the general information of members in view of the ongoing discussion in public domain.
Basic details of the COE project at Nagpur are as under:
i. It is composite contract for property comprising of Land & Buildings with fully developed infrastructure with support facilities in the State Government approved Township Project.
Total value of COE Project of Nagpur
Particulars
Amount
Value assigned to Land measuring 9.1 acre @ 1.57 crore per acre or @ Rs.360 per.sq.ft.
14.28 crores
The value assigned to cost of building with fully developed infrastructure and various rights and facilities broadly mentioned below is (2,50,000 sq.ft. @ Rs.3328 per sq.ft.)
83.22 crores
Stamp duty and registration charges
2.44 crores
Total
99.94 crores
Or say around
100 crores
ii. The land admeasures 9.1 Acre. The Value assigned to land is Rs. 14.28 crores which works out to be Rs. 360 per sq.ft.
The value assigned to cost of building with fully developed infrastructure and various rights and facilities broadly mentioned below is Rs.83.22 Crores (2,50,000 sq.ft. @ Rs.3328 per sq.ft.)
Stamp duty and registration charges is Rs.2.44 crores
iii. The Built Up area is 2.5 Lacs Sq.Ft. including:
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