Common use of Plot No Clause in Contracts

Plot No. Rate per square meter Explanation: (i) The Sale Price above includes the booking amount paid by the Allottee/Transferee to the Promoter/Transferor towards the Plot; (ii) The Sale Price above excludes Taxes (consisting of tax paid or payable by the Promoter/Transferor by way of GST, and Cess or any other similar taxes which may be levied, in connection with the construction of the Project payable by the Promoter/Transferor) up to the date of handing over the possession of the Plot;. Provided that in case there is any change/modification in the taxes, the subsequent amount payable by the Allottee/Transferee to the Promoter/Transferor shall be increased/reduced based on such change/modification; (iii) The Promoter/Transferor shall periodically intimate to the Allottee/Transferee, the amount payable as stated in (i) above and the Allottee/Transferee shall make payment within 30 (thirty) days from the date of such written intimation. In addition, the Promoter/Transferor shall provide to the Allottee/Transferee the details of the taxes paid or demanded along with the acts/rules/notifications together with dates from which such taxes/levies etc. have been imposed or become effective; (iv) The Sale Price of the Plot includes pro rata share in the Common Areas as provided in this Agreement.