000			04534nam a2200181Ia 4500
999			_c55168 _d55168
008			180920s9999||||xx |||||||||||||| ||und||
082			_aP TH-2233 _bDCR
100			_aDcruz, Chiara C.(PP0002416) _963573
245		0	_aExploring the possibility of land value capture in Greater Cochin (Also available on CD)
260			_c2018
300			_a95p.,CD-ROM
505			_aContents 1 Introduction 15 1.1 Background 15 1.2 Aim 18 1.3 Objectives 18 1.4 Methodology 18 1.5 Scope 20 2 Literature Review 21 2.1 Concept of Land Value Capture 21 2.2 Rationale for LVC 22 2.3 Land based Fiscal Tools 24 2.3.1 Property tax: 24 2.3.2 Land value Tax 24 2.3.3 Land value Increment Tax or Betterment levy 25 2.3.4 Impact fees or Development Charges 25 2.3.5 Tax increment financing (TIF) 26 2.3.6 Vacant land tax 26 2.3.7 Joint development mechanism 26 2.3.8 Air rights 26 2.3.9 Land readjustment 26 2.3.10 Sale of Development rights 27 2.3.11 Transfer of Development rights and FSI 27 2.4 Land Value Capture Tools 28 2.5 Land Value Capture around the world 29 2.5.1 Value capture framework by TFL 29 2.5.2 Financing the MRT in Hong Kong SAR 31 2.6 Land Value Capture in India 32 2.6.1 Development charges 32 3 City Profile 35 3.1 Location 35 3.2 Statutory boundaries and governance 35 3.3 Demographic profile 38 3.4 Urban form and Spatial growth trends 40 3.5 Institutions 41 3.6 Financing of Infrastructure and Major development 42 3.6.1 Kochi Metro 44 3.6.2 Kochi Water Metro 46 3.6.3 BusEx 46 3.6.4 Smart Cities 47 3.6.5 Global City-DP proposals 47 3.7 Capital Investment Plan 48 4 LBFT in Greater Cochin: Budgetary provisions and Planning legislations 51 4.1 Kochi Municipal Corporation(KMC) 51 4.2 Aluva Municipality 53 4.3 Thrikkakara Municipality 54 4.4 Thrippunithara munciality 55 4.5 Angamaly Municipality 56 4.6 Maradu Municipality 56 4.7 Aggregate Budget Analysis of 6 ULB's 56 4.8 Greater Cochin Development Authority Budget Analysis 57 4.9 City Level Tools collected by State 58 4.10 Kochi Metro Rail Limited Annual Report 59 4.11 Legislation 59 4.12 Land Based Fiscal Tools 61 4.12.1 Property tax 61 4.12.2 Land tax 63 4.12.3 Building tax and Luxury tax 64 4.12.4 Housing Cess 65 4.12.5 Registration fees and Stamp Duty on land registration(Duty on the transfer of property) 66 4.12.6 Fee for grant of permission(Development Permit) 67 4.12.7 Fee for construction of building 68 4.12.8 Regularisation fees 69 4.12.9 Sale of additional FSI 69 4.12.10 Development Charges 70 4.12.11 Agriculture land conversion charges 70 4.13 Attempts in LVC : Proposed LVC tool menu by Kochi Metro 70 4.13.1 Sale of additional FAR 70 4.13.2 Additional Property tax 71 4.13.3 Additional land tax 71 4.14 LVC in Theory versus LVC in Practise 71 5 Barriers to implement LVC tools 73 5.1.1 Failure to update the Fairvalue rates 73 5.1.2 Emphasis on FSI 74 5.1.3 Social-political factors 75 5.1.4 Institutional complexity 75 5.1.5 Legal barriers 75 5.1.6 Rural Urban Continuum 75 6 Proposed LVC tools and General Recommendations to implement LVC Tools 77 6.1 The possibility 77 6.2 Land Value Tax 80 6.2.1 Method of calculation 80 6.2.2 Assumptions for revenue estimation 81 6.2.3 Revenue potential estimation 81 6.3 Development Charge 83 6.3.1 Method of calculation 83 6.3.2 Assumptions 85 6.3.3 Revenue Estimation 85 6.4 Proposal 87 6.5 Land Value Tax 87 6.5.1 Legal Backing 88 6.5.2 Fair value 88 6.6 Development Charges 88 6.6.1 Features of the tool 89 6.6.1 Legislation 89 6.7 Capital Investment Plan 89 6.8 General Recommendations 91 6.8.1 Timely assessment of fair value rates 91 6.8.2 Amendment of Land tax Act to Land Value tax Act 91 6.8.3 Amend section 207 of Kerala Panchayat Raj Act 91 6.8.4 New chapter in KMBR and KPBR 91 6.8.5 Transit Development fund 91 6.8.6 Extension of municipal boundaries 91 6.8.7 Digitizing of entries in Taluka 91 6.8.8 Creation of an online portal for the proposed taxes 92 6.8.9 Preparation of Capital Investment Plans 92 7 Bibliography 93
700			_aPhatak, Vidyadhar (Guide) _963574
700			_aSharma, Rutool (Guide) _963575
890			_aIndia
891			_aFP-PG
891			_a2016 Batch