Table of Contents
What is BSP in property?
Basic Selling Price in real estate is the base rate per sq ft at which a property is listed by the owner/developer. It is usually exclusive of all additional charges such as taxes, preferential location charges, and other maintenance dues.
How do you calculate BSP in real estate?
While the BSP of the property is Rs 30 lakhs, you would need to pay Rs 36.86 lakhs for the property, depending upon the amenities and other charges levied by the developer….Example of BSP.
| Type of cost | Calculation | Cost |
|---|---|---|
| BSP | Rs 3,000 x 1,000 sq ft | Rs 30 lakhs |
| PLC | 4% of BSP | Rs 1.2 lakhs |
What is BSP price?
The basic sale price of a housing property is the base cost per sq. ft of the property. It is also called as Basic Selling Price. The seller sets BSP accordingly and it does not include any additional charges for amenities, floor rise, preferential location, parking and other maintenance dues.
How is cost of flat calculated?
Per Square Foot Rate is the rate (per square foot) quoted to you by your builder or Real Estate developer. It is typically applied to the super built-up area to determine the price of your flat….Summary:
| Flat A (Super Built-Up Area) | Flat B (Super Built-Up Area) |
|---|---|
| 2000 sq ft | 2000 sq ft |
| Rs. 3500 per sq ft | Rs. 3200 per sq ft |
What is BSP and PLC?
Preferential location charges (PLC) have become a standard component of the total cost of a housing unit. These are additional charges that are levied over and above the basic sale price (BSP) of a housing unit and thus put extra burden on a homebuyer’s pocket.
What is Fullform of BSP?
The Bahujan Samaj Party (BSP) is a national level political party in India that was formed to represent Bahujans (literally means “people in majority”), referring to Scheduled Castes, Scheduled Tribes, and Other Backward Classes (OBC), along with religious minorities.
What is EDC and IDC charges?
These include external development charges (EDC) and infrastructure development charges (IDC). All those buying houses in any housing project have to bear these charges, usually based on the size of their apartment.
What BSP means?
The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines.
What are the extra charges when buying a flat?
Six hidden costs in buying a property
- Advance maintenance deposit. When signing on the dotted line, the builder may ask you to pay a maintenance deposit for a specific period of time, in advance.
- Location matters.
- Parking space.
- Registration costs.
- Interior design.
- Miscellaneous charges.
How do you find the common area of a flat?
Ideally, the area of the common spaces should be calculated and added proportionately to each flat. However, this practice is rarely followed. As a thumb rule, most builders take 1.25 as the multiplying factor to calculate super built up area, multiplying the carpet area by 1.25.
What is PLC amount?
A PLC or preferential location charges is an additional cost that a home buyer has to pay for booking a unit which has an advantage over others in terms of location. A preferred location within an apartment complex may mean an apartment that faces a park or is a corner plot near the main road.
What does BSP stand for in plumbing category?
British Standard Pipe. British Standard Pipe ( BSP) is a family of technical standards for screw threads that has been adopted internationally for interconnecting and sealing pipes and fittings by mating an external ( male) thread with an internal (female) thread. It has been adopted as standard in plumbing and pipe fitting,…
Which is British Standard Pipe Thread ( BSP )?
BSP is BRITISH STANDARD PIPE THREAD– Also known as Whitworth 55° Thread Form. BSPT is BRITISH STANDARD PIPE TAPER THREAD – Thread form per AS 1722.1, BS 21, ISO 7. BSPP is BRITISH STANDARD PIPE PARALLEL THREAD – Thread form per AS 1722.2, ISO 228. British Standard Pipe Parallel Thread (BSPP)
How do you measure the size of a BSP thread?
To determine the thread size: Measure the thread’s outer diameter (OD) in inches. Subtract 1/4 inch (0.25″) from the OD measurement. So if the OD of a BSPP male thread measures one inch (1″), the thread size will be 3/4.
Where can I find the BSP fitting size?
In this instance, a calliper reading can be obtained from inside the fitting bore. The bore size can then be cross-referenced on the chart with the threads per inch and the thread pitch, to determine the standard BSP size and its associated specifications. NPT fittings are most commonly found in the United States and Canada.