Vellakovil City Development Plan - Municipal

City Development Plan for Vellakoil Municipality SMEC India Pvt Ltd
Final Report TNUDP III
The cost of the scheme is Rs. 800 lakhs and the O&M cost shall be equal to around Rs. 12.50 lacs
per annum. The same shall increase @ 5% per annum.
l) Commercial Buildings
Commercial Buildings shall be constructed at 1 place and the rent collection and deposit
mobilization from the same shall be as below :
Rent Deposit
Erode Road Rs. 100000 p.m. Rs. 2500000
The rent shall increase @ of 15% every 3 years.
Rental holiday of 2 years shall be provided against rental deposit collected.
The operation & maintenance of the commercial building is estimated at Rs. 3 lacs per annum and
the same shall increase @ 5% per annum.
m) Bus Stand
The income from Bus Stand shall increase by 15% on completion of ongoing improvements.
n) Markets
It is estimated that Daily Market shall fetch rental income of Rs. 15 lacs per annum. The Weekly
Market / shandy shall fetch rental income of Rs. 10 lacs per annum. The rental income shall
increase @ 15% every 3 years.
The additional operation & maintenance of markets is estimated at Rs. 3 lacs per annum and the
same shall increase @ 5% per annum.
o) Slaughter House & Gasifier Crematorium
The Slaughter House shall be let out on lease @ Rs. 1.5 lacs per annum.
The Gasifier Crematorium shall result in income of Rs. 1.5 lacs per annum.
The O&M charges of Slaughter House shall be Rs. 0.75 lacs per annum.
The O&M charges of Burial Ground shall be Rs. 1 lac per annum.
The income shall increase @ 15% every 3 years and the expenditure shall increase @ 5% per
annum.
p) Advertisements
Bill Boards would be put at 20 places through out the Municipality. Rent shall be earned @
Rs.500.00 per Bill board per month. The rent shall increase @ Rs. 100/- every 3 years.
q) Parking Rent
The income from parking shall be Rs. 1 lac per annum. The same shall increase @ 15% every 3
years.
70