8 Town Planning Scheme · 8.1 Town planning schemes

8.1.10 TPS numericals: original, semi-final and final plot values, increment, contribution and net demand

Every TPS sum uses three values of a plot at the date of declaration — original (OV), semi-final (SFV) and final (FV) — from which come the increment (FV − SFV), the contribution (at most half of it), the credit for land lost (OV − SFV) and the net demand.

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  • Standard level
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Key terms

  • original value
  • semi-final value
  • final value
  • increment
  • contribution
  • half the increment
  • compensation for loss of area
  • net demand
  • cost of scheme
  • proportion of increment
  • instalments
  • 6 per cent
  • 4 per cent interest
  • substantial variation
  • land deduction percentage

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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