transfer of development rights

Rajakumaresan (Querist) 25 September 2013 This query is : Resolved
I have a certain amount of development rights in a particular area, can I transfer or sell the said right to a builder who is going to construct a building/flats in a different area, can he use the same for increasing his fsi for the construction of the said flat, further if I can sell/transfer is it mandatory to be registered before the sub registrar, if so wat percentage of registration fee should I pay how should I calculate

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Rajakumaresan (Querist) 25 September 2013
I have a certain amount of development rights in a particular area, can I transfer or sell the said right to a builder who is going to construct a building/flats in a different area, can he use the same for increasing his fsi for the construction of the said flat, further if I can sell/transfer is it mandatory to be registered before the sub registrar, if so wat percentage of registration fee should I pay how should I calculate. The property and the builders property are situated in Tamil Nadu but at different areas