Noida Authority & Corridor Terms
Premium
The principal amount payable for a property or plot under an authority allotment or scheme.
Applies in:Noida, Greater Noida, YEIDA
Detailed Explanation
In authority property transactions, premium generally refers to the principal amount payable for the allotment or grant of rights in a plot or property. The exact meaning and calculation depend on the applicable scheme or allotment terms.
Related Terms
This definition is provided for general informational purposes only and is not legal, financial or tax advice. Property rules and authority policies can change — verify current requirements with the relevant authority or a qualified professional.