CHAIRMAN & M.D.,T. NADU HOUSING BRD.&ANR vs S. RAGHAVAN .

The Supreme Court upheld the High Court's decision regarding the payment of final land cost at Rs.349100/- per ground, with interest commencing from 21.5.2004. The Court clarified that capitalization charges should be determined from the date the flat or house was ready for occupation until the date of allotment. The Board's contention for interest from the date of allotment was rejected, affirming the High Court's direction that interest liability arises only from the date of final cost determination.