Lot Subdivision: Three Considerations for Land Reconfiguration
Posted on: 9 March 2017
Land subdivision is an important process which allows the creation of new allotments from one block of land. If you subdivide your property, the new pieces of land will typically be registered under separate titles. Consequently, you can make more profit by selling each piece of land separately to buyers. Alternatively, you can maximise the potential of your land and increase the total value by developing each allotment separately. Unfortunately, the process of subdivision is not as straightforward as it is portrayed in theory. Here is a brief description of the factors which will affect your land reconfiguration plans.
Zone Requirements
If you are planning on subdividing your land, you must consider the zone in which it is located. In simple terms, there are different regulations imposed on reconfiguring lots within a specific zone created by the city or local planning department. The most critical factor with regard to the zone is the size of the potential or new allotments. Basically, there are minimum lot sizes required for different zones, and you cannot violate the limitations.
For example, the subdivision requirements for high density residential zones are different from the low density alternatives. Therefore, check the rules that apply to your plot. You should also note that there are other codes which might be used to assess the land. These include neighbourhood plan codes, development codes, and overlay codes.
Planning Approval
You will need to lodge an official application for land subdivision with the Development Assessment Commission or its equivalent, depending on your region of residence. In ideal circumstances, you can choose to present the application without professional assistance. However, the planning approval procedure is complex and can cause you financial losses and extend your projected subdivision timeline. Therefore, you should consider engaging the services of a licensed land surveyor.
This expert will help you understand the development and general planning requirements. They will also draft an official plan for your subdivision and lodge all relevant applications on your behalf. Once the plans are approved by the relevant authority, you can undertake the actual subdivision and other related works, according to the conditions of planning approval. After completion, the plan of survey can be submitted to the government for sealing and title registration.
Financial Implications
There are some financial requirements attached to land subdivisions. You should inquire about the lodgement fees required during planning applications as well as the charges for the services provided by your surveyor. In addition, there will be charges for connecting the new lots to essential utilities.
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