The Borough's CIL Charging Schedule proposed a levy of £250 per square metre for residential development across most of the borough, with rates that are more than double that for residential development within the Nine Elms opportunity area.
In the Roehampton regeneration area the Council plans to impose a zero rate levy across all types of development to ensure the viability of the regeneration of the area.
The Council has split the Nine Elms opportunity area into two zones, which each attract different rates. Within 'Area A' of the Nine Elms opportunity area there will be a charge of £575 per sq m on residential development and throughout the rest of opportunity area, and in 'Area B' a levy of £265 per sq m will be applied to new residential development.
The Council does not propose to charge for any other type of development in the borough, such as new retail or office space, apart from in zones A and B in the opportunity area, where there would be a charge of £100 per sq m for office and retail space and a zero rate for all other types of development.
The higher charges in Nine Elms reflect the high and increasing property values in the opportunity area and the need for "major transport upgrades" including the planned Northern Line Extension, the Council said.
"The London Borough of Wandsworth Council's CIL Charging Schedule provides an appropriate basis for the collection of the levy in the area," the examiner's report said. "The Council has sufficient evidence to support the schedule and can show that the levy is set at a level that will not put the overall development of the area at risk."
"This is a real step forward for the planning system. A set tariff gives the industry greater cost certainty and residents will be able to see up front how much a development project will pay towards improving the local area," said Russell King, Wandsworth Council's cabinet member for strategic planning and transportation. "It means an end to long and complex negotiations behind close doors which are a needless drain on councils and developers alike."
"The examiner has confirmed that our charging schedule strikes the correct balance between what developers can afford to pay and securing the funding we need to build a stronger Wandsworth and to support growth," said King.
The Council's CIL charges will be in addition to the Mayor of London's CIL which was introduced on April 1, this year.
A final decision on adopting the levy will be made by the Council on July 11 and the Charging Schedule could come into effect by the end of the year, the Council said.
