Before any lot is formed from part of a lot, the owner thereof shall submit the proposed separation or subdivision plan to the Planning Board for its approval. Such proposed plan shall show the location of property lines, buildings and other existing features, location of the lot with reference to existing streets, easements or rights-of-way, the location, area and dimensions of each of the proposed new lots and shall comply with the provisions of the Subdivision Regulations of the Village of Quogue.