Charge filling controlled mean field Metal-Insulator phase transition (MIT) is examined in the context of two dimensional Fermi Surface Nesting (FSN) and Van Hove singularity (vHS) induced Charge Density Wave (CDW), Spin Density Wave (SDW) condensates. In the framework of a coherent ballistic transport model utilizing the Non-Equilibrium Green Function approach (NEGF), a three terminal device with metallic gate, source, drain and CDW/SDW channel is simulated and studied. Within the validity of mean field approximation, we exposit the commensurability and boundary effects. The efficacy of the Hubbard model for (quasi) two dimensional Charge and Spin Density Wave materials is discussed. A two orbital generalization of the effective Hamiltonian is proposed for transport calculations in rare earth Tellurides $RTe_3$.