Disposal of Land Rules - RIICO
Disposal of Land Rules - RIICO
Disposal of Land Rules - RIICO
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Rates <strong>of</strong> economic rent applicable with effect from 1.4.2002<br />
FORM"F"<br />
(a) In cases <strong>of</strong> allotment made and lease deeds executed upto 31.3.1991, the rate <strong>of</strong> economic<br />
rent shall be :<br />
(i) Rs. 125/- per 4000 sqm. per annum in a town having population <strong>of</strong> 3 lacs and above ;<br />
(ii) Rs. 75/- per 4000 sqm. per annum in a town having population more than 10000 but<br />
below 3 lacs ; and<br />
(iii)Rs. 37/- per 4000 sqm. per annum in a town having population below 10000.<br />
The above rates are subject to minimum <strong>of</strong> Rs. 25/- per annum.<br />
(b) In cases <strong>of</strong> allotment made on or after 1.4.1991, the rates <strong>of</strong> economic rent shall be :<br />
(i) Rs. 387/- per 4000 sqm. or part there<strong>of</strong> per annum in a town having population <strong>of</strong> 3 lacs<br />
and above ;<br />
(ii) Rs. 237/- per 4000 sqm. or part there<strong>of</strong> per annum in a town having population more<br />
than 10000 but below 3 lacs ; and<br />
(iii)Rs. 125/- per 4000 sqm. or part there<strong>of</strong> per annum in a town having population below<br />
10000.<br />
However, with effect from 1.4.2003 the economic rent would be calculated on the basis <strong>of</strong><br />
above rates depending on the actual size <strong>of</strong> plot and rounded <strong>of</strong>f to the next rupee subject<br />
to a minimum economic rent <strong>of</strong> Rs. 100/- per annum.<br />
In cases <strong>of</strong> allotment made prior to 1.4.2002 where the period <strong>of</strong> 5 years has not been<br />
completed after allotment <strong>of</strong> plot or last revision in economic rent allowed in favour <strong>of</strong> allottee<br />
<strong>of</strong> plot, aforesaid rates shall be made applicable soon after completion <strong>of</strong> 5 years period.<br />
(*Revised / amended as per decision taken by IDC vide item 3 <strong>of</strong> the meeting held on<br />
28.2.2002 and item 7 dated 30.6.2003)