Disposal of Land Rules - RIICO

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