Disposal of Land Rules - RIICO

(iv) While approving subdivision of residential plots allotted to the
entrepreneurs or otherwise (non-khatedars), minimum area requirement
as mentioned at 17-(B)-(ii)-c above may be relaxed. However, the
norms adopted by JDA/relevant local bodies in respect to minimum
size of residential plot will be followed.
(v) In cases where subdivision and subsequent transfer of part land has taken
place before 1.5.2008, will be treated as per provision of sub-division
policy existing at the time of registered sale deed of the plot or subdivided
plot. However, the transfer fee will be recovered in these cases as
per prevailing norms.
(Inserted as per item 12 of the IDC meeting held on 15.9.2009. Further amended as per
item24 of the IDC's meeting Dt.16.12.2009. Amended as per item 3 of the meeting
10.2.2010. Sub rule 17-B-v inserted as per approval of IDC- item 39 of meeting held
on 18.2.11 )
17-(B-1): Transfer Defined:
For the purpose of this provision transfer of part land/ plot (transfer of
leasehold rights) mean transfer of part /parts of land / plot after
land/plot sub-division, by way of sale, lease, assignment etc. including
merger, acquisition and amalgamation of the Companies. It will
include transfer of plot / land by an individual/firm/company or any
other allottee/lessee as the case may be.
Notes:
(i) The transferee will have the status of an allottee / lessee of the
Corporation and all the relevant rules and regulations of the
Corporation will apply to the transferee 'Mutatis-Mutandis'. The
transferee will be holding the land / plot for the remaining lease
period available in balance with the transferor of the land / plot.
(ii) Lease period of 99 years will be computed from the date of
original allotment in these transfer cases.
17-B (2): Transfer Fee:
Transfer of sub-divided land / plot subsequent to sub-division of the
allotted land / plot in accordance with the above mentioned provisions
/ stipulations etc. can be allowed on payment of a transfer fee @ 10%
of the prevailing industrial rate of the industrial area concerned.
Exemptions:
The following cases will be exempt from payment of transfer fee: