Disposal of Land Rules - RIICO
Disposal of Land Rules - RIICO
Disposal of Land Rules - RIICO
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(g-ii) Surrender <strong>of</strong> allotted plot/land by the khatedar:<br />
In case allottee Khatedar surrenders allotted plot, the amount <strong>of</strong> cash<br />
compensation may be paid as per award without interest after recovering<br />
outstanding dues towards economic rent and interest thereon and other dues,<br />
if any, till the date <strong>of</strong> surrender <strong>of</strong> the plot/land.<br />
(Inserted as per approval <strong>of</strong> IDC vide item 14 <strong>of</strong> its meeting held on 27.10.2008)<br />
18(h): The deposited amount shall be refunded alongwith interest as per the prescribed<br />
rate with the approval <strong>of</strong> the Managing Director in those cases where the<br />
allotment / possession <strong>of</strong> the plot could not be given by the Corporation due to<br />
court case or other unavoidable circumstances. However, the present rate <strong>of</strong><br />
interest (w.e.f. 1.11.2003) is as following:<br />
Table-4<br />
1. If amount remains with the Corporation for a period less @5.50% p.a.<br />
than 1 year<br />
2. If amount remains with the Corporation for a period <strong>of</strong> 1 @6.00% p.a.<br />
year and above<br />
(Inserted as per IDC decisions taken vide item 28 on 20.9.1997, item 6 on<br />
21.2.1998 and <strong>of</strong>fice order No. IPI/F-1 (9)2/82 dated 29th October, 2003)<br />
18( h-i) Where an entrepreneur is desirous <strong>of</strong> getting a plot / plots allotted in any <strong>of</strong> the<br />
Industrial Area <strong>of</strong> <strong>RIICO</strong> in lieu <strong>of</strong> his/her allotted plot / plots in a industrial area,<br />
the entire amount deposited by the entrepreneur on account <strong>of</strong> Security Money<br />
and Development Charges shall be transferred by the concerned Unit Office after<br />
deducting the due amount <strong>of</strong> service charges, economic rent from the allotment<br />
date to the date <strong>of</strong> such transfer, and interest on unpaid development charges,<br />
service charges and economic rent, to the other concerned Unit Office, where the<br />
plot allotment is being requested or allotment has already been made. The<br />
expenditure incurred on the lease deed will not be adjusted in any case. The fresh<br />
lease deed will have to be executed at the cost <strong>of</strong> allottee for change <strong>of</strong> plot in<br />
another area.<br />
Note:<br />
Such requests shall be considered at the rate <strong>of</strong> development charges prevailing in<br />
the desired area on the date <strong>of</strong> application for transfer made by the allottee.<br />
However, no allotment shall be made in those areas where decision has been taken<br />
for allotment <strong>of</strong> plots through open auction or under tatkal bhookhand awantan<br />
yojana.