Disposal of Land Rule - RIICO

cases of exchange of plot relating to industrial areas Bhiwadi, Chopanki and
Khuskhera will be decided at HO Level.
( inserted as per decision taken by IDC on 12.8.2005)
18(g). Surrender/ Cancellation of Plots allotted for any purpose such as Industrial/
Residential/ Commercial/ Institutional:
In case the Corporation cancels allotted plot or if any allottee or a lessee intends
to surrender the plot or part thereof for any reason, the Corporation may accept it
on the condition as it may deem fit. In such cases of plot surrender/ cancellation
after 1 st June 2004, the amount of development charges recovered from the party
will be refunded after dealing the case in the following manner:
(i) Service charges, economic rent and interest on unpaid service charges
and economic rent till the date of surrender/cancellation of plots will be
deducted from the refundable amount.
(ii) Security deposit/ amount of keenness money will stand forfeited.
(iii) Deduction of development charges irrespective of date of plot allotment
will be made as under:
(iii-a) Consequent upon surrender of the allotted plot (s):
Table-3
S.No. Particulars Deduction of the development
charges
1. Saturated industrial areas Nil
2. Un-saturated industrial areas:
(i) In case surrender is made
within one year of
allotment
(ii) In case surrender is made
after one year of
allotment
(iii-b) Cosequent upon cancellation of the allotted plot(s):
Table-4
20 % of the net cost of the
plot/land (development charges)
10 % of the net cost of the
plot/land (development charges)
S.No. Procedure of plot allotment Deduction of the development
charges
1. Plot sold by normal allotment Nil
2. Plots sold by auction or under
Tatkal Scheme
6.25% of the total sale price
(development charges).
(iv) The interest received will not be refunded and outstanding interest till the
date of plot surrender or cancellation will be recovered and deducted from