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