Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
Disposal of Land Rule - RIICO
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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 />
18(h-ii) If the decision on the allotment could not be taken within 30 days <strong>of</strong> the<br />
application and the amount remained deposited with the corporation, then<br />
application money will be refunded with interest @ 6% p.a. , which being the rate<br />
<strong>of</strong> interest being allowed by the Income Tax Department in cases <strong>of</strong> refunds.<br />
(inserted w.r.t item 7 <strong>of</strong> the IDC’s meeting dt. 5.9.2011)<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.<br />
(Inserted as per IDC decision taken vide item 13 on 28.6.1997 and<br />
clarification issued vide circular No. IPI/U (2) 2 (1-931/01) / 1602 dated 28 th<br />
February 2002)<br />
18(i) No Refund <strong>of</strong> cost <strong>of</strong> structures after cancellation / surrender <strong>of</strong> plot:<br />
The Corporation will neither demand from new allottee the cost <strong>of</strong> structures built<br />
up and left by old allottee due to surrender / cancellation <strong>of</strong> allotted plot nor will<br />
undertake the payment <strong>of</strong> construction <strong>of</strong> such structures to old allottee. However,<br />
old allottee may consider to take away goods left by it as per clause <strong>of</strong> lease-deed.<br />
(Inserted as per IDC decision taken vide item 15 on 13.11.2000)<br />
18(j) Surrender <strong>of</strong> shed:<br />
Surrender <strong>of</strong> shed may be accepted in the following manner:<br />
(a). Where the allottee has taken the possession <strong>of</strong> the shed but desires to<br />
surrender it, the surrender may be accepted on such terms & conditions as<br />
may be decided by the Corporation.<br />
(b). Where lease has been executed, the lessee shall execute formal surrender<br />
deed at his cost in favour <strong>of</strong> the Corporation.