Disposal of Land Rule - RIICO

5. For allowing the change of land use of allotted or converted commercial
plots for setting up of petrol pump subject to fulfilling the prescribed
norms and parameters, following conversion charges will be levied:
Table-2
Setting up of petrol pump on
converted commercial plot
Setting up of petrol pump on
commercial plot allotted in
auction prior to 24.9.2003
Setting up of petrol pump on
commercial plot allotted in
auction on or after 24.9.2003
A token amount (lump sum) of Rs.100/will
be charged.
No conversion charges will be levied.
Conversion charges worked out as
difference in rate of four times minus the
rate finally paid by the allottee in
multiple of industrial rate prevailing at
the time of auction of the commercial
plot and multiplied to the present
industrial rate of the area, will be levied.
6. In case of any institutional plot or plot allotted for any purpose other than
commercial, change of land use for setting up of petrol pump will be
considered at par with industrial plot.
(Inserted as per IDC decision taken vide item 4 on 10.11.2004)
7. Land use conversion charges for the cases involving change in land
use of an allotted industrial plot for educational /training institutes
purposes will be as under:
Broad
Classification
* Change of land use
of an allotted
industrial plot/ land
for educational
/training
institutes/schools
purposes.
Note: The
educational/training
institutes will bear
due clearances of the
statutory bodies
concerned, and will
be in conformity of
their norms.
Table-3
Sub Classification Conversion Charges
(a) For the
educational
institutes (the
institute which
imparts degree/
diploma and
primary/
secondary
education)
purposes.
(b)Industrial Training
Institutes (ITI) and
Polytechnic College
0.25 times the prevailing
development charges of the
Industrial Area concerned
0.25 times of the prevailing
development charges of the
Industrial Area concerned.