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