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(Inserted as per
decision taken by IDC vide item 24 of the meeting held on 29th December
1999.) Terms
of payment of development charges. 12 (1): (Terms of
payment of development charges): The applicant / allottee
shall pay the Development Charges of the plot at the rate prescribed by the
Corporation for each industrial area from time to time. Charges for making
available electricity and water up-to main roads may be levied extra. The
Corporation reserves the right to enhance the rate of development charges if
any competent court enhances the compensation payable under an award
subsequently. The development charges for
industrial plots will be recovered in the following manner: (i) 25%
development charges as pre-requisite amount alongwith
the application form for the land allotment. (ii) Balance 75% development charges in instalments as per the time schedule and the terms &
conditions as prescribed / laid down by the
Corporation. (iii)
The allottee may opt to pay
balance 75% development charges
within 60 days of the land allotment for which no interest will be charged. (Substituted as per IDC decision taken vide
item 5 on 08.01.2001. Amended as per item 24 of the meeting held on 10.2.2010) 12( 2 ) The Chairman and Managing Director may allow payment of balance 75% development charges of industrial plot in one year in three equal quarterly instalments , without interest in case the allotment is made before the industrial area is declared as developed. (Inserted
as per decision taken by IDC vide item 12 of their meeting held on 12 (3): (Broad provisions for payment of the
development charges in Installments ): The installments will be paid over a prescribed
period in equal quarterly installments as
per terms and conditions, time schedule, interest rate etc. as may be
prescribed /laid down by the Corporation from time to time. Existing terms & conditions/time schedule etc.
for the payment of balance development charges in the installment is as under: (i) The installments for balance 75 % development charges
will be paid in seven quarterly installments. (ii) The first installment will become due on
fixed date falling after 5 months from the allotment date and interest shall
be charged from 61st
day of the allotment. Fixed dates for payment of installment with interest
shall be 31st March, 30th June, 30th Sept. and 31st Dec. of the year. (iii) The installments will be paid on due date (as
mentioned above) alongwith interest calculated on
remaining development charges on due date. In case of default in installment
payment, further interest at the rate higher by 2% over & above the
normal rate shall be levied on due principal amount of installment from the
installment due date to the payment date. While depositing the amount,
payable interest shall be deposited first. (iv) The existing allottee
may also switchover to deposit balance amount of development charges as per
above 19 quarterly installment facilities.
However, the allottee will have to deposit
all the dues payable on the date of option.
The number of installments shall be reduced to the extent of
installments deposited e.g. in case the existing allottee
has opted for 7 quarterly installments and deposited 2 installments, would be
entitled to deposit the remaining amount of development charges in 17
quarterly installments. (Inserted as per IDC decisions taken vide
item 16 on 25.02.2000 and amended vide item 5 on 8.1.2001 and item 10 on
18.08.2001. Amended as per item 24 of the meeting 10.2.2010. Amended further
vide 7 12(4) In case of allotment of plots through auction, the charges shall be paid as per the terms & conditions of auction decided by the Corporation from time to time . (Substituted as per
decision taken by IDC vide item 6 of the meeting held on 12(5) Installment Scheme for commercial plot allottees: Same as applicable
to industrial plots and mentioned in sub rule 12 (3) above . The allottee
of commercial plot also, may opt to pay balance 75% development charges within 60 days
of the land allotment for which no interest will be charged. Commercial plot allottees may opt to pay balance 75% development charges
in equal quarterly instalments as per details given
here under: (i)
Total
permitted quarterly instalments will be (ii) If the allottee does not want to avail any interest free instalment facility, then the payment will be received in
19 quarterly instalments. In such case all the instalments will be interest bearing instalments. Note: In such cases, possession of
the plot can also be handed over to the allottee
concerned even before payment of full cost as is being done in case of
industrial plots i.e. the allottee will be given possession
of the land within 90 days of the allotment subject to payment of initial
deposit amount. If the allottee does not turn up
for the possession then it will be deemed to have been taken on 91st day of
the land allotment. (Inserted as per
IDC decision taken vide item 10 on 18.08.2001. Amended/inserted as per item
15 of IDC meting held on 15.9.2009 ) 12(6) Installment
Scheme for allottees of residential plots: Same as applicable to industrial plots and mentioned in
sub rule 12 (3)
above . The allottee of residential
plot also, may
opt to pay balance 75% development
charges within 60 days of the land allotment for which no interest will be
charged.
(Inserted as per IDC decision
taken vide item 11on 10.12.2001) 12(A) ADDITIONAL
CHARGES FOR CORNER PLOTS ( i ) If a corner plot measuring upto 4000 sqmt. is proposed for allotment, additional charges @ 10% of the rate of development charges as corner charges shall be charged for corner plot. No corner charges for corner plots measuring more than 4000 sqmt. shall be levied irrespective of the fact that proposed plot is re-constituted by clubbing of smaller plots even upto 4000 sqmt. ( ii ) The concession to the allottees of concessional categories shall be allowed on the total development charges of the plot including corner charges. ( iii ) If the plot proposed for allotment upto 4000 sqmt. is re-constituted by clubbing of any corner plot with non-corner plot then, corner charges shall be levied on the area of corner plot as per original lay out plan / scheme. ( iv ) Corner charges on the allottees of non-cornered plots which have been carved out by sub-division of large size corner plot will not be levied. Sub-division of large size corner plot shall be done only when required size of plot is not available in the area. ( v ) Corner charges will be levied only when more than one plot of any size has been planned . Isolated plots will not be subjected to corner charges. (Substituted
as per decision taken by IDC vide item 19 of the meeting held on 5th July
2000 and item 11 of of the meeting held on 25th
January 2001.) 12(B)
Allotment of 'Strip of Land' will be made as under : 12(B-1): Definition of "Strip of Land" (i) A "strip of land" shall mean a piece of land
adjoining one or more existing plots which can not be put to independent use
either because it cannot be planned as an independent plot in conformity with
the town planning norms or because there can be no approach to such piece of
land. (ii) Any land in possession of an allottee which is in excess of the land actually allotted
by the Corporation shall also be deemed to be a strip of land. 12(B-2)
: Conditions and modes of disposal
of 'strips of land': 1. All allotments of strip of land shall be
made only for the purpose for which the original plot of the allottee was allotted or has been allowed to be used. 2. Where any strip of land is so located that
it can be used by the owner of only one adjoining plot, such strip of land
shall be disposed of by allotment to the owner of the adjoining plot. In such cases the allotment of the strip of
land shall be made at the following rates:
3. Where any strip of land is so located that
it can be used by the owners of more than one adjoining plots, such strip of
land shall be disposed of by a limited auction between the owners of all the
adjoining plots. On auction, the strip
of land shall not be disposed of at a rate less than the rates mentioned in para No. 2 above.
However, if in any such auction the owner of only one adjoining plot
shows interest in purchasing the land, the strip of land shall be allotted to
him at the rates mentioned in para No. 2 above. 4. Before
disposing of any strip of land, the building line shall be marked which shall
be maintained. 5. No strip of land shall be allotted/
auctioned if it endangers the public safety or is against traffic regulation. (Existing provisions substituted by
the amended provisions as per approval accorded by the Infrastructure
Development Committee of the Board of Directors vide item (18) of its meeting
held on 05.8.2008 ) 12-C Policy for refund
of development charges on account of short area for all types of
allotted plots: In cases where the land is found less than the area as per the lease deed / physical possession, then the deposited amount due to short land would be refunded without approval of HO, alongwith interest (w.e.f. 01st Nov. 2003) as under: |
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( i ) |
If amount remains with the Corporation for a period less than one year. |
@ 5.5 % per annum |
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( ii ) |
If amount remains with the Corporation for a period of one year and above |
@ 6.0 % per annum |
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(Amended as per IDC
decision taken vide item 5 on 12.8.2005) Note: 1. The date of development shall
be determined by the concerned Sr. DGM/ 2.
In case where the allotments are made
prior to development of the area, lease agreement shall be executed within 30
days from the date the area is declared developed and notice thereof is given
by the concerned Sr. DGM/ (Inserted as per decision taken by IDC
vide item 11 of the meeting held on |