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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. (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) 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:
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 10 in numbers. Out of
which initial 1 instalment will be interest free in
developed areas and 3 in under developed areas and for the remaining instalments, interest at the prescribed rate shall be
paid. (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) Allottees of residential plots getting allotment by normal procedure or auction may opt to pay balance 60% development charges in 3 equal quarterly instalments from the date of allotment. Such allottees shall pay instalments alongwith interest on outstanding amount at prescribed rate. Interest is to be calculated after 60 days from the date of allotment. In case of default in payment of instalments in time, interest at the rate higher by 2% over the normal rate shall be levied on principal amount of due instalment for delayed period. However, the possession of plot shall be given only after payment of 100% development charges. (Inserted as per decision taken by IDC vide item 11 of their meeting
held on 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 |