(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)   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 upto main roads may be levied extra . The Corporation reserves the right to enhance the rate of development charges if the compensation payable under an award is enhanced by any competant court subsequently . The development  charges for industrial plot will be recovered in the following manner :

 

( i )       Twenty Five percent alongwith the application form of land allotment .

( ii )      Balance 75% amount within 60 days from date of issue of allotment letter.         In case of opting instalment scheme, rule 12 (3) shall be applicable.    

 

(Substituted as per decision taken by IDC vide item 5 of their meeting held on dt. 8th January , 2001.)

 

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 25th February, 2000.)

 

12 (3) Instalment Scheme for allottees of industrial plots

 

After paying 25% development charges with the application, industrial plots allottees may opt to pay balance 75% development charges in a period of 2 years in 7 equal quarterly installments with interest at the rate as may be prescribed from time to time. Other terms & conditions shall be as under:

( i )     The first installment shall become due on fixed date falling after 5 months from the allotment date and interest shall be charged from 61st day of allotment. Fixed dates for payment of installment with interest shall be 31st March, 30th June, 30th Sept. and 31st Dec.  of  the year. 

( ii )     The installments shall 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. (Period reduced as per IDC decision vide item 4 on 20 May 2004)

(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)

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 22nd March, 2000.)

 

12(5) Allottees of commercial plots may opt to pay balance 75% development charges in 3 equal quarterly instalments from the date of allotment alongwith interest at the prescribed rate, to be calculated after 60 days from the date of allotment. The possession of plot shall be given only after payment of 100% development charges. 

                        (Inserted as per decision taken by IDC vide item 10 of their meeting held on 18th August, 2001.)

 

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 10th December, 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)   Excess land in allotted plots may be regularised as under :

            Excess area of land available in allotted plot up-to 10% of the original plot area is termed as 'excess land', and land in excess of 10% of the original plot area which can not be planned into a separate plot is to be conceived as 'strip of land'.(Inserted as per IDC decision taken vide item 11 on 4.9.2003)

12  B -(1)    REGULARISATION OF EXCESS LAND IN COMMERCIAL / RESIDENTIAL PLOTS

 

            The excess land which can not be planned out separately into an independent plot may be regularised as under :

( i )       Excess land up to the extent of 10% of allotted area may be regularised on original rate of allotment alongwith interest @ 12% p.a. from the date of allotment.

 

( ii )      Excess land beyond 10% of the allotted area may be regularised on payment of development charges at the highest rate received in recent past in auction of commercial / residential plots of such sizes or prevailing rate of development charges for commercial / residential plots (i.e. 4 times & 2 times of industrail rate in the area respectively) or rate fixed by District Level Committee ( DLC ), whichever is higher.

(iii)       For the excess land which can be carved out into an independent plot, action for eviction shall be taken against the allottee.

            (Substituted as per decision taken by IDC vide item 3 of the meeting held on 16.07.2003.)

 

12B( 2)    FOR INDUSTRIAL PLOTS

 

( i )       Regularization of excess land up-to 10% of original plot, with the allottee may be considered at the allotment rate with simple interest thereon @ 12% per annum, provided that rate of regularization so worked out shall not be less than 50% of the prevailing industrial rate, and shall not be more than the prevailing rate of development charges of the area. (Amended as per IDC decision taken vide item 11 on 4.9.2003)

 

( ii )      Beyond the above, attempt will be made to carve out independent plot (s) especially in saturated industrial area for disposal. Alternatively, if independent plot is not considered feasible, then full prevailing rate in slow moving and non-saturated industrial areas and tatkal rate in saturated industrial areas shall be charged for excess land beyond 10% of the main plot. Where tatkal rate has not been fixed, then rate shall be 25% higher than the prevailing rate of area. However, excess land due to encroachment in road boundary and in the land earmarked for other than industrial purpose shall not be considered for regularisation at unit level.  

 

            (Substituted as per decision taken by IDC vide item 1  of the meeting held on 8th January, 2001 and item 7 dated 23rd March 2001.)

 

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:

 

( i )

If amount remains with the Corporation for a period less than one year.

@ 5.5 % per annum

( ii )

If amount remains with the Corporation for a period of one year and above

@ 6.0 % per annum

 

(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/SRM/RM whose decision in this respect shall be final. The industrial area shall be considered as developed only after availability of road, water supply, power supply and adequate street light.  

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/SRM/RM.

(Inserted as per decision taken by IDC vide item 11 of the meeting held on 21st February 1998 and office order No. IPI/F-1(9)2/82 dated 29th October, 2003 respectively.)