Power of the Authority to levy betterment charges

General202690 sections

Statutory text

(1) The Authority shall have the power to levy upon the owner of the land or any person having an interest therein a betterment charge, in such form and manner as may be prescribed, in the event of an increase in value of the land situated in any notified Satellite City Development Area, as a consequence of any development project or scheme having been executed by the Authority under this Act in any notified Satellite City Development Area and/or notified development area.
(2) The State Government may make such rules as may be necessary to set out the form and manner of assessment of betterment charges by the Authority under this section.

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