(1) Where after the issue of a notification under sub-section (2) Plansing

of Section 29 it appears to the Beard that the planned development Board to of the notified area can be secured only by acquiring land in that acquire land area, it may, with the prior consent of the State Government, acquire fod planned y 4 A ve evelopment, the entire area or such part of it as may be considered necessary, where neces- either by direct negotiation with the owner or failing such negotiation, sary. by resort to the provisions of the Land Acquisition Act, 1894. _ (2) Such area as may be acquired under sub-section (1) shall te properly laid out by the Board, the necessary improvements effected and sites assigned sold or leased to the public for a specified, period Hot exceeding 99 years, for construction according to approved plans.

i

’ CHAPTER—VIII LEVY OF BETTERMENT TAX

Planning 32, (1) Where a Board is of the opinion that the value of Board to land in any area in its charge is likely to increase as a result of [sped the development at public expense of any area adjoining a highway, pid yi it may, with the previous consent of the State Government, decide with the to levy a betterment tax in respect of such area :

Consent of

te Government Provided that where in pursuance of Section 31 the Board has hed LN acquired any area and has had it properly laid out aad sold or determite (8® feased to the public, no betterment tax shall be levied in respect of such area.

1. (2) The State Government, when approached by the Board under sub-section (1) for its comsent to the levy of betterment tax in any area, shall while giving such ccnsent determine the percentage rate, not exceeding 80% of the betterment value, at which the tax shall be levied in such area and communicate the same to the Board.
2. (3) Where it is decided to levy abetterment tax in respect of any area, the Board shall cause the decision to be notified in the official gazette and shall also secure further publicity to the notification in the manner prescribed under sub-section (4) of Section 11.
3. (4) The notification shall specify :—
4. (2) the exact area in which the betterment tax is to be levied,
   • (b) the date on which the prevailing land value shall be deemed to be the basic value for purposes of commuting betterment, and {c) the percentage rate of betterment value at which better- ment tax shall be levied, as determined by the State Government under sub-section (2). t (5) When the development or improvement of the area adjoining the highway has been completed or, in the opinion of the Board, has reached a stage sufficiently advanced to enable the resulting betterment to be determined, the Board shall notify in the official i gazette the date on which the execution of ihe scheme has been completed or shall be deemed to have been completed, and shall also cause further publicity to such notification in the manner prescribed under sub-section (4) of Section 11. Computation 33. (1), For land which has already been built upon or on of betterment which permission to build has already been accorded before the date value. notified under sub-section (5) of Section 32, betterment value shall be the value on that date less the basic value as computed with reference to the date notified under sub-section (4) of that Section less, the estimated cost of improvement work, if any, carried out by the owner between the two dates. 23
5. (2) For land which on the date notified under sub-section 5) of Section 32 has neither been built upon nor in respect of which permission to build has been accorded before that date, the betterment B value shall be the value on the date when permission to build is granted less the basic value as computed with reference to the date notified under sub-section (4) of Section 32, less the estimated value of improvement, if aay, carried out by the owner between the two latter dates.