Provision for case in which value of developed plot is less than amount payable by owners

General201674 sections6 chapters

Chapter IV Final Schemes

Statutory text

(1) If from any cause the total amount which would be due to the appropriate authority under the provisions of this Act from the owner of a plot to be included in the final scheme exceeds the value of such plot estimated on the assumption that the scheme has been completed, the Land Pooling Officer shall at the request of the appropriate authority direct the owner of such plot to make payment to the appropriate authority of the amount of such excess.
(2) If such owner fails to make such payment within the prescribed period, the Land Pooling Officer shall, if the appropriate authority so requests, acquire the original plot of such defaulter and apportion the compensation among the owner and other persons interested in the plot on payment by the appropriate authority of the value of such plot estimated at its market value at the date of the declaration of intention to make a scheme or the date of a notification under sub-section (2) of section 5 and without reference to improvements contemplated in the scheme; and thereupon the plot included in the final scheme shall vest absolutely in the appropriate authority free from all encumbrances but subject to the provisions of this Act; Provided that the payment made by the appropriate authority on account of the value of the original plot shall not be included in the costs of the scheme.

Study data processing for this section.

PDF: pending for this language.