Levy of betterment charge

(i) Where a scheme has been prepared under Chapter XII of this Act, the Authority is of the opinion that as a consequence of the scheme having been executed the value of any land or building in a planning area has increased or is likely to increase the Authority may in respect of such land or building levy a charge (hereinafter called the betterment charge) keeping in view the increase or likely increase of value resulting from the execution of such a scheme. Provided that the betterment charge so levied shall not exceed one-third of the amount by which the value of the land or building has increased or is likely to increase. Provided further that no betterment charge will be levied on the land vested in or under the control or in the possession of the Central Government of the State Government. (ii) The rates of betterment charge leviable under sub-section (i) shall be assessed by the Expert Committee (Arbitrator) on a reference having been made to the Expert Committee (Arbitrator) by the Authority.