Maharashtra Cupboard on Tuesday cleared the choice to introduce a Invoice permitting curiosity quantity on delayed compensation for land acquisition to be paid at a single fee, which might be one per cent larger than the repo fee for banks.
The Proper to Honest Compensation and Transparency in Land acquisition, Rehabilitation and Resettlement Act, 2013 gives for the fee of curiosity on the fee of 12 per cent as per Part 30(3) and 9 per cent and 15 per cent as per Part 72 and Part 80, in case of delay in fee of land acquisition compensation to the land house owners.
“Nevertheless, this used to burden the federal government exchequer and improve the unique value of the tasks. Now, by altering this rate of interest, if there’s a delay in paying the land acquisition compensation, curiosity might be paid on that quantity at a single fee. This fee might be one p.c greater than the rate of interest for banks,” mentioned an official from the Income division.
A invoice on this regard might be launched within the legislature.
The Cupboard additionally cleared the choice to vary guidelines of lease of immovable properties in municipal firms, councils, panchayats and industrial cities.
The foundations relating to lease, renewal and switch of immovable properties have been framed on November 6, 2023. In a bid to carry uniformity within the switch of properties in all city native our bodies within the state, Maharashtra Municipal Councils, Nagar Panchayats and Industrial Cities (Switch of Immovable Property) (Modification) Guidelines, 2025 might be framed on the traces of the Municipal Company Property Switch Guidelines.
The properties are categorised as residential, academic, charitable, public, business, and industrial. In response to the revised guidelines, the lease fee of properties for residential, academic, charitable, and public use is not going to be lower than 0.5 p.c of the present market worth (prepared reckoner). Additionally, the lease fee for properties for business and industrial use is not going to be lower than 0.7 per cent of the market worth.
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The valuation, lease fee and safety deposit of those properties might be decided by a five-member committee headed by the District Collector of the respective districts. Objections and recommendations might be invited relating to these guidelines after which a remaining notification might be printed.
The assembly additionally accredited the implementation of the Abhay scheme to extend the gathering of excellent property tax by waiving penalties for the gathering of property tax within the municipal councils, nagar panchayats and industrial city areas within the state.
Members of native our bodies can take away chairman
The members now have the ability to take away the chairman of municipal councils, municipal panchayats, and industrial cities from the workplace.
Earlier, within the means of eradicating the chairman from workplace, a proposal with the signatures of fifty per cent of the elected members was despatched to the district collector. After that, motion was taken on the authorities stage to take away the mayor from workplace.
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As an alternative, now a proposal with the signatures of two-thirds of the elected members might be despatched. On which the district collector should maintain a particular assembly inside ten days and take a call by voting.
