Amendment status not verified — confirm the current text below against the official source.
(1) When by the making of a housing scheme any land in the area comprised in the scheme will, in the opindon of the Board be increased in value, the Board in frarp.ing the scheme may declare that better- ment charges shall be payable by the owner of the land or person having an interest therein in respect of the lincrease in value of the land from the execution of the scheme. (2) Such increase lin value shall be the amount by which 1;.he value of the land on the completion of exe- cution of the scheme estimated as if the land were clear of the buildings exceeds the value of the land orior to the execution of the scheme estimated in like manner and the betterment charges shall be one half of such increase in value. (3) Such betterment charges shall also be leviable in respect of any land not comprised in the scheme but adjacent to the area comprised in the scheme. Explanation.-For the purpose of this sub-section the State Government may on the recommendation of the Board, by notification in the official Gazette, dec- lare such land which is situated near or contiguous or adjacent to any land comprised in a scheme to be adja- cent to the area comprised in such scheme. Notice to persons