Amendment status not verified — confirm the current text below against the official source.
Surrender of plots.— Following surrender charges shall be deducted by the Corporation in the event an allottee intend to surrender his land/plot allotted to him: (i) 1% of the prevailing total premium amount of the plot. (ii) In addition to the surrender charges specified under clause 15 (i), the amounts paid by the allottee towards the lease rent, interest on premium, penal interest, processing fees, service tax to the Corporation, shall stand forfeited. (iii) Any amount pending towards dues on account of lease rent, penal interest, interest on premium, processing fees, service tax or any other dues shall be recovered from the premium amount and any shortfall after adjusting the premium amount shall be recovered as land revenue arrears. -42- CHAPTER-IV