Amendment status not verified — confirm the current text below against the official source.
The scheme as rnodiec1 shall be published in accordance with the provjons of' sections 55 and on such publication the scheme .50 mdilIed shall Come iuo force and shall 'bave. efiect. 70 rowr to excnipt.-.j-The QOVCIIIJ Lien I n1Ly ill pttblic interest, by notification in the GazQtte, 1 exempt subject to such eonclitjos and rtstrictions as may be secifi çd in. stic.lt notifications, any housing 01 - improvement schemes 1 fi- m a1! or any oh the provisions of , tlds Chapter. viii ACQUISITIQN1ANI) DISlOSA[, 01,' L\Ni) J'ower to acquire latiqi under the Land 4cquisiliwi Act, -Any lai I or any interest therCin rcquired by the prd for, any of the purposes of this !\el • may be acquired under tlé povisions o' the Kerala Land AeqimiiLiwi Act, 1961 (Act 21 of1962). rower to purchase or, iea4 by agreenient.- --The Board Iliay (-nici' into agrecillent with any person for he acquisition Irom him liv l)wchasc, lease oc exchange, of any land or any iflterest therein which iiiity be acquti-ed under scctioli 71 Proyithecj that if the value of such land om: interest exceeds lilly thoitsund rupees, tlj loard hahl not ente' into such ngleelnem\t without the previous approval of the C overimsent. Power to disime of land. --.(i) The Board may rd-lain or may 'case sell, exchange or otherwise dispose of aity laud vested in or aeqimuerl by it under this Act. - (2) Whenever the Board decides to lease or sell ally land acquim'ed by it under this Act froiti arty-person,- it shall give notice by advertisenment iii one of the leadiiii local newspapers in the State, and - It shall offer to the said per.soii, or his heirs executors ot administrators, has prior, right to take on lease or 10 purchilsesuch laud for an amount or at a mate to be fixed by the Board, if the Board coimsiders that such an ohTer can be made without detriment to the Ciiit out the pui,poscs of' this Act. - (3) If in any case two or more persons claim to have the l°° right referred to in clause (b) of sub-section (2) prekrenee shall bo given to the who agrees to pay the highest amount of i'ate lU1 the land, not being less than the aniotint or zitc fixed by the Board under that in clause. 3741580/2019/OS-HOUSING 183 31) ChIAPTuR IX hl';VY, AssESsMl)\rr Al) REOOVERY OF BETTERMI.;NII' FEE 74 Pouncol of betIerineo(fe&.... (I) When by the cxceution of a housing or iTIlproveInent schcmc, any land in the area comprised in the schcmo winch -is not rcqtt iced for the execution thcrcof wiU, in the opinion of thc J3oard, be incrcws&d in value, the Board, iii fiaming the schcmc, may declare thac betternicot lee shall be payable by the owner of the land or any pCFSOI1 having ill interest therein in respect of the increase iii value of the land resilltillf, from Ow execution of the scheme. (2) Such increase in value shall be the amount by which the valuó of I he land on t lie con plctioui of the cxecu I ion of the scheni e estimated. as if' the land wc'rr clear o bu;klings, exceeds the value of the - land 1)rior to the execution ni thu: scl:euruc estimated in the like manner, and the l)CtteViflClit fcc, shall l)c. ()fle-l)il1 of such increase in value, (3) The Boa rri may, with the previous approval or the Govcrnmiit, cicdai'e that such bcttcrmnt icc shall also be payable in rcspcct of any'laid. not oiuipi ISCO in dic scheme but is adj cent. to the area COj)1 ised in the scheme if such land svihl be increased in value consequent on the ccdutioñ of a housing or improvement scheme in the area comprised in the schiej'nf Provided that the Board, shall, before deelariig that any bctternicnC'fet shall be payable under this sub-section, serve a noticli in such form as' may. be pccscribc.d on every person ishosc name appears in •thc. asscsshcnt lit of the local authority concerned as being primarily liable to pay property tax