Amendment status not verified — confirm the current text below against the official source.
7 ransfer to Board for purposes of improvement scheme of building or land vested in the Corporation or in a 1 munictpality or zn a Panchayat.-( 1) Whenever any budding, or any street, square, or other land, or any part thereof, which- ( a) is situated in the City of Trivandrum and is vested in the Corporation, or (b) is Situated in any part of a municipality constituted under tht. Travancore District Mumc1palities Act, 1116, in which this sectiOn is for the time bemg in force, and is vested in that mumcipality, or (c) is situated in any area included within the jurisdiction of a panchayat constituted under the Travancore-Cochm Panchayats Act, 1950, in wh1ch this section IS for the time being in force, and is vested in that panchayat, is within the area of any improvement scheme and is required for the purposes of such scheme, the Board shall glVe notice accordingly to the G:>mmissioner of the Corporatwn or the executive authority of such municipality or panchayat, as the ca>e may be, and such bUildmgs, street, square, other land or part thereof shall thereupon vest in the Board. (2) Where any land situated in the City vests in the Board under the provisions of sub-section (I) and the Board makes a declaration that such land will be retained by the Board only until it revests m the Cor- poration as part of a street or an open space under section 67, no com- pensation shall be payable by the Board to the Corporation in respect of that land. {3) Where any land or building vests in the Board under sub- section ( 1) and no declaration is made under su b-sect10n (2) in respect of the land, the Board shall pay to the Corporation, the mun1cipality, or the panchayat, as the case may be, as compensatiOn a sum equal to the market value of such land or building as on the date of the publication of the notification under section 53 ; and where any build- ing Situated on land m respect of which a declaration has been made by the Board under sub-section (2) is vested in the Board under sub- section ( 1), hke compesnation shall be payable in respect of such build- ing by the Board. (4} if, in any case where the Board has made a declaration in respect of any land under sub-section (2), the Board retains or diSposes of the land contrary to the terms of the declaration, so that the land does not revest in the Corporation, the Board shall pay to the Cor- poration compensation m respect of such land in accordance with the provisions of sub-section (3). (5) If any question or dispute arises- (a) as to whether compensation is payable under sub-section {3) or sub-section ( 4), or {b) as to the amount of the compensation paid or proposed to be paid under sub-section (3) or sub-section (4), or (c) as to whether any buddmg or street, or square or other land, or any part the1eof, is reqUired for the purposes of the scheme, the matter shall be referred to the Government whose decision shaH be final.