The Telangana (Prevention of Speculation in Immovable Property) Act, 1954.
telangana · 1954
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 1The Andhra Pradesh (Prevention of Speculation in Immovable Property) Act, 1954 (Act No
- S. 2Substituted by G
- S. 3Section 3 allows the government to declare areas for speculative property transfers as "notified areas" and to withdraw this status.
- S. 4Substituted by G
- S. 5Substituted by Act XI of 1960
- S. 6Section 6 allows the government to increase the standard price of property by up to 25% if its assessment is enhanced.
- S. 7Section 7 allows the government to purchase any notified area property from the owner at specified prices or market value.
- S. 8Section 8 mandates the District Collector to determine and pay property amounts, with excess paid by the government if court-determined.
- S. 9Section 9 allows the District Collector or interested parties to request a court to set aside property sales exceeding specified prices.
- S. 10Section penalizes transfers of immovable property in notified areas against regulations with fines twice the excess consideration.
- S. 11No Court shall take cognizance of an offence under this Act except on a complaint made by the Ditrict Collector
- S. 12Section 12 protects government officials from legal action for actions taken in good faith under the Act.
- S. 13(1) The Government may by notification, make rules to carry out the purposes of this Act