Amendment status not verified — confirm the current text below against the official source.
Where by the making of any town-planning scheme 49[the value of any property has increased or is likely to increase], the municipal council, if it makes a claim for the purpose within the time (if any) limited by the scheme 50[not being less than three months] after the date of publication of a notification of the *[State Government] sanctioning a scheme under section 14, shall be entitled to recover from the owner of such property an annual betterment contribution for such term of years and at such uniform percentage of the increase in value not exceeding ten per centum as may be fixed in the scheme: