EXTRACT OF RAJASTHAN URBAN IMPROVEMENT TRUST (DISPOSAL OF URBAN LAND)
RULES

Liability for urban Assessment of Ground Rent:

1[Rate- (1) Urban Assessment or ground rent shall be fixed on the basis of the reserve price at 2.5% in case of land given on lease for residential educational, social and charitable institutions
2(medical clinics and nursing homes), 3(Tourism unit Multiplex unit and Auditorium) purposes and 5% in case of land given on lease for commercial and other purposes.]
4[Provided that the State Government shall have powers to permit charging urban assessment on such rates, terms and conditions as may be specified by the State Government on merits of each case, where the land is allotted under Rule 18]

(2) Revision: The urban assessment or ground rent once fixed under these rules shall be liable to revision after every 15 every 15 years and also at such transfer by sale or gift otherwise and such increase shall at each stage be 25% of the urban assessment or ground rent at the time of such revision or transfer, as the case may be.

5“Provided that if the land/building allotted under rule 18-B and 18-C has been transferred by way of sub-lease by the lessee, the above provision of increase on transfer in urban assessment shall not be applicable.”

6“(3) (i) The Urban assessment shall be charged from the date, on which the possession of the plot/building shall be given.

(ii) Full urban assessment shall be charged on the plot after five years before which the construction of a house or a building shall be completed, for the first five years only half of the urban assessment shall be charged.”

3[(5) Interest on late payment of Urban Assessment (ground rent): If the urban Assessment or ground rent is not deposited in time, then the interest at the rate of 4(12% per annum) shall be charged.
5[XXX]

(6) Recovery of urban Assessment (ground rent): The arrears of Urban Assessment or ground rent together with interest shall be recovered under the provisions of the Rajasthan Public Demands Recovery Act, 1952

6“7 A. Power to reduce or remit urban assessment, interest or penalty, - Notwithstanding anything contained in these rules, the State Government may in appropriate cases reduce or remit urban assessment and interest or penalty thereon, by a general order.

3“14-A –Additional charges on failure to construct the building, transfer and surrender of land purchased through auction: (1) It a person who purchases the land through public auction for residential or commercial purposes, has not constructed a building within three years from the date on which possession of land is handed over, he shall pay levy at the rate of 2.5% per year of the present prevailing reserve price to the concerned trust up to ten years and building has still not been constructed the lease of the land shall stand cancelled.”