Home
Land conversions made simpler in Gujarat
Calcutta News.Net
Saturday 5th July, 2008 (IANS)
The state government has come out with a new policy that will make it easy to convert agricultural land to commercial non-agricultural land.
This is expected to boost the construction sector, now stagnating in Gujarat.
The new policy announced Friday will apply to land that cannot be sold under the Tenancy Act, as well as indivisible land.
However, government permission will be required for the sale, gift, lease, mortgage, division, or transfer of such land.
Called the 'Simplification of Conversion Procedure of New Tenure and Indivisible Land to Old Tenure', the government resolution will reverse the decades-old policy that restricts use of agricultural land for non-agricultural purposes.
'New tenure' is land handed over decades ago to poor farmers, who were barred from selling these plots, as these were supposed to have been their only source of livelihood.
Though conversion to old tenure was permitted after a specified period, it involved a tedious bureaucratic procedure that took years. Now the conversion will be done at the district level itself.
The policy aims to make deals hassle-free, subject to payment of a pre-determined premium.
Under the new policy, conversion can be made on payment of 80 percent of the premium on the land's market value as per the official rates effective April 1.
This will apply to both rural and urban areas.
Premium will not be levied for conversion of new tenure agriculture land to old tenure agriculture land in rural areas, though a 50 percent premium will be charged for such conversion in urban areas.
District administrations have been empowered to sanction all transactions up to Rs.10 million against the earlier limit of Rs.5 million.
Last year, the government permitted automatic conversion of 15-year-old new tenure land. The latest development is in line with this.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Vaiko protests attacks on Tamils in Sri Lanka, courts arrest
Chennai, Oct 10 (IANS) MDMK leader Vaiko Friday courted arrest here Friday, protesting against the central and state governments not doing enough to stop attacks against Tamils in Sri Lanka. [read story]
- India, China complete FTA feasibility study: Minister
New Delhi, Oct 10 (IANS) India and China have completed a feasibility study on their proposed Free Trade Agreement, a pact that will not only benefit them but also a number of other countries in the region, visiting Chinese Vice Minister of Commerce Gao Hucheng said here Friday. [read story]
- EU finally agrees on new rules for gas, energy markets
Luxembourg, Oct 10 (DPA) European Union (EU) energy ministers Friday agreed to new rules for its gas and electricity markets after a long and heated debate, diplomats said. [read story]
- Communal clashes claim three lives in Madhya Pradesh town
Bhopal, Oct 10 (IANS) At least three people were killed and 21 injured in communal clashes that broke out in Madhya Pradesh's Burhanpur town Friday, that also saw shops and houses being torched despite curfew being imposed, officials said. [read story]
- Chinese, Indian firms to sign contracts worth millions: Minister
New Delhi, Oct 10 (IANS) Chinese companies will sign trade contracts worth 'millions of dollars' with their Indian counterparts here Saturday, a Chinese minister said Friday in what appears to be the first major step by the leadership in Beijing to close the yawning trade gap between the two countries. [read story]
|
|
 |
 |
|
|
