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Date: 2026-05-07 Category: Not Applicable State: Union Government Country: India

Amendment in Rule 309 and 310 of GFRs regarding transfer of land and buildings

Issued by Ministry of Finance · Department of Expenditure

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No.51()0/42 -0E2l.1l (A) GovernomfIe nndti a MiniosfFt irnya nce DepartomfEe xnpte nditure KartaBvhyaaw anN-e1w, Delhi Date0d5:. 05.2026 OFFICMEE MORANDUM SubjAemcetn:d mienGn etn eFrianla nRcuilae2ls0 ,1- 7r eg. Ihta sb eedne ciwdietdth ha ep proovfFa iln aMnicnei sterf otlol omwaikneg amendmientn htGe e neFrianla nRcuilae2ls0 ,1 7: ·- ·-•----•-"· ----------·--•-------·-··--·-�·----�-- Ext iisg_n_��L� _ _____ AmendeR --du ------ l ------e -- --------- Rul3e1 0( 1T)r ansoffLe arn Td.r anosffl earnf dr oam Rul e3 1O Transfer/alienation UniToenr rittoao Creyn tGroavle rnDmeepnatr tmoefnC te ntrGaolv ernmelnatn'ds (i:Mei.n iosrtD reyp artomfte hnUetn ioGno vernmsehnatbl elg overansep de rt he includDienfge ncRea,i lwaaynsd, P ostasn di nstrupcltaicaoetnAd sp pendix­ Telegroarvp ihcvsee) r sa bseoh n'a nlpolr onfoli ots s?' A &o fG7 FBR s. basis. Rul3e1 0 (2T)r anosflf aenrfd r oomn Dee partment oft hGeo vern(maedsne tf iinnRe udl 3e0 9t)oa nother shableol n ' npor onfoli ots bsa's is. 'Npor onfoil to sass'i ndicaatrt ueld3e 1s10 )(a nd 310(a2b)o vdeo enso nte cessmaeraitnlr ya nbsefienrg affewcitt'ehzd e croosT tr'a.n csafbnee ro nt hbea soifs mutually taegrramensecd ao bnldeio trii enox ncsh ange foerq uvaall luaeno drp aymeonfvt a loufle a nodrc ost of acquisition. Rul3e1 0 (3)T ransfoefr b uildianngds superstrouncl taunsrdhe asbl elt reastiemdi tloa r transoffe lra ndT.r ansfoef rb uildianngds t.uµtm,elsro nul daunvrdi daeb ovseh ablela tU ,e presentc-odsatmy i nudse precioaftt ihoens e structsutraen(dsoi)nnt gh lea nVda.l uaftoitroh ni s purpossheab lelo btaifnreodtm h eC entPruabll ic WorkDse partmaettn htte i moeft ransfer. Rul3e1O (4T)h ea llotomfle annttdoa ,n rde covery ofc osotfb uildfirnotgmhsP e u bSleicct Uonrd ertakings shableal t' marvkaeltau sed 'e fiinnpe adr ag-ra2op fh Appen-d7i.x Rul3e1O (5 )T het ranosffl earna dn db uilding betwetehnUe n ioann dS taGtoev ernmsehnatblsel regulbaytt hepedr oviosfAi rotnis2c 9l42e,9s 52 ,9 a8n d 299o ft heC onstiatnudts iuobns idiinasrtyr u_c_t ions Page 1 of 13·--.·--··-·-----·--•-.-•-·-·-- issubeytd h Uen iGoonv ernwmheinactrh re e produced asA ppen-d7i.x ···-···----· +····.·.-·-.··.··.·.·.· ·················· Append-Tirxa-n7os ffLe arna dn Bdu ildbientgwse eAnp pendi-xG-u7iAd elfionre s thUen iaonnSd t aGtoev ernment. transfer/aolfi Ceennattriaoln Governmenlta nd (new proviisnisoenr ted). Appendix-78 Other constituptrioovn1asal1n odn s subsiidnisatrryu icstsiuboeynd s theU nioGno vernmfeonrt transoffLe arn adn dB uildings betwetehneU nioann dS tate Government. 1.Thesreu laepsp ltyot het ransoffle arna dn d NoC hange buildbientgwse tehneU nioann dt heS tate Governmaennadtl sst oot hseu rretnotd heSert ate Governmoefln atnbsde lontgoRi anigl ways. Theg eneproasli tuinodneA rr ti2c9l4oe f t he Constiitstu htaaistof nr otmh ceo mmenceomfent thCeo nsti-tution (aa)lp lr opearntday s sewthsi cihm mediately befosruecc ho mmencewmeernvete stienHd i s Majefsottryh p eu rpoosfte hsGe o vernomfte hnet DominoifIo nnda inaad l plr opaenradts ys ewthsi ch immediabteeflosyru ec cho mmencewmeernet vestiendH isM ajesftotyrh ep urpoosfte h e Governmoefen atc Gho vernPorro'vsi snhcael,l vestr espect1inv tehleyU nioann dt he correspSotnadtaienn;dag l rli ghltisa,b ialnidties obligaotfti hoGeno sv ernomfet nhDteo minoifon Indainado ft hGeo vernomfee natcG ho vernor's Province,a rwihsoeiutnothgf ea rn yc ontroarct otherwsihsaebl,el t her ighltisa,b ialnidties obligarteisppnesco tfti hvGeeo lvye rnomfIe nndti a andt hGeo vernomfee natcc ho rrespSotnadtieng subjteoac ntay d justmenotrt obm ema addebe y reasooftn h cer eabteifoontr heceo mmencement oft hceo nstiotftu htDeio omni noifPo ank isotroa fn thPer ovionfWc ees,Bt e ngWaels,Pt u njaanbd EasPtu njab. Arti2c9l4ae,si se vident,t osr ueclcaetstesosi on propearstsyer,ti sg,lh itasb,i alniodtb ileisg aint ions certcaaisnoe ns lAyr;t i2c9l5oe ft hCeo nstitution whicrhe lattose u ccestsoip orno pearstsye,t s, righltisa,b ialnidot bileisg aitnoi tohncesar s es, provitdhe-ast (iA)sf rotmhc eo mmenceomfte hnCeto nstitNuotCi hoann:ge (aa)lplr opearntday s sewthsi icmhm ediately beforec osmumcehn cewmeervneet s tiend '----'�- .._.9.r1 yc:l_il§I§r1Qt_ actoer rE;spt()ora ,S cltiantge Page 2 of 13speciifnPi aerd-t Bo ft hFei rSscth edule shavlelsi tnt hUen iointf,h peu rpofsoer whiscuhc phr opearntday s sewtesrh ee ld immedibaetfeolsryue c cho mmencement witlhle rebaeftp eurr poosfet sh eU nion relattoai nnoygft hmea tteenrusm eriant ed thUen iLoins atn;d (ba)lrli ghltisa,b ialnidot bileisg aotfti hoens Governmeonft a ny IndiaSnt ate corresptooanS dtianstgpe e ciifnPi aer-dt Bo ft hFei rSscth edwuhleet,ah reirs oiuntg ofa nyc ontroaroc tth erwsihsabele,lt he riglhitasb,i alnoidbt liiegsao tfti hUoenn iso n Governmitefhn petu ,r pofsowerhs i scuhc h righwtesr ea cquiorrel di abiolrities obligawteiroein nsc urbreefdo sruec h commencewmietlnhlte rebaepf utrepro ses oft hUen iGoonv ernrmeelnattt oai nnoygf thmea tteenrusm eriantt heUedn iLoins t: subjteoac nty a greemeenntte irnetidon t hat behablyft heU nioGno vernmweinttthh e Governomfte hnSattt a te. (ii)Suasba jfeocrte tshaGeio dv,e rnomfee natc hN oC hange Stastpee ciifnPi aer'dtB o 'ft hFei rSscth edule shalals.,f rotmh ec ommenceomfet nhte Constitbuet itohnes, u ccesosfo trh e Governomfet nhcteo rrespIonnddiSiatnangt e asr egaarlpdlrs o paenradts ys eatnsad l rli ghts, liabialnidot bileisg awthieotnahsre,ir s oiuontfg anyc ontroaroc tth erwoitshete,hr a tnh ose refetroir nCe lda u(s)1e. Alplr opearntday s sewthsi,ci hn clluadnaedn d buildainndwg hsi,vc ehs itnt hSet aGtoev ernment undAerrt i2c9l4ae nsd2 95o ft hCeo nstiotru tion otherswhiabsleeal tt hdei spoofst ahrlee spective StaGtoev ernmwehnowt isbl,eal tl ibteodr itsyp ose theomfb ys almeo,r tgeatgcea.,n,t d h per oceeds thersehoafbl elc redittote hdre e venoufte hse respeScttaiGtvoeev ernments. Frotmh ceo mmenceomfte hnCeto nstitthuet ion, tranosflf aenrbd e twetehnUe n iaonnd t hSet ate Governmsehnatlb le regulabtye mdu tual agreemeexnctew phte tnh eayr aec quiurnedde r somAec tT.h eU niGoonv ernhmaevnleta diodw n thfeo llopwriinngct iobp elo ebss erivnre edg atrod certpaoiinn ts:- (i()a)Whenl anbde lontgoai p nrgi vpaatret Nyo C hange hatsob ea cquiornbe edh oaflt hfUe n ion Governamceqnuti ssihtabileola n tt he Page 3 of 13_,, ,,__,______·_�_·~ -·-~~ expenosfte h Gaotv ernment. (b) Inc asewsh erteh Uen ioGno vernmNeonC th ange requainrlyea nwdh,i icsih n o ccupation oft heS tatGeo vernmteon bte, transfteotr hreetmdh,a e m oupnaty able byt hUen iGoonv ernwmieolnrltd inarily bet hmea rkveatl oufet hlea nadn d buildiiafnn gyts,h, e reon. (c) Thea mounpta yabwlieli ln cltuhdeeN oC hange capitavlailzueoedf l anrd evenue assessoantb hlleea nwdh etnh ter ansfer causaecst luoasolsfl anrde vetnotu hee StaGtoev ernment (d) Solati1u5mp ecroe fn pta yaubnldee Sro latpiauyma bulned etrh e thLea nAdc quisAicwttii nloolnat p ptloy e xtanptr ovisioofn Lsa nd sucthr ansfers. AcquisAicttwi iolnnlo atp ply tos uch transfers. (iiL)ansdu rptlotu hsre e quireomfte hUnent iso NnoC hange Governm-eWnhte:nt hUen ioGno vernmnoent longreerq uilraendid n t hepiors sesstihoen, Governomfet hnet Sitnwa htieic ithss ituwaitleld beg ivtehnoe p tioofan s sumpionsgs esosfti hoen wholea npoyor r ttihoenrs euobfjt eotc htfe o llowing condit-ions: (at)hUen igoonv erntmheenmts eslhvabelesl thjeu dgoefws h etherr etqhuteioryr e et ain anpya rtilcaunoldrna ort ; (bi)tfh Set aGtoev ernmentt oa dsessuimree possesosfti holena ntdh,oe p titoodn os o shablele xercwiisteshdii mxno ntohfts h e datoenw hitchhUe n iGoonv ernsmiegnnti fy theiinrt enotfsi uornr entdhelera inndg; (ct)haem oupnaty afboltreh lea nwdi ilnla ll casebsei tmsa rkveatl autet hdea toef transfer; (dw)hent heS tatGeo vernmdeenstit roe assupmoes sesosfoi nolanyp ortoifto hne lansdu rrentdheersyeh dab,lee l n tittodl oed soo nlityfh vea loufte h e alsaa wn hdo ilse nomta terrieadlulbcyyet dhd ei viasnidon; (ei)fth Set aGtoev erndmoen notdt e sitroe assumpeo ssesosfia onnyl anodn t he foregtoeirnmtgsh U,en iGoonv ernwmielnlt bef reteod ispiostoe ft oa thipradr ty. Befohroew,e vseodr i,s poosfti hnlega nd, thUen iGoonv ernwmieclnoltn stuhlSett ate Governamset nott hl ee voyfg rournedon tr assessmaenndtt h ec onditiifao nnys,, subjteowc hti icsthh oublesd o ladn dth ey wilalsf, a arsp ossidbilsep,oo fst ehl ea nd subjteoct th ceo ndiwtihoinctshh Set ate Governmmeanydt e sitroie m posTeh.e UniGoonv ernamreneno tht o,w evbeoru,n d too btatihnec oncurroeftn hceSe t ate '------~---, Page 4 of 13Governimnea nlctla seasn,di nc aseosf disagretehmUeen nito n Govsehranlmle nt bet hseo ljeu dogfte h tee ramnscd o nditions tob ei mposed. (iiDie)termionafDt iisopnu atset so T itl-esN.oC hange Dispuatste ots i bteltew etehnUe n iGoonv ernment andaS taGtoev ernsmheanbltedl e termbiytn heed SupreCmoeu rt. 2. Markveatl udee fin-eMda.r kveatl uweh enO mitted appltioel da nmda yb ed efianset dh per ice whitchhle a nwdo ulfde ticsfho lidnt hoep en markseutb jteotc htge r oundo rar sesnets sment showang aiinitsnt t h ree verneugei sotrie,fr s, nog rournedno tra ssesssmheonwatng aiintst itnh ree verneugei sstuebrjtseoa,cg tr ournedn t ora ssesslmeevnaittte hdre a attew higcrho und renotra ssessimsae cnttu baelillnyeg v ioned simillaanirdnt s h nee ighbouerxchlouoaddli lng caseisn w hicshu cshi millaanrdi snt he neighbouarrhheeo lodd offgr reoeu rnedno tr assessamtfe anvto uorrau bnlfea vourraatbesle ofg rouonrda ssessmTehniitsst. h mea rket value hwahtsiob c ech r edoirdt eebdi atset dh,e casmea yb ei,n t hcea soef a ltlr ansactions betwetehSnet aGtoev ernmaenntdth sUe n ion Governomrbe enttw etehUnen iGoonv ernment anSdt aGtoev ernmoertn htResa ilways. 2. ThiOsM i asl saov ailoanwb elbes oifDt eep artomfEe xnpte nditure (\II/W\11/,do�.gqy.jn). (AvinKa.Ns ihl ankar) DirecEt.olrl,( A) Te2l4:0 1-1985 To, Secrettaoar lCilee nst Groavle rnMmiennits tries/Department. Page 5 of 13Appendix – 7A GUIDELINES -Transfer/Alienation of Central Government Land- 1. Introduction: 1.1 Land is a precious and limited natural resource and is of critical significance in the national endeavor for economic development. Therefore, its availability for various developmental purposes is of paramount importance. It is an asset where value keeps rising with time. The Central Government owns significant amounts of this valuable asset, either on free hold basis or on lease basis. In view of its limited availability and dynamics of developmental needs, the need arises on many an occasion for inter-se transfer/exchange of land amongst Departments or amongst offices of a particular Department. Question also often arises whether land is to be transferred to a Central PSE or State Government based on mutually agreed terms or to be sold outrightly to a private entity on purely commercial terms. These guidelines lay down the principles and procedures governing alienation of land belonging to the Central Government. 2. Objective: 2.1 The objective of these guidelines, therefore, is to lay down framework and conditions to be followed by the Central Government for assessment of the amount of land owned and used by them and the procedure to be followed for sale/ lease of a piece of land identified either as surplus or as required for a different public purpose or for public infrastructure/public utility project so as to ensure productive and gainful use of land and also to unlock its monetary value. 3. Definitions: (i) Central Government: Ministries/Departments of Government of India, their attached and subordinate offices, statutory authorities administered by Government of India, Central Government owned/controlled entities* and UTs without legislature. (ii) CPSEs: A company in which not less than fifty-one per cent of the paid-up share capital is held by the Central Government and Page 6 of 13includes a company which is a subsidiary company of such a company. This includes SPV companies owned 50% by Government of India and 50% by State Government. (iii) State Government: Respective State Govts and their offices/bodies including local bodies and UTs with legislature. (iv) Long-term lease: 30 years or more (including all possible/permissible periods of renewal). (v) Short-term lease: Less than 30 years or any lease other than Long-term lease. (vi) Market Value: The Market value is the value of land determined as per para 6 below keeping in view the following: a) Prevalent Guideline Value, b) Recent auction/sale of comparable land in close proximity, c) Professional valuation considering non-distress sale scenario and the encumbrance, reservation/restriction etc. (vii) Guideline Value: Minimum value notified by the government concerned for a land parcel. This involves terms such as ‘Circle Rate’, ‘Ready Reckoner Rate’ etc. used by some State governments. (viii) Market Rental Value: The rent assessed as per para 6 below based on the lease term, with reference to the market value of the property. (ix) Guideline Rental Value: The rent assessed as per para 6 below based on the lease term, with reference to the guideline value of the property. (x) Nominal Rental Value: Rs. 1/- per sqm per annum. (xi) Sale: Transfer of ownership of land in exchange for a consideration. (xii) Lease: Transfer of a right to enjoy land for a specified period, express or implied, in consideration of a premium and/or rent, while the ownership of such land remains with the lessor. * Central Government owned/controlled entities: Such institutions that fulfill the following conditions, or any other institution(s) that may be classified as such on a case-to-case basis: a) They have been established by, or with the approval of Government of India, and b) They obtain their entire budget (or majority of their budget) from Government of India, and Page 7 of 13c) They are controlled by Government of India, with Government having the power to give necessary directions to them, and d) The membership of their Governing bodies can be determined by Government of India by adding/removing/replacing Members and Chairperson, and e) Their accounts are covered by the Comptroller & Auditor General’s (CAG) audit. 4. Applicability: 4.1 The following five categories of land transfer shall be covered under this framework: S.No Type of transfer From To 1. Sale/Long term lease Central Government Central Government 2. Sale/Long term lease Central Government CPSEs 3. Sale/Long term lease Central Government State Government 4. Sale/Long term lease Central Government Any other entity 5. Short term lease Central Government Central Government, CPSEs, State Govt. or any other entity 5. Exemptions: (i) This framework will not cover land/buildings to be acquired or disposed of where specific provisions exist under statute/law. (ii) Any land transfer/lease covered by existing policies of Ministries/Departments as on 1st March, 2026 will continue under that policy / guideline. 6. Valuation: 6.1 The value at which the land transaction is to be done will be determined by NLMC. For this purpose, NLMC may charge a fee from the requesting Ministry/Department. The following land values would be Page 8 of 13determined and made available by NLMC as per the nature of the land transfer: (i) Sale of land: a) Guideline Value/ Circle Rate/ Ready Reckoner Rate / (hereinafter referred to as ‘Guideline Value’) – NLMC may take the highest Guideline Value issued by the State/UT during the previous three years. b) Market Value (ii) Leasing of land: a) Market Rental Value b) Guideline Rental Value Note: The valuation report to be submitted by NLMC under these guidelines shall not require the approval of the Alternative Mechanism. 6.2 In addition to the NLMC, any other Government of India entity or CPSE which carries out valuation could also be engaged subject to such entity/CPSE: (a)* empaneling and then engaging such professional valuers# for this purpose, and (b) not being under the administrative control/domain of the Ministries/Departments which are parties to the land transaction *Condition (a) would not apply to CPWD. #Professional Valuer: An individual entity registered as a valuer under the provisions of the Companies Act, 2013. 7. Assessment of need: In cases of land transfer covered at Sl. No. 1 & 2 of table at para 4 above, Ministries/Departments may ensure that proposal for transfer of land is supported by concrete plans or projects with a clear timeline for execution. To ensure fairness of the process, Secretary (Expenditure), may carry out Inter-Ministry consultation on a case-to-case basis keeping in mind the opportunity cost, competing demands and alternative uses of land. 8. Competent Authority and value to be considered for transfer of Land: Page 9 of 13S. Type of From To Approving Pricing No Transfer Authority 1. Sale/Lo Central Central Transferor Through Book Transfer/ ng term Government Government Administrative Nominal Rental Value OR lease Ministry with through Budget the prior allocation (at Guideline concurrence value/Guideline Rental of Ministry of Value) Finance 2. Sale/Lo Central CPSEs Transferor Where CPSE is 100% ng term Government Administrative Government of India lease Ministry with owned: the prior For public purpose: At concurrence Guideline of Ministry of Value/Guideline Rental Finance Value Other than public purpose: Market Value/Market Rental Value For other CPSEs: Market Value /Market Rental Value 3. Sale/Lo Central State Cabinet Public Purpose: ng term Government Government Guideline Value/ lease Guideline Rental Value Non-public Purpose: Market Value / Market Rental Value Page 10 of 134. Sale/Lo Central Any other Cabinet Transparent ng term Government entity competitive bidding: lease Reserve price to be based on Market Value/Market Rental Value determined as per para 6 above. 5. Short Central Central Transferor Public Purpose: term Government Government Administrative Guideline Rental Value lease , CPSEs, Ministry with State Govt. the prior concurrence or any other Non-public Purpose: of Ministry of entity Market Rental Value Finance 9. Transfer of CPSE land*: Policy for transfer of CPSE land to any entity through sale/long term lease or short-term lease shall be formulated by Department of Public Enterprises (DPE). Until then the existing provisions of GFRs, 2017 shall continue to be followed. *CPSEs under Ministry of Steel shall follow the instructions issued by their Administrative Ministry, until a policy is formulated by DPE, as above. 10. Transfer of buildings and superstructures on land shall be treated similar to transfer of land. Transfer of buildings and superstructures on land shall be at the present-day cost minus depreciation of these structure(s) standing on the land. Valuation for this purpose shall be obtained in accordance with para 6 above. 11. If any question, not covered in these guidelines, in regard to land alienation arises, the same shall be taken up with the Ministry of Finance, Department of Expenditure for an appropriate course of action. *** Page 11 of 13Appendix – 7B Other constitutional provisions and subsidiary instructions issued by the Union Government for transfer of Land and Buildings between the Union and State Government These rules apply to the transfer of land and buildings between the Union and the State Governments and also to the surrender to the State Governments of land belonging to Railways. The general position under Article 294 of the Constitution is that as from the commencement of the Constitution – (a) all property and assets which immediately before such commencement were vested in His Majesty for the purposes of the Government of the Dominion of India and all property and assets which immediately before such commencement were vested in His Majesty for the purpose of the Government of each Governor’s Province, shall vest respectively in the Union and the corresponding State; and all rights, liabilities and obligations of the Government of the Dominion of India and of the Government of each Governor’s Province, whether arising out of any contract or otherwise, shall be the rights, liabilities and obligations respectively of the Government of India and the Government of each corresponding State subject to any adjustment made or to be made by reason of the creation before the commencement of the constitution of the Dominion of Pakistan or of the Province, of West Bengal, West Punjab and East Punjab. Article 294, as is evident, relates to succession to property, assets, rights, liabilities and obligations in certain cases only; Article 295 of the Constitution which relate to succession to property, assets, rights, liabilities and obligations in other cases, provides that – (i) As from the commencement of the Constitution: (a) all property and assets which immediately before such commencement were vested in any Indian State corresponding to a State specified in Part -B of the First Schedule shall vest in the Union, if the purpose for which such property and assets were held immediately before such commencement will thereafter be purposes of the Union relating to any of the matters enumerated in the Union List; and (b) all rights, liabilities and obligations of the Government of any Indian State corresponding to a State specified in Part -B of the First Schedule, whether arising out of any contract or otherwise, shall be the rights, liabilities and obligations of the Union Government, if the purposes for which such rights were acquired or liabilities or obligations were incurred before such commencement will thereafter be purposes of the Union Government relating to any of the matters enumerated in the Union List: subject to any agreement entered into in that behalf by the Union Government with the Government of that State. (ii) Subject as aforesaid, the Government of each State specified in Part ‘B’ of the First Schedule shall, as from the commencement of the Constitution, be the successor of the Government of the corresponding Indian State as regards all property and assets and all rights, liabilities and obligations, whether arising out of any contract or otherwise, other than those referred to in Clause (1). All property and assets, which include land and buildings, and which vest in the State Government under Articles 294 and 295 of the Constitution or otherwise shall be at the disposal of the respective State Governments, who will be at liberty to dispose them of by sale, mortgage, etc., and the proceeds thereof shall be credited to the revenues of the respective State Governments. Page 12 of 13From the commencement of the Constitution, the transfer of land between the Union and the State Government shall be regulated by mutual agreement except when they are acquired under some Act. The Union Government have laid down the following principles to be observed in regard to certain points: (i) (a) When land belonging to a private party has to be acquired on behalf of the Union Government acquisition shall be at the expense of that Government. (b) In cases where the Union Government require any land, which is in occupation of the State Government, to be transferred to them, the amount payable by the Union Government will ordinarily be the market value of the land and buildings, if any, thereon. (c) The amount payable will include the capitalized value of land revenue assessable on the land when the transfer causes actual loss of land revenue to the State Government. (d) Solatium payable under the extant provisions of Land Acquisition Act will not apply to such transfers. (ii) Land surplus to the requirements of the Union Government: - When the Union Government no longer required land in their possession, the Government of the State in which it is situated will be given the option of assuming possession of the whole or any portion thereof subject to the following conditions: - (a) the Union government themselves shall be the judges of whether they require to retain any particular land or not; (b) if the State Government desire to assume possession of the land, the option to do so shall be exercised within six months of the date on which the Union Government signify their intention of surrendering the land; (c) the amount payable for the land will in all cases be its market value at the date of transfer; (d) when the State Government desire to assume possession of only a portion of the land surrendered, they shall be entitled to do so only if the value of the land as a whole is not materially reduced by the division; and (e) if the State Government do not desire to assume possession of any land on the foregoing terms, the Union Government will be free to dispose it of to a third party. Before, however, so disposing of the land, the Union Government will consult the State Government as to the levy of ground rent or assessment and the conditions, if any, subject to which it should be sold and they will, as far as possible, dispose of the land subject to the conditions which the State Government may desire to impose. The Union Government are not, however, bound to obtain the concurrence of the State Government in all cases, and in cases of disagreement the Union Government shall be the sole judge of the terms and conditions to be imposed. (iii) Determination of Disputes as to Titles - Disputes as to title between the Union Government and a State Government shall be determined by the Supreme Court. Page 13 of 13

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