The lease shall commence from tlie date of allotment and shall be for a period of 99 years. After the expiry of 99 years, the lease may be renewed for further period on such terms and conditions as the Chandigarh Administration may decide.
1. Substituted vide Chd. Admit Gaz. (Extra) Notification dated 6-5-2003 at page 871
361Chd. Allotment of land to the Persons with Disabilities Scheme, 2001
9. Rent and consequences of non-payment, - In addition to the premium in respect of land allotted to the persons with disability or the society under this Scheme, the lessee shall pay ground rent as under;-
(i) (a) at the rate of 2-'/2% per annum of the premium for the first 33 years.
(b) at the rate of 3-7,% per annum of the premium for the remaining 33 years.
(c) at the rate of 5% per annum of the premium for the remaining 33 years
(ii) Ground rent shall be payable annually on due date without any demand from the competent authority.
Provided that the Competent Authority may for good and sufficient reasons extend the time for payment of the rent upto six months on the'wholc on further payment of additional 6% per annum interest from the due date upto the date of actual payment.
(iii) If ground rent is not paid by the due date, the lessee shall be liable to pay a penalty not exceeding 100% of the amount due which may be imposed and recovered in the manner laid down in section 8 of the Capital of Punjab (Development and Regulation) Act, 1952, as amended by Act No. 17 of 1973.