These rules shall be called the Chandigarh Lease-hold of Sites and Buildings Rules, 1973.
2. They shall come into force from the date of publication in the official Gazette.
3. (1) Unless the context otherwise requires, the words and expressions used in these rules shall have the meaning assigned to them in the Capital of Punjab (Development and Regulation) Act, 1952 and the rules made thereunder.
(2) "Premium" means the price paid or promised for the transfer of a right to enjoy immovable property under these rules.
"Prescribed mode of payment" means payment by demand draft drawn on any Scheduled Bank situated at Chandigarh in favour of the Estate Officer, Chandigarh Administration or in cash upto Rs. 500 or the amount paid in cash representing 25 per cent of the premium at the time of auction.[***] "Due date" means the 10th day of the month following the month in which the amount becomes payable according to the English calendar.
4. The Chandigarh Administration may demise sites and buildings at Chandigarh on lease for 99 years. Such leases may be given by allotment or by auction in accordance with these rules.
5. For the purpose of proper planning and development and for the implementation of any scheme framed by the Chandigarh Administration, the Chief Administrator may reserve sites/buildings for groups of individuals or for persons practising any profession or carrying on any occupation, trade or business, or for the implementation of any scheme framed by the Chandigarh Administration.