Section 7: Permissible transfers and transfer fees therein

(i) Permissible transfer entailing - 4 - Nil transfer fees:—

(a) All transfers covered under Schedule IA and Schedule II;

(b) All transfers wherein the original plot or land was allotted under the auction process of the Corporation.

(ii) Permissible transfer entailing a non-refundable transfer fee.—

(a) All cases listed under Schedule III.

(b) All transfer within the same category and/or all transfers amongst the categories (1),

(2), (3), (4) and (5) listed below in the ascending order:—

(1) Industrial Undertaking;

(2) Institutions;

(3) Service Industry;

(4) Utilities;

(S) Commercial activity.

(iii) Any case which does not fall under the category of prohibited or permissible transfers as per these regulations shall be placed before the Board for a decision and the decision of the Board with approval of the Government shall be final and binding.

(iv) Processing fees prescribed under clause 21 would be applicable in the cases covered under clause 7 (i), (ii) & (iii) above.