(I) The lease or license of highway land shall be granted on payment of rent to the State Government or the officer authorized by it in this behalf by the person to whom the lease or license, as the case may be, is granted at the rate as specified below:- Rate of rent per month in rupees = Present cost of such Highway land 5 x 12
(2) Where the lease of highway land is renewed, each renewal of the lease shall be made on payment of rent at the rate specified in sub-rule (I) and the additional charge amounting to rupees five thousand where the such highway land is up to twenty five square meters and where it exceeds twenty five square meters such additional charge shall increase further at the rate of five thousand rupees per twenty five square meters or part thereof.