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Urban Assessment or ground ren'. sliai) be reiili^ed at the rale ol iwo and half percent of residential pnce ni case of Sand to be used for resi- 36 Rajasthan Urban Areas (Permission )Rules, 2012 dential, educational, social and charitable institutions, medical clinics and nursing homes, Tourism unit, Multiplex unit and Auditorium pur poses and five percent of residential price in case of land to be used for commercial and other purposes:
Provided that the allottee may, if he so desires, deposit one time urban assessment or ground rent which would be equal to eight times of flill yearly urban assessment, including the year in which the payment is made. Such a payment would exempt the allottee or transferee from further liability of payment of urban assessment on the leased property.
Explanation: In this Chapter "residential pnce" means the price equal to four times of the premium prescribed for residential use of land.
(2) Forty percentage of the collected amount of urban assess ment or ground rent may be retained by the Local Authority as a ser vice charge for the collection and sixty percent amount shall be deposiicd with Government as Government receipts.
(3 j The urban assessment or ground rent once fixed under these rules shall be liable to revision after every fifteen years and also at such transfer by sale or gift or otherwise and such increase shall at each stage be twenty five percent of the urban assessment or ground rent at the lime of such revision or transfer, as the case may be.
21. Deposit of premium and Urban Assessment- The amount ol premium or urban assessment or interest shall be deposited under llie relevant revenue receipt head of the State Government or Local Amhnrity applicable and as specified by the state Government, from time to time.