(1) The rate of development charges for the institution of use for residential purposes or first change of use from agricultural or present use to residential use shall be as determined by the Authority not being less than Rs.2,000 per hectare and not more than Rs.10,000 per hectare. The rate so determined shall be termed “Residential rate (land)”:
Provided that the authority shall take into account the land value generally obtaining in the local area before arriving at the residential rate (land) for such area.
(2) The rates of development charges for other uses shall be regulated in the following manner:- Category of use Rate of development charges
(1) (2) Institution or first change of use from agriculture or present use to – Industrial Commercial miscellaneous 1 ½ times residential rate (land) 2 times residential rate (land) 2/3 of residential rate (land)
(3) The rates of development charges for the second and subsequent changes in use of land shall be regulated in the following manner:- Category of use Rate of development charges
(1) (2) (A) Change from - Residential to Industrial Residential to Commercial ½ residential rate (land) Residential rate (land) (B) Change from - Industrial to commercial or commercial to industrial ½ residential rate (land) (C) Change from - Miscellaneous to residential Miscellaneous to industrial Miscellaneous to commercial ½ residential rate (land) Residential rate (land) 1 ½ times residential rate (land) (D) All other change of use 1/10 residential rate (land)