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MIDC Circulars / Guidelines.

Transfer Charges On ULC Exempted Plots In Maharashtra Industrial Leasehold Land

Charges on ULC Exempted plots

The Urban Land ceiling Act (ULCRA) was introduced during Prime Minister Indira Gandhi’s regime. It had come into force on February 17, 1976 to prevent hoarding of land and facilitate the government in executing social and common welfare schemes. In Maharashtra, MIDC ( Maharashtra Industrial Development Corporation) grants Industrial Land on Leasehold basis for a period of 95 years. The government gives liberty of transferring Leasehold rights by charging transfer fees @10 % of the differential premium. On 3rd Feb 2018 Government of Maharashtra has issued a GR on applicability of Transfer Charges on ULC Exempted plots.

Salient Features Of GR Charges on ULC Exempted plots InMaharashtra

The salient feature of the Transfer Charges On ULC Exempted Plots In Maharashtra are as under :

  • MIDC plot holder who has availed the exemption under section 20 of Urban Land (Ceiling and Regulation) Act, 1976 and wants to transfer the plot for industrial use has to pay 25% of the prevailing ready reckoner rate of the area as transfer fee .
  • Transfer Fee will be divided in the ratio of 60:40, 60 % will go to the state government & 40 % will go to MIDC.

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