Amendment in notification no F.4(4)FD/Tax/2015-226 dated 09.03.2015 for revision of rates of industrial lands, solar, wind and hybrid power plant lands

No: F.5(18)FD/Tax/2015-122 Dated: Jan, 27 2020

GOVERNMENT OF RAJASTHAN

FINANCE DEPARTMENT

(TAX DIVISION) 

NOTIFICATION

Jaipur, Dated; 27,01.2020  

In exercise of the powers conferred by clause (b) of sub-rule (1) and sub-rule (4) of rule 58 of the Rajasthan Stamp Rules, 2004, the State Government hereby makes the following amendments in this department’s notification.number F.4(4)FD/ Tax/2015-226 dated 09,3.2015, as amended from time to time, namely:- 

AMENDMENTS 

In the said notification,-

(i) in clause 1, the existing sub-clause (ii) shall be substituted by the following, namely:-

"(ii) equal to three times of the rates of agriculture land of that area in other cases but if such rates are more than the rates determined by RIICO in nearest RIICO Industrial Area then equal to the rates determined by RIICO in that nearest RIICO Industrial Area.

Explanation: (i) The above rates shall also be applicable on the matters pending before the Collector (Stamps) or any other court.

(ii) Stamp duty already paid shall not be refunded,"; and

(ii) after the existing clause 1-A and before the existing clause 2, the following new clause shall be inserted, namely:- "1-B. Rates of land for Solar Power Plant, Solar Park, Wind Power Plant or Hybrid Power Plant purposes Rates of land converted for Solar Power Plant, Solar Park, Wind Power Plant or Hybrid Power Plant purposes or agriculture land being used for Solar Power Plant, Solar Park, Wind Power Plant or Hybrid Power Plant purposes shall be equal to two times of the rates of agriculture land of that area but if such rates are more than the rates determined by RIICO in nearest RIICO Industrial Area then equal to the rates determined by RIICO in that nearest RIICO Industrial Area." 

[No.F.5(l 8)FD/Tax/2015- 122]

By Order of the Governor, 

(Nishant Jain)

Joint Secretary to the Government