Mortgage on nazul land
ABHIJEET PARIKH
(Querist) 29 August 2012
This query is : Resolved
Hi Experts
How to create a mortgage on nazul land?
This land is documented on perpetual lease
regards
abhijeet
ajay sethi
(Expert) 29 August 2012
THE NAZOOL LANDS
(TRANSFER) RULES 1956
THE NAZOOL LANDS (TRANSFER) RULES 1956
3A Mortgaged Nazool lands: - In the case of Nazool lands mortgaged with possession the mortgagers rights be transferred to the Cooperative Society of Scheduled Castes, where the land is 10 acres or more and to the individual members of Scheduled Castes where it is less than 10 acres, in the manner prescribed in rule 3 (a) and (b) and the mortgagers should pay the entire mortgage amount which would be deemed as equal to the sale price of the land, in cases where mortgage money exceeds the price to be charged by Government under rules. Where the mortgage amount is less than the price to be charged according to the rules, the difference between the two amounts should be paid to the Government and the mortgage money to the mortgagees.
ABHIJEET PARIKH
(Querist) 29 August 2012
whether the rule is applicable in delhi state ?
