The Punjab cabinet on Friday gave its nod to the revised policy for regularisation of unauthorised colonies, reducing the rates of composition and regularisation fees, besides simplifying the procedure.
As per the decision, the composition fee for regularising the unauthorised colonies has been linked with the collector rate to remove the ambiguity among different zones. Now 0.5% of the collector rate (as on April 1, 2013) would be charged for compounding of colonies established before 2007 with the minimum cap of Rs 25,000 per acre and maximum Rs 1 lakh per acre.
Besides, 2% of the collector rate would be charged for colonies established after 2007 with the minimum cap of Rs 1 lakh per acre and a maximum cap of Rs 5 lakh per acre.
However, the charges for colonies with an area above 20 acres, the composition fee would be 5% of the collector rate for colonies established after August 17, 2007. The residential plots measuring up to 50 sq yards in all residential colonies and plots up to 100 sq yards in slum areas will be exempted under this policy. Separate rates have been fixed for regularisation of industrial and commercial colonies and plots/buildings, reducing the charges.
By linking the composition fee with collector rates the ambiguity created by establishing different zones in the earlier policy had also been removed. Overlapping of two zones would not be any problem in this policy.
The composition fee for regularisation of unauthorised colonies falling under category A-III has been reduced from 25% of the total composition fee to 10%, keeping in view the fact that the coloniser has to pay various charges like change of land use as per present rates to get licence for the colony.