Case Law Analysis
|Bombay High Court
MLRC 1966, Tenure D | No Transfer Premium Levy on Conveyance of Perpetual Leasehold Land; 100% Change-of-Use Fee Upheld : Bombay HC
The Bombay High Court has ruled that conveyance of perpetual leasehold land classified under Tenure D does not attract any transfer premium under the Maharashtra Land Revenue Code, 1966 - a landmark clarification for Class I occupancy holders. However, a full 100% change-of-use fee remains payable when converting land to non-agricultural purposes, impacting developers and heirs of legacy leasehold properties.