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Payment for betterment.
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72.—(1) Whenever the value of any property is increased by the coming into operation or enforcement of any provision contained in a planning scheme or by the execution of any work by the responsible authority in pursuance of any such provision, every person having any estate or interest in such property shall be liable to pay to the responsible authority, on application by the responsible authority, a sum (in this Act referred to as payment for betterment) equal to three-fourths of the amount (if any) by which the value of the estate or interest of such person in such property is so increased.
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(2) Every application by a responsible authority for payment for betterment shall be made, in the case of a claim in respect of the coming into operation or enforcement of a provision contained in a planning scheme, within twelve months (or such longer period as shall be fixed by such planning scheme) after such enforcement or coming into operation (as the case may be) or, in the case of a claim in respect of the execution of work, within twelve months (or such longer period as shall be fixed by such planning scheme) after the completion of such work.
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(3) Whenever a responsible authority makes an application under this section for payment of betterment, such authority shall, within one week after making such application, enter the prescribed particulars of such application in the register, and, if such responsible authority does not so enter such particulars, such application shall, at the expiration of such week, be and be deemed always to have been null and void.
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