11.1.3 MRTP Act Sections 124E–124F: assessment, payment, interest, recovery and exemptions

Under s.124E the person developing land applies for assessment, the Authority assesses after a report and a hearing, and the amount must be paid within 30 days, failing which 12% a year interest runs (18% before Mah. 44 of 2025); unpaid charge is a first charge on the property, recoverable as arrears of land revenue; s.124F gives full exemption to Government and local authority land and partial exemption by notification for named institutions and townships.