Section 77 of The Tripura Land Revenue and Land Reforms Act, 1960
The proceeds of the sale of any property under this Chapter shall be applied in defraying the expenses of the sale which shall be determined in the prescribed manner and the balance shall be applied to the payment of the arrears on account of which the sale was held and the surplus, if any, shall be paid to the person whose property has been sold.
Summary
- The money from a land sale is used in a specific order to pay off different costs.
- First, the money pays for the expenses of the auction and sale process.
- Second, the remaining money pays the unpaid land revenue that caused the sale.
- Any money left over after these payments goes back to the original owner of the property.
Practical examples
FAQ
1. Who gets the extra money if my land sells for more than I owe under the 1960 Act?
According to Section 77 of The Tripura Land Revenue and Land Reforms Act, 1960, any surplus money left after paying sale expenses and arrears must be paid to the person whose property was sold.
2. In what order is auction money spent under Section 77 of the Act?
The money is used first for sale expenses, then for the unpaid land revenue arrears, and finally any balance is given to the original owner.
3. Does the government keep all the money from a land sale under the Tripura land law?
No, Section 77 of the Act only allows the government to keep what is needed for sale expenses and the specific arrears owed, the rest belongs to the former owner.
Test yourself
Q1.Under Section 77 of The Tripura Land Revenue and Land Reforms Act, 1960, what is the very first priority for the sale proceeds?
Q2.What happens to the "surplus" money after all debts and costs are paid under Section 77 of the 1960 Act?
Q3.Under the 1960 Act's Section 77, when is the balance of the money applied to the arrears?
Q4.Who determines the expenses of the sale mentioned in Section 77 of The Tripura Land Revenue and Land Reforms Act, 1960?