Chandigarh (Sale of Sites and Buildings) Rules, 1960 4

Section 4 · Sale Price

- [Section 22 (2) (c)] - (1) In the case of sale by allotment [or by hire purchase agreement] [Inserted vide Chandigarh Administration, Notification No. U.T. 492-F2- 72/2488 dated 17th February, 1972.] sale price shall be the reserve price, which shall be determined by the [Central Government] [Substituted for the words 'State Government' by the Punjab Reorganisation (Chandigarh) (Adaptation of Laws on State and Concurrent Subjects) Order, 1968.] from time to time.

(2)

In case of sale by auction, the sale price shall be the reserve price or any higher price determined as a result of bidding in open auction.

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