Rule 310 — GFR

Rule 310 (1) Transfer of Land. Transfer of land from a Union Territory to a Central Government Department (i.e. Ministry or Department of the Union Government including Defence, Railways, and Posts and Telegraphs) or vice versa shall be on 'no profit no loss' basis.

Rule 310 (2) Transfer of land from one Department of the Government (as defined in Rule 309) to another shall be on 'no profit no loss' basis. ‘No profit no loss’ as indicated at rules 310(1) and 310(2) above does not necessarily mean transfer being effected with ‘zero cost’. Transfer can be on the basis of mutually agreeable terms and conditions or in exchange for equal value land or payment of value of land or cost of acquisition.

Rule 310 (3) Transfer of buildings and superstructures on land shall be treated similar to transfer of land. Transfer of buildings and superstructures on land vide above shall be at the present day cost minus depreciation of these structure

(s) standing on the land. Valuation for this purpose shall be obtained from the Central Public Works Department at the time of transfer.

Rule 310 (4) The allotment of land to, and recovery of cost of buildings from the Public Sector Undertakings shall be at 'market value' as defined in paragraph - 2 of Appendix - 7.

Rule 310 (5) The transfer of land and building between the Union and State Governments shall be regulated by the provisions of Articles 294, 295, 298 and299 of the Constitution and subsidiary instructions issued by the Union Government which are reproduced as Appendix - 7. VI. CHARITABLE ENDOWMENTS AND OTHER TRUSTS