New Delhi/Bengaluru, May 22 -- The Supreme Court (SC) this morning directed that Transferable Development Rights (TDR) worth Rs. 3,400 crore, under the Karnataka Stamp Act, 1957, be handed over to the legal heirs of late Srikantadatta Narasimharaja Wadiyar, the scion of the erstwhile Mysore Royal Family.

The TDR pertains to 15 acres and 39 guntas of Bangalore Palace Grounds land that had been acquired by the State Government for the expansion of Ballari Road and Jayamahal Road, connecting Bengaluru city to Kempegowda International Airport.

Transferable Development Rights (TDR), after the Royal Family sells them, allows landowners and builders to build over and above the permissible Floor Area Ratio (FAR).

A Division Bench of Justices M...