Lawgist26Determination of market value of land by Collector
(1) The Collector shall adopt the following criteria in assessing and determining the market value of the land, namely:—
(a) the market value, if any, specified in the Indian Stamp Act, 1899 (2 of 1899) for the registration of sale deeds or agreements to sell, as the case may be, in the area, where the land is situated; or
(b) the average sale price for similar type of land situated in the nearest village or nearest vicinity area; or
(c) consented amount of compensation as agreed upon under sub-section (2) of section 2 in case of acquisition of lands for private companies or for public private partnership projects,
whichever is higher:
Provided that the date for determination of market value shall be the date on which the notification has been issued under section 11.
Explanation 1.—The average sale price referred to in clause (b) shall be determined taking into account the sale deeds or the agreements to sell registered for similar type of area in the near village or near vicinity area during immediately preceding three years of the year in which such acquisition of land is proposed to be made.
Explanation 2.—For determining the average sale price referred to in Explanation 1, one-half of the total number of sale deeds or the agreements to sell in which the highest sale price has been mentioned shall be taken into account.
Explanation 3.—While determining the market value under this section and the average sale price referred to in Explanation 1 or Explanation 2, any price paid as compensation for land acquired under the provisions of this Act on an earlier occasion in the district shall not be taken into consideration.
Explanation 4.—While determining the market value under this section and the average sale price referred to in Explanation 1 or Explanation 2, any price paid, which in the opinion of the Collector is not indicative of actual prevailing market value may be discounted for the purposes of calculating market value.
(2) The market value calculated as per sub-section (1) shall be multiplied by a factor to be specified in the First Schedule.
(3) Where the market value under sub-section (1) or sub-section (2) cannot be determined for the reason that—
(a) the land is situated in such area where the transactions in land are restricted by or under any other law for the time being in force in that area; or
(b) the registered sale deeds or agreements to sell as mentioned in clause (a) of sub-section (1) for similar land are not available for the immediately preceding three years; or
(c) the market value has not been specified under the Indian Stamp Act, 1899 (2 of 1899) by the appropriate authority,
the State Government concerned shall specify the floor price or minimum price per unit area of the said land based on the price calculated in the manner specified in sub-section (1) in respect of similar types of land situated in the immediate adjoining areas:
Provided that in a case where the Requiring Body offers its shares to the owners of the lands (whose lands have been acquired) as a part compensation, for acquisition of land, such shares in no case shall exceed twenty-five per cent, of the value so calculated under sub-section (1) or sub-section (2) or sub-section (3) as the case may be:
Provided further that the Requiring Body shall in no case compel any owner of the land (whose land has been acquired) to take its shares, the value of which is deductible in the value of the land calculated under sub-section (1):
Provided also that the Collector shall, before initiation of any land acquisition proceedings in any area, take all necessary steps to revise and update the market value of the land on the basis of the prevalent market rate in that area:
Provided also that the appropriate Government shall ensure that the market value determined for acquisition of any land or property of an educational institution established and administered by a religious or linguistic minority shall be such as would not restrict or abrogate the right to establish and administer educational institutions of their choice.
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- 1 Short title, extent and commencement
- 2 Application of Act
- 3 Definitions
- 4 Preparation of Social Impact Assessment study
- 5 Public hearing for Social Impact Assessment
- 6 Publication of Social Impact Assessment study
- 7 Appraisal of Social Impact Assessment report by an Expert Group
- 8 Examination of proposals for land acquisition and Social Impact Assessment report by appropriate Government
- 9 Exemption from Social Impact Assessment
- 10 Special provision to safeguard food security
- 11 Publication of preliminary notification and power of officers thereupon
- 12 Preliminary survey of land and power of officers to carry out survey
- 13 Payment for damage
- 14 Lapse of Social Impact Assessment report
- 15 Hearing of objections
- 16 Preparation of Rehabilitation and Resettlement Scheme by the Administrator
- 17 Review of the Rehabilitation and Resettlement Scheme
- 18 Approved Rehabilitation and Resettlement Scheme to be made public
- 19 Publication of declaration and summary of Rehabilitation and Resettlement
- 20 Land to be marked out, measured and planned including marking of specific areas
- 21 Notice to persons interested
- 22 Power to require and enforce the making of statements as to names and interests
- 23 Enquiry and land acquisition award by Collector
- 24 Land acquisition process under Act No. 1 of 1984 shall be deemed to have lapsed in certain cases
- 25 Period within which an award shall be made
- 26 Determination of market value of land by Collector
- 27 Determination of amount of compensation
- 28 Parameters to be considered by Collector in determination of award
- 29 Determination of value of things attached to land or building
- 30 Award of solatium
- 31 Rehabilitation and Resettlement Award for affected families by Collector
- 32 Provision of infrastructural amenities in resettlement area
- 33 Corrections to awards by Collector
- 34 Adjournment of enquiry
- 35 Power to summon and enforce attendance of witnesses and production of documents
- 36 Power to call for records, etc
- 37 Awards of Collector when to be final
- 38 Power to take possession of land to be acquired
- 39 Additional compensation in case of multiple displacements
- 40 Special powers in case of urgency to acquire land in certain cases
- 41 Special provisions for Scheduled Castes and Scheduled Tribes
- 42 Reservation and other benefits
- 43 Appointment of Administrator
- 44 Commissioner for rehabilitation and resettlement
- 45 Rehabilitation and resettlement committee at project level
- 46 Provisions relating to rehabilitation and resettlement to apply in case of certain persons other than specified persons
- 47 Quantification and deposit of rehabilitation and resettlement amount
- 48 Establishment of National Monitoring Committee for rehabilitation and resettlement
- 49 Reporting requirements
- 50 Establishment of State Monitoring Committee for rehabilitation and resettlement
- 51 Establishment of Land Acquisition, Rehabilitation and Resettlement Authority
- 52 Composition of Authority
- 53 Qualifications for appointment as Presiding Officer
- 54 Terms of office of Presiding Officer
- 55 Staff of Authority
- 56 Salary and allowances and other terms and conditions of service of Presiding Officers
- 57 Filling up of vacancies
- 58 Resignation and removal
- 59 Orders constituting Authority to be final and not to invalidate its proceedings
- 60 Powers of Authority and procedure before it
- 61 Proceedings before Authority to be judicial proceedings
- 62 Members and officers of Authority to be public servants
- 63 Jurisdiction of civil courts barred
- 64 Reference to Authority
- 65 Collector‘s statement to Authority
- 66 Service of notice by Authority
- 67 Restriction on scope of proceedings
- 68 Proceedings to be in public
- 69 Determination of award by Authority
- 70 Form of award
- 71 Costs
- 72 Collector may be directed to pay interest on excess compensation
- 73 Re-determination of amount of compensation on the basis of the award of the Authority
- 74 Appeal to High Court
- 75 Particulars of apportionment to be specified
- 76 Dispute as to apportionment
- 77 Payment of compensation or deposit of same in Authority
- 78 Investment of money deposited in respect of lands belonging to person incompetent to alienat
- 79 Investment of money deposited in other cases
- 80 Payment of interest
- 81 Temporary occupation of waste or arable land, procedure when difference as to compensation exist
- 82 Power to enter and take possession and compensation on restoration
- 83 Difference as to condition of land
- 84 Punishment for false information, mala fide action, etc
- 85 Penalty for contravention of provisions of Act
- 86 Offences by companies
- 87 Offences by Government departments
- 88 Cognizance of offences by court
- 89 Offences to be non-cognizable
- 90 Offences to be cognizable only on complaint filed by certain persons
- 91 Magistrate to enforce surrender
- 92 Service of notice
- 93 Completion of acquisition not compulsory, but compensation to be awarded when not completed
- 94 Acquisition of part of house or building
- 95 Acquisition of land at cost of a local authority or Requiring Body
- 96 Exemption from income-tax, stamp duty and fees
- 97 Acceptance of certified copy as evidence
- 98 Notice in case of suits for anything done in pursuance of Act
- 99 No change of purpose to be allowed
- 100 No change of ownership without permission to be allowed
- 101 Return of unutilised land
- 102 Difference in price of land when transferred for higher consideration to be shared
- 103 Provisions to be in addition to existing laws
- 104 Option of appropriate Government to lease
- 105 Provisions of this Act not to apply in certain cases or to apply with certain modifications
- 106 Power to amend Schedule
- 107 Power of State Legislatures to enact any law more beneficial to affected families
- 108 Option to affected families to avail better compensation and rehabilitation and resettlement
- 109 Power of appropriate Government to make rules
- 110 Rules made by Central Government to be laid before Parliament
- 111 Rules made by State Government to be laid before State Legislature
- 112 Previous publication of rules made by Central and State Government
- 113 Power to remove difficulties
- 114 Repeal and saving
