Compensation for land acquisition
Amit Bakshi
(Querist) 13 November 2012
This query is : Resolved
As per Land Acquisition Act, compensation is determined based on market value as of date of Section 4. However, I have been advised that as per Section 31-A of constitution of India, compensation should be determined based on market value as on date of dis-possession of land. Please advise.
V R SHROFF
(Expert) 13 November 2012
Market value on date of acquisition will apply.
Amit Bakshi
(Querist) 14 November 2012
So date of acquisition is which one - date of Section 4 notification or date of dis-possession ?
R.K Nanda
(Expert) 14 November 2012
date of dis-possession.
Amit Bakshi
(Querist) 15 November 2012
Thanks. This will help a lot. Could you please guide me to relevant law section or a judgement which I could use for this ?