Land Acquisition Compensation : Deduction For Development Costs Is To Made To Arrive At Market Value Of Undeveloped Land
3 years, 3 months ago

Land Acquisition Compensation : Deduction For Development Costs Is To Made To Arrive At Market Value Of Undeveloped Land

Live Law  

In a case related to land acquisition compensation, the Supreme Court has approved the deduction of 50% towards developmental costs. Referring to precedents, the Court observed that deduction for development is to be made to arrive at the market value of large tracts of undeveloped agricultural land. ".we find that deduction towards the development cost at the rate of 50% is warranted in the facts of the present case", the Court said in it judgment. The development authority will also incur considerable expenditure for development of undeveloped land into a developed layout, which includes the cost of levelling the land, cost of providing roads, underground drainage and sewage facilities, laying water lines, electricity lines and developing parks and civil amenities, which would be about 35% of the value of the developed plot.

Development Court Land Case Cost Deduction Developed Market Value Land Acquisition Compensation  case  developed  costs  compensation  value  land  market  developmental  development  undeveloped  deduction  50  acquisition  cost  court  arrive

History of this topic

Can Smaller Land Sales Be Considered for Determining Fair & Just Land Acquisition Compensation? Supreme Court Rules in Favor of Government
Trending News
2 months, 2 weeks ago

Can Smaller Land Sales Be Considered for Determining Fair & Just Land Acquisition Compensation? Supreme Court Rules in Favor of Government

Live Law  

The Supreme Court has ruled that the sale of smaller pieces of land can be considered as an exemplar for determining fair and just land acquisition compensation. The court held that the most suitable sale deed for determining the market value should be relied upon, rather than an average of the multiple sale deeds produced before it.

Can Smaller Land Sales Be Considered for Fair & Just Land Acquisition Compensation? Supreme Court Rules in Favor of Government
2 months, 2 weeks ago

Can Smaller Land Sales Be Considered for Fair & Just Land Acquisition Compensation? Supreme Court Rules in Favor of Government

Live Law  

The Supreme Court has ruled that the sale of smaller pieces of land can be considered as an exemplar for determining fair and just land acquisition compensation. The court held that the most suitable sale deed for this purpose should be the highest valued among the multiple sale deeds, and that the value of the smaller parcels should be determined …

Land Acquisition Compensation - When Two Views Are Possible, Prefer The View Which Advances Cause Of Justice Over Technical View : Supreme Court
2 years, 3 months ago

Land Acquisition Compensation - When Two Views Are Possible, Prefer The View Which Advances Cause Of Justice Over Technical View : Supreme Court

Live Law  

The Supreme Court of India recently urged to take a view that advances the cause of justice rather than a technical view while dealing with matters on payment of compensation to land losers. It was submitted that in the order dated 29.01.2018, the Supreme Court had not directed the applicant-MTDC to deposit the entire compensation amount awarded by the Reference …

Trees To Be Valued Separately When Acquired Land Value Is Determined With Reference To Sales Statistics: Supreme Court
3 years, 3 months ago

Trees To Be Valued Separately When Acquired Land Value Is Determined With Reference To Sales Statistics: Supreme Court

Live Law  

The Supreme Court observed that the trees have to be valued separately in a case where the land value for the purpose of its acquisition is determined with reference to the sales statistics.In this case, the appellant's land was acquired under the proceedings initiated under Land Acquisition Act, 1894. The Supreme Court observed that the trees have to be valued …

Potentiality Of Acquired Land Has To Be Taken Into Consideration To Determine Market Value: Supreme Court
3 years, 9 months ago

Potentiality Of Acquired Land Has To Be Taken Into Consideration To Determine Market Value: Supreme Court

Live Law  

The Supreme Court observed that potentiality of the acquired land is one of the primary factors to be taken into consideration to determine the market value of the land.The question whether a land has potential value or not primarily depends upon its condition, situation, use to which it is put or its reasonable capability of being put and also its …

Explained | What is the furore around the land law case?
5 years, 2 months ago

Explained | What is the furore around the land law case?

The Hindu  

The story so far: At one level it is a legal issue over the interpretation of a provision in the new land acquisition law of 2013. The reason is that the judge concerned, Justice Arun Mishra, of the Supreme Court of India, had overruled a precedent that had held good for four years and given a new interpretation, but was …

Farmers Association Takes Objection To Justice Arun Mishra Heading Constitution Bench For Land Acquisition Matters
5 years, 2 months ago

Farmers Association Takes Objection To Justice Arun Mishra Heading Constitution Bench For Land Acquisition Matters

Live Law  

The All India Farmer Association has written a letter, dated October 14, to the Chief Justice of India, Ranjan Gogoi, requesting that the newly constituted Constitution Bench, headed by Justice Arun Mishra, may not hear the matters regarding the interpretation of Section 24 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act,. The All …

Discover Related