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Home Bare Acts Phrase: market valueRight to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, (Central) Section 26
Title: Determination of Market Value of Land by Collector
State: Central
Year: 2013
.....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.....
View Complete Act List Judgments citing this sectionRailways Act, 1989 Section 20G
Title: Criterion for Determination of Market-value of Land
State: Central
Year: 1989
.....the sale deeds registered during the preceding three years, where higher price has been paid, whichever is higher. (2) Where the provisions of sub-section (1) are not applicable for the reason that:-- (i) 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 (ii) the registered sale deeds for similar land as mentioned in clause (i) of sub-section (1) are not available for the preceding three years; or (iii) the minimum land value has not been specified under the Indian Stamp Act, 1899(2 of 1899) by the appropriate authority, the concerned State Government shall specify the floor price per unit area of the said land based on the average higher prices paid for similar type of land situated in the adjoining areas or vicinity, ascertained from not less than fifty per cent, of the sale deeds registered during the preceding three years where higher price has been paid, and the competent authority may calculate the value of the land accordingly. (3) The competent authority shall, before assessing and determining the market-value of the land being acquired under this Act,-- (a).....
View Complete Act List Judgments citing this sectionAncient and Historical Monuments and Archaeological Sites and Remains Act, 1961 Section 25
Title: Assessment of Market Value or Compensation
State: Karnataka
Year: 1961
.....the said Land Acquisition Act, the Deputy Commissioner shall be assisted by two assessors one of whom shall be a competent person nominated by the Government and one person nominated by the owner or, in case the owner fails to nominate an assessor within such reasonable time as may be fixed by the Deputy Commissioner in this behalf, by the Deputy Commissioner. (2) Notwithstanding anything contained in sub-section (1) or in the Land Acquisition Act, 1894, in determining the market value of any antiquity in respect of which an order of compulsory purchase is made under sub-section (1) of section 23, any increase in the value of the antiquity by reason of its being of historical or archeological importance shall not be taken into consideration.
View Complete Act List Judgments citing this sectionAncient Monuments and Archaeological Sites and Remains Act, 1958 Section 28
Title: Assessment of Market Value or Compensation
State: Central
Year: 1958
.....such compensation as they apply in relation to the determination and payment of compensation for any antiquity or art treasure compulsorily acquired under section 19 of that Act.] ______________________ 1. Substituted former sub-section (2) by the Antiquities and Art Treasures Act (52 of 1972), section 33 (15-04-1976). Prior to substitution sub-section (2) was as under ) Notwithstanding anything contained in subsection () or in the Land Acquisition Act1894 (1 of 1894), in determining the market value of any antiquity in respect of which an order for compulsory purchase is made under subsection () of section 23 or under quite by reason of its being of historical or archaeological importance shall not be taken into consideration
View Complete Act List Judgments citing this sectionAncient Monuments Remains Act, 1958 Section 28
Title: Assessment of Market Value or Compensation
State: Central
Year: 1958
.....the Collector in this behalf, by the Collector. 1[(2) For every antiquity in respect of which an order for compulsory acquisition has been made under sub-section (3) of section 23 or under sub-section (1) of section 26, there shall be paid compensation and the provisions of section 20 and 22 of the Antiquities and Art Treasures Act, 1972 shall, so far as may be, apply in relation to the determination and payment of such compensation as they apply in relation to the determination and payment of compensation for any antiquity or art treasure compulsorily acquired under section 19 of that Act.] ____________________________ 1. Substituted former sub-section (2) by the Antiquities and Art Treasures Act (52 of 1972), section 33 (15-04-1976). Prior to substitution sub-section (2) was as under "(2) Notwithstanding anything contained in sub- section (1) or in the Land Acquisition Act. 1894 (1 of 1894), in determining the market value of any antiquity in respect of which an order for compulsory purchase is made under sub- section (3) of section 23 or under quite by reason of its being of historical or archaeological importance shall not be taken into consideration. "
View Complete Act List Judgments citing this sectionKarnataka Court-fees and Suits Valuation Act, 1958 Section 7
Title: Determination of Market Value
State: Karnataka
Year: 1958
.....of any property, such value shall be determined as on the date of presentation of the plaint. (2) The market value of land in suits falling under section 24 (a), 24 (b), 26 (a), 27, 28, 29, 31, 35(1), 35(2), 35(3), 36, 38, 39 or 45 shall be deemed to be- (a) Where the land forms an entire estate, or a definite share of an estate, paying annual revenue to Government, or forms part of such an estate and is recorded in the Deputy Commissioner's register as separately assessed with such revenue and such revenue is permanently settled - twenty-five times the revenue so payable: (b) Where the land forms an entire estate, or a definite share of an estate, paying annual revenue to Government, or forms part of such estate and is recorded as aforesaid, and such revenue is settled, but not permanently-twelve and a half times the revenue so payable; (c) where the land pays no such revenue, or has been partially exempted from such payment, or is charged with any fixed payment in lieu of such revenue, fifteen times the net profits if any from the land during the year before the date of presenting the plaint or thirty times the revenue payable on the same extent of similar land in the.....
View Complete Act List Judgments citing this sectionAncient Monuments Preservation Act, 1904 [Repealed] Section 21
Title: Assessment of Market-value or Compensation
State: Central
Year: 1904
(l) The market-value of any property which Government is empowered to purchase at such value under this Act, or the {The words " amount of " omitted by Act 18 of 1932, s.4.}compensation to be paid by Government in respect of anything done under this Act, shall, where any dispute arises {Substituted by s.4, ibid., for " touching the amount }[in respect] of such market-value or compensation, be ascertained in the manner provided by the Land Acquisition Act, 1894, sections 3, 8 to 34, 45 to 47, 51and 52, so far as they can be made applicable: Provided that when making an inquiry under the said Land Acquisition Act, 1894, the Collector shall be assisted by two assessors' one of whom shall be a competent person nominated by the Collector, and one a person nominated by the owner or, in case the owner fails to nominate an assessor within such reasonable time as may be fixed by the Collector in this behalf, by the Collector.
View Complete Act List Judgments citing this sectionCourt-fees Act, 1870 Section 10
Title: Procedure Where Net Profits or Market-value Wrongly Estimated
State: Central
Year: 1870
(i) If in the result of any such investigation the Court finds that the net profits or market-value have or has been wrongly estimated, the Court, if the estimation has been excessive, may in its discretion refund the excess paid as such fee: but, if the estimation has been insufficient, the Court shall require the plaintiff to pay so additional fee as would have been payable had the said market-value or net profits been rightly estimated. (ii) In such case the suit shall be stayed until the additional fee is paid. If the additional fee is not paid within such time as the Court shall fix, the suit shall be dismissed. 1[* * * * *] _____________________________ 1. Clause (iii) rep. by Act 12 of 1891, Section 2 and Schedule I.
View Complete Act List Judgments citing this sectionSupply of Forest Produce by Government (Revision of Agreements) Act, 1987 Section 4
Title: The Price of Forest Produce Sold or Supplied to Purchasers Not to Exceed Market Value
State: Karnataka
Year: 1987
(1) The price for sale or supply of the forest produce, to be fixed at the time of any revision of the price under section 3 shall not exceed the market value of the forest produce at the time of such revision, as may be determined by the State Government in the prescribed manner. (2) Where the price is fixed at the time of revision for the period exceeding twelve months at a time, the State Government may provide for an annual increase in the price towards anticipated escalation in the market value of the forest produce during the period the revised price is to remain in force.
View Complete Act List Judgments citing this sectionCourt-fees Act, 1870 Section 9
Title: Power to Ascertain Net Profits or Market Value
State: Central
Year: 1870
If the Court sees reason to think that the annual net profits or the a market-value of any such land, house or garden as is mentioned in section 7, paragraphs (v) and (vi), have or has been wrongly estimated, the Court may, for the purpose of computing the fee payable in any suit therein mentioned, issue a commission to any proper person directing him to make such local or other investigation as may be necessary, and to report thereon to the Court.
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