Sir, I have property of 233 Sq.Yds yards with existing 30ft road. The 30 ft road is going be extended to 100 ft as per HMDA master plan. I may be loose all 233 Sq yards on extension. The current value as per local registration office is 7000/- per square yards. The open market value is 50000/- per square yard. As per new Land Acquisition bill may I know how much compensation I can get? The property is in Hyderabad, Telangana and is a corporation and it is urban. Will I get the which compensation per square yards please let me know.
as per new land acquisition Act , in u rban areas, compensation is twice the market value of the property, plus 100% solatium on this amount
2) Market value' is determined based on sales and purchases made at sub-registrar offices
3) Section 30 of the Act of 2013 makes a provision for awarding solatium @ 100% of the total compensation which is required to be paid
Hi, it is advisable to file a writ in high court and obtain a stay order on the state notification
As per the market value of the property you will get compensation determined by the collector.
Section 26 and section 29 along with schedule one of the ACT REFERS that for urban areas the compensation shall be according to the market value determined by collector.
Also of any building or anything attached to land separate compensation according section for that .
The collector shall determine the market value in accordance to section 26 of the act in urban areas it shall be only available on multiple of one that is same as market value according to schedule one.
Further under section 30 you shall receive a Solatium equal to 100 percent of total amount of compensation. Along with the interest of 12 percent per annum. from date of publication of notification till date of possesion
1) You will get compensation as per government rate, as per the GR passed by Telangana Government.
2) You can ask to government give your land FSI. that is TDR, let them take land on government rate and plus TDR.
As per new act you are entitled to twice the market value of property and 100% solatium on the amount.
Please go through Section 29, 31 of
Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013.
If they give you less compensation approach Metropolitan Magistrate court seeking enhanced compensation.
Yes you will get compensation as per square yard and as per the prevalent market rate
Alongwith that you will also get compensation for the social impact that the acquisition will have on you
If you do not get proper compensation then you may file a petition before the appropriate authority
Regards
At any time your land is acquired, you will be entitled to the compensation which shall be determined on the basis of the market value of the land, to be determined as on the date of preliminary notification. The market value of the proposed land under Section 26 of the new land acquisition act to be acquired shall be set as the higher of:
• the minimum land value, if any, specified in the Indian Stamp Act, 1899 for the registration of sale deeds in the area, where the land is situated; or
• the average of the sale price for similar type of land being acquired, ascertained from the highest fifty per cent of the sale deeds registered during the preceding three years in the nearest village or nearest vicinity of the land being acquired.; or
• the consented amount in case the land is acquired for private companies or public private partnership projects.
The market value would be multiplied by a factor of, at least one to two times the market value for land acquired in rural areas and at least one times the market value for land acquired in urban areas.
Dear Sir,
It all depends upon Government policy and you may please with drew the compensation whatever they give immediately under protest and then you can go for enhanced rate of compensation.
Government or governmental agency may acquire land of an individual owner for some public purpose. In these cases the owner is entitled for compensation of property and losses incurred or even of lost profit.
compensation based on the market value of the land
The total minimum compensation should be:
at least 4 times the market value for land acquired in rural areas
at least 2 times the market value for land acquired in urban areas
Those who own the land and those whose incomes depend on it, are also to be compensated.
Awards of compensation to people whose land was acquired under the terms of the new land acquisition law may not be fair since circle rates on which the awards are based barely take into account the impact of factors like inflation
