Under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (RFCTLARR Act), if your land is being acquired by the government for public purposes, including the construction of roads, you are entitled to fair compensation and rehabilitation and resettlement benefits.
To claim compensation for the acquisition of your land, you would need to follow the process outlined in the RFCTLARR Act. Here are the general steps involved:
Notification: The government will issue a notification declaring its intention to acquire the land. This notification will include details of the land and the purpose of acquisition.
Social Impact Assessment (SIA): The government will conduct a Social Impact Assessment to assess the impact of the acquisition on the affected persons and determine the extent of compensation and rehabilitation measures required.
Rehabilitation and Resettlement (R&R) Plan: Based on the SIA, the government will prepare a Rehabilitation and Resettlement Plan, which outlines the measures and benefits that will be provided to the affected persons.
Hearing and objections: You will have the opportunity to present your objections to the acquisition and the proposed compensation and rehabilitation measures at a hearing conducted by the relevant authorities.
Award: After considering the objections, the government will issue an award specifying the compensation amount and the rehabilitation and resettlement benefits that you are entitled to receive.
Compensation payment: The compensation amount will be determined based on the market value of the land. The RFCTLARR Act requires that the compensation amount should not be less than the market value, and it may include additional amounts for other losses, such as the value of structures and trees on the land. The compensation is generally paid in cash, through a cheque or direct bank transfer.
Regarding the difference between the Guideline Value and Market Value, it is important to note that the compensation is generally based on the market value of the land. The market value represents the prevailing rates at which similar properties are being transacted in the area. The compensation amount should be determined based on a proper assessment of the market value.