Act 2013 - Department of Land Resources

Sec.2lTHE GAZETTE OF INDIA EXTRAORDINARY31THE FIRSTSCHEDUI,E[See section 30 (2)1CouprNserrot FoR LAND owNERSThe following components shall constitute the minimum compensation package to begiven to those whose land is acquired and to tenants referred to in clause (c) of section 3 ina proportion to be decided by the appropriate Government.SerialNo.Component of compensationpackage in respect oflandacquired under the ActManner of determinationofvalueDate ofdeterminationof value(l)Q)(3)(4)Il. Market value of land2.5.Factor by which the marketvalue is to be multiplied in thecase ofrurai areasFactor by which the marketvalue is to be multiplied in thecase of urban areasValue of assets attached toland or buildingSolatium6. Final award in rural areas7. Final award in urbdn areasTo be determined asprovided under section 26.1.00 (One) to 2.00 (Two) based on the distanceofproject from urban area, as may be notifiedby the appropriate Government.I (One).To be determined as providedunder section 29.Equivalent to one hundredper cent. ofthe market value ofland mentioned against serialnumber I multiplied by thefactor specified against serialnumber 2 for rural areas or serialnumber 3 for urban areas plusvalue ofassets attached to landor building against serialnumber 4 under column (2).Market value of land mentionedagainst serial number I multipliedby the factor specified againstserial number 2 plus value ofassets attached to land or buildingmentioned against serial number4 under column (2) plus solatiummentioned against serial number5 under colurnn (2).Market value of land mentionedagainst serial number I multipliedby the factor specified againstserial number 3 plus value ofassets attached to land or build