Section 20G of RA, 1989 : Section 20G: Criterion For Determination Of Market-Value Of Land

Explanation using Example

Imagine a situation where the government needs to acquire land to build a new railway line. The land in question is owned by Mrs. Sharma, who has a small farm on the outskirts of a rapidly developing city. The competent authority, as per Section 20G of The Railways Act, 1989, must determine the market value of Mrs. Sharma's land to ensure fair compensation.

The competent authority starts by looking at the minimum land value specified for registration of sale deeds under the Indian Stamp Act, 1899, in Mrs. Sharma's area. They find that the specified value is quite low because the last revision was several years ago. Next, they look at sale price...

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