What is the appropriate method to determine market value for land acquired under the Land Acquisition Act, 1894? What are the proper deductions for development and differences between freehold and leasehold in calculating compensation? What is the entitlement and calculation of interest on enhanced compensation under Sections 34 and 28 of the Act?

Key Points: - Market value should be determined using the comparable sales method with open market transactions as of the date of notification, considering factors like location, use, and proximity (!) (!) (!) . - Where exemplars are leasehold not freehold, adjustments may be needed for freehold value; deductions for development (1/3 generally, or more/less depending on layout and development) and for area smallness may apply, with percentages varying by layout type (DDA vs private/industrial) (!) (!) (!) (!) (!) (!) (!) (!) (!) (!) (!) (!) (!) (!) (!) (!) . - Interest on enhanced compensation is governed by Sections 34 and 28; Section 34 is mandatory for interest on the original compensation, and Section 28 allows interest on the excess/ enhanced amount, with rates 9% for the first year and 15% thereafter, deposit timing, and related statutory requirements (!) (!) (!) (!) (!) (!) (!) (!) .

What is the appropriate method to determine market value for land acquired under the Land Acquisition Act, 1894?

What are the proper deductions for development and differences between freehold and leasehold in calculating compensation?

What is the entitlement and calculation of interest on enhanced compensation under Sections 34 and 28 of the Act?