Amendment status not verified — confirm the current text below against the official source.
qj '[he provision of the Land Acquisition Hon of hnd!" Act, 1894 (Central Act ‘<o- I of 1894 as amended) shall be applicable for acquisition of land under this Act and the compensation shall be computed under the provisions of the same Act. (2) In computing compensation for land acqu ired, the valve will be market value as prevailed on the date of coming into force of this Act. (3) The owner of the lands will also be enti tled to the reasonable cost of development, if any made during the period- (4) Twenty five per cent increase in value on the date of acquisiticn of the land. (5) Where ‘any such land has been acquired by the State Government it may, after it has taken possession of the land, transfer the land to the Authority for the purpose for which the land has been acquired on payment by the Authority of the compensation awarded under that Act and cf the charges incurred bv the State Government in conne ction with the acquisition. oispoiing