Amendment status not verified — confirm the current text below against the official source.
The price payable by the cultivating tenant for the purchase of the right, title and interest of the landowner and the intermediaries, if any, shall be the aggregate of-- (i) sixteen times the fair rent in respect of the holding or part thereof to which the purchase relates; (ii) the value of structures, wells and embankments of a permanent nature belonging to the landowner or the intermediaries, if any; and (iii) one-half of the value of timber trees belonging to the landowner or the intermediaries, if any: [Provided that where the aggregate of the value of structures, wells, and embankments and one-half of the value timber trees referred to in clauses (ii) and (iii) exceeds sixteen times the fair rent in respect of the holding or part thereof to which the purchase relates, such aggregate value shall, for the purpose of calculating the purchase price, be limited to sixteen times, such fair rent.] Explanation:-- For the purposes of this section, where rent is payable in kind, the money value of the rent shall be computed at the average of the prices of the commodity for the six years immediately preceding the year of determination of the purchase price, and, in calculating the average of the prices, the prices, if any, published under section 43 may also be taken into account. Inserted by Act 35 of 1969, published in K.G.Ext. No. 295 dt. 17/12/1969 (w.e.f. 01/01/1970).