Amendment status not verified — confirm the current text below against the official source.
Principles and milled of determining compensation in am: when immovable property is iequinlioned or «matted—(I) Where any immovable property is requisitioned or acquired under this Act, there shall be paid compensation the amount of which shall be determined in the manner and in accordance with the principles hereinafter set out, that is to say,— (a) where the amount of compensation can be fixed by agreement, it shall be paid in accordance with such agreement ; (h) where no such agreement can be reached, the Government shall within two months of taking possession of the property under section 4, or of the publication of the notice under sub-section (1) of section 7, as the case may be, direct the District Collector wirhln whose jut lltllcl ion the pro- perty is situate to determine the amount of compensation ; (c) on receipt of a direction under clause (b), the District (lollector shall after such inquiry as may be prescribed and such further inquiry as he considers necessary, make an award determining the amount of compensa- tion which appeais to him to be just and specifying the person or persons to whom such compensation shall be paid, and in making the award, he shall have regard to the circumstances of each case and the provisions at gun. sections (2) and (3), so far as they are applicable 3 (d) where there is a dispute as to the person or persons who are entitled to the compensation, the District Collector shall dCCide such dispute and if the District Collector finds that more persons than one are entitled to compensation, he shall apportion the amount thereol'ainong such persons. (2) The amount of compensation payable for the requisiiioning of any immovable property shall consist of —— (a) a recurring payment, in resplct of the period or requisition of a sum equal to the rent which would have been payable for the use and occupation of the immovable property if it had been taken on lease for that period; and (b) such sum or sums, if any, as may be found necessary to compen- sate the person interested for all or any ol the followmg matters, namely :— (i) pecuniary los: due to requisitioning ; (ii) txpenses on account of vacating the requisitioncd premises ; (iii) expenses on account of re-occupying the premises upoii ielcnse from requisition ; and (iv) damages (other than normal wear and tear) caused to the immovable property during the period of requisition, including the expenses that may have to be ”curred for restoring the same to the condition in which it was at the time of requisition. 192 (3) The compensation payable for the acquisition of any immovable property under section 7 shall be the price which the requisition-:d immova- ble property would have fetched in th“ open market, if it had remained in the same condition as it was at the time of requisitioning and been sold on the date of acquisition.