Amendment status not verified — confirm the current text below against the official source.
Basis for dtterrmnalion of amourzt.-{1) The amount to which a person is entitled under &ection 15, m respect of any land acqutrcd under this Act, shall be an amount equal to sixty times the nt-l average monthly income • actuaily derived from such Jand during rbe petiod of five consecutive years immedJately preccdmg the ,date of publicauon of rhe notice referred to in Gection 14, such net average monthly mcome being calculated jn the manner e.nd in accordance Wtlh the prmciples set out in the Schedule. (2) The competent authority shall, afte1· holding an inquiry in the prescribed manner, determine m accordance \vith the provisions of sub .. section ( l) the amount payable in nspe<:t of the land, and publish a notice m the Gazette specifying the amount so deternuned and calling upon the owner of the land and every person inte1 estcd therein to mhmate to it before a date specified in the notice whether such owner or person agret3 to the amount so determined and, 1f ht does not so agree, what nmount he claims Ito be the ne.t average mo~1thly mcomc actually ~cn\·cd from the land. (3} The competent authority shaJl ;Jlso serve nouce to the same effect • as is mentwned in sub-section (2) on the owner of the land and on all such persons known or beheved to be mte.·csu d therein or to be entitled to act for persons .so interested, as rtsH.lc or have agents authonsed to receive service on their behalf, w1thin the State. - (4) Any person who does not agree to the amount determined by the competent authority under sub-section (2) and cla1ms a sum in excess of (hat amount may prefer an appeal to the Collector :within thirty days from the date specified m the notice referred to in that sub·section. (5) Where an appeal is preferred under sub-section (4), the Collector 5hal1, after bearing the appellant and after !U<"h further cnqUJry as may be necessary, pass such orders as be deems fit~ (6) Any person who is agg1 ieved by an order passed by the Collector under sub-sccdon (S) may prefer an .lppeal to the Board of Revenue within thirty days from the date of the order of the Collector, and the decision by the Board of H.evenue on such appeal shall be final and shall not be e. questioned in any court of law. (7) Wheie thr-re is any building on the land in respect of wh1ch the uet average monthly Income has been determined, no separate amount shall - be paid in respect of such bu1Iding · • Provided that where the owner of the land and the owner of the building on such land are different. the competent authority shall apportion the amount between the owner of the land and the owner of the building m the same proportion as the market price of the land bears t ·) the market price of the building .on the date of acqu1sttion. • • • 159 i 7 APJia. t .vnmtnt of amount.- ( 1 ) Where several pet sons cl.l irn to bo intercHted in the mnmmt deteun'incd under section 16 J Lhc compt•tcnt au tho· rity shall determine the persons who in its opinion arc entitle(l hl r~ceive it and the amount payable to each of them. (2) Jf any dispute arises as to the apportionment of tlw amount or any part thereof, or as to the persons to whom the same or ally part thereof is payable, the competent authority m.ty refer the dispute to the· dceu1ion of the Colleetor and the Collector in deciding any such dispute shall follow, a!l far as may be, the provisions of Part liT of the Kcrala Lanll .\cquisition Act, 1961 (21 of 1962).