Amendment status not verified — confirm the current text below against the official source.
Determination of amount of compensation. (1) The Collector having determined the market value of the land to be acquired shall calculate the total amount of compensation to be paid to the land owner (whose land has been acquired) by including all assets attached to the land. (2) The Collector may also determine the amount of compensation on the basis of written consented amount as agreed by the land owner. Provided that the consented amount shall not exceed the market value of the land. Provided further that the Collector shall ensure that the land holder, while giving such written consent, has clearly understood the benefits to which he is entitled had the land been acquired in accordance with the provisions of this Act, and that the written consent granted by him was given of his own volition and free will without any compulsion or intimidation from any person, and recorded the same in writing.