TRISHALA JAIN AND ANR. versus STATE OF UTTARANCHAL AND ANR.
Sale instances relied upon by claimants were collusive and not bona fide, so fair market value must be determined using comparable sales after deduction for development charges; a 10% deduction is just in these circumstances. Compensation is fixed at Rs. 11,70,000 per acre with statutory benefits.
Source excerpt
- Fair market value
- Compensation determination
- Belting system
- Development deduction
- Guesstimate