Skip to main content
Indian Kanoon - Search engine for Indian Law
Document Fragment View
Matching Fragments
It is no doubt true that courts adopt, comparable sales
method of valuation of land while fixing the market value of the
acquired land. While fixing the market value of the acquired
land, comparable sales method of valuation is preferred than
other methods of valuation of land such as capitalization of net
income method or expert opinion method. Comparable sales
method of valuation is preferred because it furnishes the
evidence for determination of the market value of the acquired
land at which a willing purchaser would pay for the acquired
land if it had been sold in the open market at the time of issue of
notification under Section 4 of the Act." Reference can be made
to the judgment in (V. Hanumanthua Reddy Vs. Land Officer
& Mandal & ors (2003) 12 SCC 642).