Search Results Page

Search Results

1 - 8 of 8 (0.18 seconds)

Kar. Urban Water Supply & Drainage Board vs K.S. Gangadharappa & Anr on 15 April, 2009

(10) In the case of Karnataka Urban Water Supply and Drainage Board and others vs. K.S. Gangadharappa and another, (2009)11 SCC 164, the Apex Court has held that where a large area is the subject matter of acquisition, rate at which small plots are sold cannot be said to be a safe criterion. It cannot, however, be laid down as an absolute proposition that the rates fixed for the small plots cannot be the basis for fixation of the rate. For example, where there is no other material it may in appropriate cases be open to the adjudicating court to make comparison of the prices paid for small plots of land. However, in such cases necessary deductions/adjustments have to be made while determining the prices. The Apex Court further held that the rates paid for small parcels of land do not provide a useful guide for determining the market value of the land acquired. While determining the market value of the land acquired, it has to be correctly determined and paid so that there is neither unjust enrichment on the part of the acquirer nor undue deprivation on the part of the owner. The compensation must be determined by reference to the price which a willing Patna High Court FA No.816 of 1991 dt.06-03-2012 11/13 vendor might reasonably expect to receive from the willing purchaser. While considering the market value disinclination of the vendor to part with his land and the urgent necessity of the purchaser to buy it must alike be disregarded. The value of the land is not to be estimated as its value to the purchaser. But similarly this does not mean that the fact that some particular purchaser might desire the land more than others is to be disregarded. According to the Apex Court, the principles to be considered is when sale is within a reasonable time of the date of notification under Section 4(1) of the L.A. Act, it should be a bonafide transaction, it should be of the land acquired or of the land adjacent to the land acquired and it should possess similar advantages. It is only when these factors are present it can merit a consideration as a comparable case.
Supreme Court of India Cites 16 - Cited by 115 - A Pasayat - Full Document

State Of Uttar Pradesh Etc vs Smt. Ram Kumari Devi Etc on 15 February, 1996

"4. It is seen that small pieces of land of an extent of 60' x 20', 40' x 40' and 1600 sq. ft. were sold by the claimants, obviously on coming to know of the proposed acquisition. It is common knowledge that acquisition proposal would be made at an earlier point of time and finalisation of acquisition would take a long time. In the process, on becoming aware of the acquisition, obviously, these sale deeds have been brought into existence to inflate the market value. It is laid down by this Court which is a well-settled principle that it is the duty of the court to assess reasonable compensation. Burden is on the owner to prove the prevailing Patna High Court FA No.816 of 1991 dt.06-03-2012 10/13 market value. On adduction of evidence by the parties, the acid test which the court has to adopt is that the court has to sit in the armchair of a prudent purchaser, eschew feats of imagination and consider whether a reasonable prudent purchaser in the open market would offer the same price which the court is intending to fix the market value in respect of the acquired land. Since it is a compulsory acquisition, it is but the solemn duty of the court to assess reasonable compensation so as to allow the same to the owner of the land whose property has been acquired by compulsory acquisition and also to avoid needless burden on public exchequer. No feats of imagination would require to bog the mind that when 13.75 acres of land was offered for sale in an open market, no prudent man would have credulity to purchase that land on square foot basis."
Supreme Court of India Cites 5 - Cited by 293 - K Ramaswamy - Full Document
1