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The Special Tahsildar (Land ... vs Kaliyammal on 22 December, 2011 cites

Administrator General Of West Bengal vs Collector, Varanasi on 16 February, 1988

"27. Administrator General of W.B. v. Collector, Varanasi [(1988) 2 SCC 150]contains a precise statement as to the concept of deducting development cost. This Court stated: (SCC p. 157, para 12) "12. It is trite proposition that prices fetched for small plots cannot form safe bases for valuation of large tracts of land as the two are not comparable properties. . The principle that evidence of market value of sales of small, developed plots is not a safe guide in valuing large extents of land has to be understood in its proper perspective. The principle requires that prices fetched for small developed plots cannot directly be adopted in valuing large extents. However, if it is shown that the large extent to be valued . is ripe for use for building purposes; that building lots that could be laid out on the land would be good selling propositions and that valuation on the basis of the method of hypothetical layout could with justification be adopted, then in valuing such small, laid out sites the valuation indicated by sale of comparable small sites in the area at or about the time of the notification would be relevant. In such a case, necessary deductions for the extent of land required for the formation of roads and other civil amenities; expenses of development of the sites by laying out roads, drains, sewers, water and electricity lines, and the interest on the outlays for the period of deferment of the realisation of the price; the profits on the venture, etc. are to be made. In Brig.
Supreme Court of India Cites 15 - Cited by 332 - Full Document

Brig. Sahib Singh Kalha And Ors. vs Amritsar Improvement Trust And Ors. on 1 October, 1981

Sahib Singh Kalha v. Amritsar Improvement Trust[(1982) 1 SCC 419], this Court indicated that deductions for land required for roads and other developmental expenses can, together, come up to as much as 53 per cent. But the prices fetched for small plots cannot directly be applied in the case of large areas, for the reason that the former reflects the 'retail' price of land and the latter the 'wholesale' price."
Supreme Court of India Cites 1 - Cited by 180 - A P Sen - Full Document

Chimanlal Hargovinddas vs Special Land Acquisition Officer, ... on 21 July, 1988

In Chimanlal Hargovinddas v. Special Land Acquisition Officer [(1988) 3 SCC 751], this Court held: (SCC pp. 755-56, para 4) "4. (15) . a large block of land will have to be developed by preparing a layout, carving out roads, leaving open space, plotting out smaller plots, waiting for purchasers (meanwhile the invested money will be blocked up) and the hazards of an entrepreneur. The factor can be discounted by making a deduction by way of an allowance at an appropriate rate ranging approximately between 20 per cent to 50 per cent to account for land required to be set apart for carving out lands and plotting out small plots. The discounting will to some extent also depend on whether it is a rural area or urban area, whether building activity is picking up, and whether waiting period during which the capital of the entrepreneur would be locked up, will be longer or shorter and the attendant hazards."
Supreme Court of India Cites 8 - Cited by 832 - M P Thakkar - Full Document
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