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Dollar Company, Madras vs Collector Of Madras on 1 May, 1975

39. The principle of the potentiality of the land was settled way- back by the Apex Court in 'Dollar Company, Madras Vs. Collector of Madras' 1975 (2) SCC 730, wherein it was held that the market value was to be judged on the principle of what a willing purchaser would pay a willing vendor and the best evidence of the value of property is the sale of the property of a recent date. Proximity to the highways and reference to piece of land sold would serve as a guide for fixing the value of the acquired land, which were factors which were necessary to be kept in mind.
Supreme Court of India Cites 5 - Cited by 103 - V R Iyer - Full Document

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

40. The said principle was further expounded in 'Chimanlal 24 of 32 ::: Downloaded on - 10-02-2020 01:48:08 ::: RFA No.1253 of 2014 & other connected appeals -25- Hargovinddas Vs. Special Land Acquisition Officer, Poona' 1988 (3) SCC 751, whereas the plus and minus factors which had to be kept in mind by the Court were delineated and the genuineness of the sale deeds and avoidance of rigged up instances had to be avoided. The plus factors included proximity to a road, frontage on a road, nearness to the developed area with regular shape and level land, which in the present case are being kept in mind, as the State itself is acquiring the land for the purpose of residential and commercial usage.
Supreme Court of India Cites 8 - Cited by 832 - M P Thakkar - Full Document

P. Ram Reddy vs Land Acquisition Officer, Hyderabad ... on 19 April, 1993

In 'P.Ram Reddy & others Vs. Land Acquisition Officer, Hydrabad Urban Development Authority, Hyderabad', 1995 (2) SCC 305, the building potentiality of the acquired land was a relevant factor which had to be kept in mind, which was not only on the date with reference under Section 4, but also with reference to the possibility of become available in the immediate or near future for better use. The situation of the acquired land in proximity to the city and the suitability for using it for residential, commercial and for industrial use and the existence of highways, public roads and benefits of advantages of educational institutions, health care centres and the surrounding areas which would come available were necessary factors which have to be kept in mind. The hypothetical lay-out of the building plan of the acquired land similar to the building plan actually made on the other similar lands had to be kept in mind and which all factors are available in the present set of appeals. Relevant portion of the said judgment reads as under:
Andhra HC (Pre-Telangana) Cites 29 - Cited by 383 - Full Document

C.R. Nagaraja Shetty vs The Special Land Acquisition Officer ... on 20 March, 2006

50. The advantages and the potentialities of the land have already been discussed in detail above. The argument as such of the State that uniform compensation as such should not have been granted is without any basis. Admittedly, no such appeals have been filed by the State and enhanced compensation stands paid, as the State was satisfied with the judgment of the Reference Court. The Apex Court in 'C.R. Nagaraja Shetty Vs. Special Land Acquisition Officer and Estate Officer', 2009 (11) SCC 80 has held that in the absence of the State appeals as such and challenge having not been raised by the State the amount could not have set aside, as awarded by the Reference Court and the High Court could have only dismissed the appeals of the landowners.
Karnataka High Court Cites 4 - Cited by 23 - H L Dattu - Full Document
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