Sections 4, 18 and 23 Determine the Market Value Methods for Land Acquisition Market value acquisition, determining the market value of persons who were not interested in the land, to determine the amount of compensation. I had to guess. Principles in section 23 of the Land Acquisition Act. 1894, under which the owner was entitled to receive the value of his land fixed in respect of the potential use from which he would receive the best return and not by reference to his present use and the compensation of the land acquired pursuant thereto. The price you have to set is what a ready shopper can expect to get from a suitable buyer appropriately
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