Sections 4, 18, 23 and 54 Land Acquisition Market Value and Potential Value Assessment ?????? Basic Method of Determining the Market Value of Applied Acquired Land Examples of adjacent land sales before and after notification under Section 4 Had to take care of that as well. The Land Acquisition Act, 1894, was to determine the market value of the land based on examples of land sales in the neighboring areas as there was a tendency to increase the land value of the area as the potential value of the land could be separated. Needless to say, such a sale would cover the probable value of the adjacent area land that was acquired simultaneously and for which different compensation formulas should be adopted, the referee court directed The amount was rightly increased by adjusting the amount. High courts in their various decisions
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