Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013
31. Award
of solatium.
1.
The
Collector having determined the total compensation to be paid, shall, to arrive
at the final award, impose a “Solatium” amount equivalent to one hundred per
cent. Of the compensation amount.
Explanation.- For the
removal of doubts it is hereby declared that solatium amount shall be in
addition to the compensation payable to any person whose land has been
acquired.
1.
2.
The
Collector shall issue individual awards detailing the particulars of
compensation payable and the details of payment of the compensation as
specified in the First Schedule.
3.
In
addition to the market value of the land provided under section 27, the
Collector shall, in every case, award an amount calculated at the rate of
twelve per cent. per annum on such market value for the period commencing on
and from the date of the publication of the notification of the Social Impact
Assessment study under sub-section (2) of section 4, in respect of such land,
till the date of the award of the Collector or the date of taking possession of
the land, whichever is earlier.