Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013
The First Schedule
[See Section 31 (2 )]
Compensation for Land Owners
The following components shall constitute the minimum
compensation package to be given to those whose land is acquired and to tenants
referred to in clause (c ) of section 3 in a proportion to be decided by
the appropriate Government.
| Serial number |
Component of compensation package in respect of land acquired
under the Act |
Manner of determination of value |
Date of deter mination of value |
| 1.
|
Market value of land |
To be determined as provided under section 26. |
|
| 2.
|
Factor by which the market value is to be multipled in the
case of rural areas |
1.00 (One) to 2.00 (Two) based on the distance of project from
urban area, as may be notified by the appropriate Government |
|
| 3.
|
Factor by which the market value is to be multipled in the
case of urban areas |
1 (One). |
|
| 4.
|
Value of assets attached to land or building |
To be determined as provided under section 31. |
|
| 5.
|
Solatium |
Equivalent to one hundred per cent. of the market value of land
mentioned against serial number 1 multiplied by the factor specified against
serial number 2 for rural areas or serial number 3 for urban areas plus value
of assets attached to land or building against serial number 4 under column
(2). |
|
| 6.
|
Final award in rural areas |
Market value of land mentioned against serial number 1
multiplied by the factor specified against serial number 2 plus value of assets
attached to land or building mentioned against serial number 4 under column
(2) plus solatium mentioned against serial number 5 under column (2). |
|
| 7.
|
Final award in urban areas |
Market value of land mentioned against serial number 1
multiplied by the factor specified against serial number 3 plus value of assets
attached to land or building mentioned against serial number 4 under column
(2) plus solatium mentioned against serial number 5 under column (2). |
|
| 8.
|
Other component, if any, to be included |
|
|
NOTE.-The date on which values mentioned under column (2) are
determined should be indicated under column (4) against each serial number.
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