Land Acquisition Value
2 years ago
Our Land in Chennai was notified for acquisition under NHAI road expansion in 2005. There is no communication after that notification. Now they are coming for demolition under encroachment. Now, they are showing that the order was passed in 2006 and the value is fixed as Rs 27 / Sqft. They are asking to collect that amount and vacate the land. There was no communication on this regard till date. What action should be taken. Can we go for value enhancement.
Current market value is Rs 3500 per Sqft and guideline value is Rs 1700. Market value in 2005 was Rs 250 per Sqft.
A.Dear Client,
file a lawsuit for injunction to either stop or restrict the encroachment. Later appeal to the court seeking better compensation for the land. That is usually calculated on the present value of the land.
Hope it clarify your requirement.
Thank you.
file a lawsuit for injunction to either stop or restrict the encroachment. Later appeal to the court seeking better compensation for the land. That is usually calculated on the present value of the land.
Hope it clarify your requirement.
Thank you.
Helpful
Helpful
Share
A.Dear Client
You need to object the acquisition by sending a representation to the land acquisition officer who in tern will guide you to go to the correct forum or court. Once you have challenged that then you can also ask for the right value to be provided.
You need to object the acquisition by sending a representation to the land acquisition officer who in tern will guide you to go to the correct forum or court. Once you have challenged that then you can also ask for the right value to be provided.
Helpful
Helpful
Share
Read Related Answers
property issue
Dear Client,
Firstly you have your equal right to share of your ancestral property as per the 2005 amendment act where even women have equal right in the property. additionally nobody can threaten yo...
Property
Dear Client,
No other individual can sell your property without authentic documentation and consent. make sure you have had the right registered documents of the land and understand how the owner cou...
Covered garage
Dear Client,
The owner of a property is liable to pay the property tax levied by the local civic body i.e, the Municipal Authority. This tax may vary from one location to another and various other fac...
Government Land Occupying
Dear Client,
The Government land cannot be a subject matter of a transaction between the private parties. Instead, the Government acquires private land whenever required for public purposes under the...
Balcony extension
Dear Sir,
Yes, you can do so with the formal permission of either association people or builder. You may file representation before them and get consent.
Read Blogs on Property
Property Lawyers
Find Lawyers by Location
