Says, new modified rates would enable the rural population to get higher prices for their lands being acquired by the government
State government adds the provision of highest multiplication factor of up to 2 to fix the market value of the property
Jalandhar, January 13, 2021: In order to benefit the rural population with the higher land compensation rates for their land being acquired by the government, Deputy Commissioner Ghanshyam Thori today directed all the competent authorities for land acquisition (CALAs) to immediately implement modified multiplication factor rates in the district.
Divulging the details, the deputy commissioner said that these multiplication factors have been modified by the state government under the Right to Fair Compensation and Transparency in Land Acquisition Act, 2013, through a notification on January 12, 2021,
He stated that according to these factors the market value of a rural property is multiplied in case the government wished to acquire it for any development project. Earlier there were only two thresholds of multiplication factor i.e. factor of 1, and 1.25, modifying which the state government has taken these factors up to 2 according to the distance of rural land from the urban body.
Now, the market value of the land will be calculated by the CALA keeping in view the newly modified factors. As per the notification, in case the land falls within 5 km from the outer boundary of any urban area in the state, the market value will be multiplied by 1.0 adding he said that the factor of 1.25 will be applicable on land within 5 Km from the outer boundary of any urban (Municipal Council/Municipal Committees/Nagar Panchayat), and the multiplication factor of 1.25 would also apply from above 5Km to 10 Km. Similarly, the factor will be 1.5 for the distance from above 10 to 15 km, 1.75 for the distance from above 15 to 20 km, and the market value will be multiplied by the factor of 2 if the land falls above 20 km away from urban areas.
Pointing out further, Competent Authority for Land Acquisition (CALA) cum SDM-2 Rahul Sindhu and District Revenue Officer cum CALA Jashanjit Singh said that the multiplication factor formula is applied to fix the market value of land in case of land acquisition. The higher the multiplication factor, the higher the market value will be adding they said that this new formula would apply to the land acquisitions where compensation award is yet to be fixed by the authorities and on all future projects. Presently, there were three major projects in the district, where compensation award fixation was due i.e. Delhi-Katra Expressway, Jalandhar Ring Road Project, and Bathinda Green Field project, the CALAs concluded.