MPSC ATP · Study notes
Land acquisition and valuation notes for MPSC ATP
47 notes in 9 chapters. Open a chapter, or go straight to a note.
15.1 Foundations of land acquisition law 3
- 15.1.1Eminent domain and the constitutional basis of acquisition: Article 300A and the right to propertyRead here
- 15.1.2Land Acquisition Act 1894: key sections, timelines, solatium and Section 24 transition to the 2013 Act
- 15.1.3RFCTLARR Act 2013 Sections 1–3: application, public purpose and consent thresholds (s.2)
15.2 RFCTLARR Act 2013: acquisition procedure 5
- 15.2.1RFCTLARR Sections 4–10 and 14: Social Impact Assessment, Expert Group, food-security safeguard and SIA lapse
- 15.2.2RFCTLARR Sections 11–15: preliminary notification, its effect, survey and objections
- 15.2.3RFCTLARR Sections 16–20: R&R scheme, declaration (s.19) and marking of land
- 15.2.4RFCTLARR Sections 21–25: notice to persons interested, enquiry, award and time limit for award
- 15.2.5RFCTLARR Sections 33–39: correction of award, possession and additional compensation
15.3 RFCTLARR Act 2013: compensation and R&R 5
- 15.3.1RFCTLARR Section 26: market value of land and the material date
- 15.3.2RFCTLARR Sections 27–28 and First Schedule: multiplier factor, severance and injurious affection
- 15.3.3RFCTLARR Sections 29–30: assets attached to land, 100% solatium and 12% additional amount
- 15.3.4Compensation numericals: market value, multiplier, solatium, additional amount and interest
- 15.3.5RFCTLARR Sections 31–50: R&R entitlements (Second and Third Schedules), Scheduled Areas and R&R Committees
15.4 RFCTLARR Act 2013: urgency, Authority and miscellaneous 5
- 15.4.1RFCTLARR Section 40: urgency acquisition and its extra compensation
- 15.4.2RFCTLARR Sections 51–74: LARR Authority – composition, reference (s.64) and appeal to High Court
- 15.4.3RFCTLARR Sections 75–84: apportionment, payment, deposit and interest
- 15.4.4RFCTLARR Sections 93–105: withdrawal, tax exemption (s.96), change of purpose, return of unutilised land and Fourth Schedule
- 15.4.5Maharashtra amendments 2018 and RFCTLARR (Maharashtra) Rules 2014: s.10A exemption, consent award and lump-sum R&R
15.5 Other routes to acquire land 3
16.1 Valuation principles and terminology 6
- 16.1.1Valuation: definition, purposes and the role of the valuerRead here
- 16.1.2Value, cost and price: kinds of value – market, book, salvage, scrap, assessed and reversionary
- 16.1.3Characteristics of landed property and factors affecting demand and value
- 16.1.4Interests in land: freehold, leasehold, life interest, licence and easements
- 16.1.5Rent and outgoings: rack, ground, head and standard rent; gross and net income
- 16.1.6Rates of interest, capitalisation and capital value
17.1 Valuation tables 5
- 17.1.1Amount of Re 1 and amount of Re 1 per annum: compound interest tablesRead here
- 17.1.2Present value of Re 1 and present value of an annuity
- 17.1.3Annual sinking fund and its coefficient
- 17.1.4Years' purchase: single rate, dual rate and in perpetuity
- 17.1.5Valuation-table numericals: reversions, deferred values and leasehold interests
18.1 Methods of valuation 9
- 18.1.1Methods of valuation: classification and choosing a methodRead here
- 18.1.2Rental (investment) method and rateable value for property tax
- 18.1.3Comparison (sales) method and genuine sale instances
- 18.1.4Belting method, frontage, return frontage, corner plots and plottage
- 18.1.5Land and building (contractor's or cost) method
- 18.1.6Development and residual methods: hypothetical layout and hypothetical building
- 18.1.7Profits method
- 18.1.8Depreciation: straight line, sinking fund and constant percentage methods; obsolescence
- 18.1.9Valuing agricultural land: jirayat and bagayat classes, yield and capitalisation of net income
19.1 Annual Statement of Rates and stamp duty 6
- 19.1.1Maharashtra Stamp Act 1958: instrument, conveyance, market value (s.2) and the ASR as the measure of true market valueRead here
- 19.1.2Maharashtra Stamp Act Sections 31–39, 47 and 59: adjudication, reference to the Collector (s.32A), impounding and penalty
- 19.1.3Bombay Stamp (Determination of True Market Value of Property) Rules 1995: preparation, approval and publication of the ASR
- 19.1.4ASR zones and guidelines: built-up rates, floor, parking, corner plots and TDR/FSI valuation
- 19.1.5Bulk land and agricultural land in the ASR: slab-wise deductions and probable NA zones
- 19.1.6ASR depreciation table and construction cost rates
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