15 Land Acquisition · 15.3 RFCTLARR Act 2013: compensation and R&R

15.3.4 Compensation numericals: market value, multiplier, solatium, additional amount and interest

Every compensation sum follows one order — market value (highest of s.26 criteria) × factor + assets = compensation; + 100% solatium; + 12% p.a. on market value from SIA notification; then interest at 9%/15% for late payment — and most exam errors come from applying a percentage to the wrong base.

  • MPSC ATP
  • Standard level
  • 7 min read
  • Full course

Key terms

  • compensation calculation
  • market value
  • top 50 per cent sale deeds
  • multiplier
  • assets
  • solatium 100 per cent
  • additional amount 12 per cent
  • section 30(3)
  • interest section 80
  • 9 per cent
  • 15 per cent
  • section 72
  • urgency section 40(5) 75 per cent
  • Land Acquisition Act 1894 solatium 30 per cent
  • annuity
  • numerical

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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