3 months ago
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Periodic revision of onshore guidance worth is indispensable to guarantee that farmers person just compensation during onshore acquisition and to forestall distortions successful onshore transactions, Revenue Minister Krishna Byre Gowda told the Karnataka Legislative Council connected March 11.
Replying to BJP subordinate K.S. Naveen successful the Council, the Minister said regular revision of guidance worth would assistance span the spread betwixt authoritative rates and prevailing marketplace prices, portion besides reducing the scope for unaccounted currency transactions successful onshore deals.
Pointing to the wide spread betwixt guidance worth and marketplace terms of onshore successful respective parts of Karnataka, helium said, “In immoderate areas, the guidance worth of onshore whitethorn beryllium astir ₹2 lakh portion the existent marketplace worth ranges betwixt ₹70 lakh and ₹80 lakh. Such a ample quality encourages transactions involving unaccounted money.”
Periodic revision of guidance value, helium said, would assistance align authoritative values with marketplace realities, curb achromatic wealth successful spot transactions, and guarantee that farmers person just and tenable compensation erstwhile their onshore is acquired for nationalist projects.
Compensation continues to beryllium based connected 2019 value
Mr. Naveen raised concerns that compensation successful respective onshore acquisition cases continues to beryllium calculated based connected the 2019 guidance value, adjacent though the State Government had revised the guidance worth successful 2023. He sought to cognize whether this had resulted successful fiscal nonaccomplishment to farmers whose onshore was acquired.
Responding to the query, Mr. Byre Gowda said compensation for onshore acquisition is determined successful accordance with the provisions of the Right to Fair Compensation and Transparency successful Land Acquisition, Rehabilitation and Resettlement Act, 2013.
He explained that erstwhile a preliminary notification for onshore acquisition is issued, the guidance worth applicable astatine that clip is considered for calculating compensation. Subsequent revisions to guidance worth cannot beryllium applied to specified cases.
Average of 3 years
Instead, the compensation is determined based connected either the existing guidance worth astatine the clip of notification oregon the mean worth of registered merchantability deeds successful the preceding 3 years, whichever is higher.
Mr. Naveen, however, argued that utilizing older guidance values arsenic the ground for compensation could effect successful injustice to farmers, peculiarly erstwhile onshore prices summation substantially implicit time.
Acknowledging the concern, Mr. Byre Gowda said delays successful revising guidance values could so origin hardship to farmers successful definite situations. “The authorities acquires onshore for assorted nationalist purposes. If guidance values are not revised periodically, farmers whitethorn endure losses. That is wherefore we person been advocating revision of guidance values from clip to time,” helium said.
