How to fix Market Value of the acquired land

their lordships of Apex court in a very simple manner again recollected the manner of fixing the Market value of the acquired land.

1. nearest and highest document is to be considered while fixing market value.
2. avoid average method while fixing market value.
3. basing on the locality and area, the price could be escalated from 5% to 20% on the market value of the selected sale deed.
4. if the it is for smaller extent, a reasonable deduction towards development charges should be given raging from 25% to 50% depending on the situation.
5. granting solatium and interest on all 3 components is must.

Reference 

http://advocatemmmohan.wordpress.com/2012/05/01/how-to-fix-market-value-of-the-acquired-land-a-clear-picture-the-apex-court-enhanced-the-compensation-the-legal-position-is-that-even-where-there-are-several-exemplars-with-reference-to-sim/