Under the resolution dated August 13, 2018, the State government had taken a decision to consider the ‘ready reckoner’ (the minimum rate of property transactions notified by the government through the revenue office) as under the Maharashtra Stamp Act for determining market value of land.
Based on this rate, the government also fixed the compensation to be paid to the owners of the property acquired by the government.
However, by a corrigendum notification of September 2018, the State government exempted the Maharashtra Samruddhi Mahamarg project from the circular.
This meant that the persons entitled to compensation would not get the same value as the ready reckoner rate.
Source: Barandbench
