Compensation and evaluation of building
syed niaz ahmed shah
(Querist) 29 June 2012
This query is : Open
my property is situated in Jammu J&K.
The government is taking over the property because of flyover being constructed under Asian development Bank loan.
The government is rehabilitating by giving land at different place, while asked R&B to do evaluation of the building.
the department is using the yardstick of R&B of J&K which is of old laws and not using the present market value of assessing the property. Also I will be loosing the rent which i am getting from the building
The query is as to how to make the Government assess the value of the building keeping the present market value and material inputs and labor at present.
the market value of building at present and the variation in the building assessed by the government is nearly 3 to 4 times difference.
The ADB guideline is that the people who are getting dispossessed have to be properly rehabilitation and compensated.
