Determination of market value of land by Collector.26. (1) The Collector shall adopt the following criteria in assessing and determining the market value of the land, namely:-
| (a) | - | the market value, if any, specified in the Indian Stamp Act, 1899 (2 of 1899) for the registration of sale deeds or agreements to sell, as the case may be, in the area, where the land is situated; or |
| (b) | - | the average sale price for similar type of land situated in the nearest village or nearest vicinity area; or |
| (c) | - | consented amount of compensation as agreed upon under sub-section (2) of section 2 in case of acquisition of lands for [private entities] or for public private partnership projects, |
whichever is higher:
Provided that the date for determination of market value shall be the date on which the notification has been issued under section 11.
Explanation 1.-The average sale price referred to in clause (
b) shall be determined taking into account the sale deeds or the agreements to sell re
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