Compensation for damage in respect of erection or re-erections.

(1) No compensation shall be claimable by an owner for any damage which he may sustain in consequence of a refusal to sanction the erection of any building. (2) The Municipality shall make full compensation to the owner of any damage which may sustain in consequence of a refusal to sanction the re-erection of any building: Provided that the Municipality shall not be liable to make any compensation in respect of a refusal to sanction the re-erection of a building which for a period of three years or more immediately preceding such refusal has not in existence or has been unfit for human habitation.