PRINCIPLES FOR DETERMINING THE AMOUNT

1. The amount shall be the market value of such hoarding as on the date of the commencement of this Act. 2. In the case of any lease or licence in respect of any place where the hoarding has been erected or in respect of the hoarding itself, if any person has been deprived of their right, such person shall be paid an amount equivalent to the income that would have been derived by them for a period of five years if this Act had not come into force.