Matters to be considered in determining compensation

(1) In determining the amount of compensation to be awarded for the scheduled lands acquired under this Act, the prescribed authority shall take into consideration- firstly, the market value of the scheduled land on the respective date of taking possession of the land by, or on behalf of, the Government; secondly, the damage sustained by the person interested, by reason of the taking of any standing crops or trees which may be on the scheduled land at the time of taking possession thereof; thirdly, the damage (if any) sustained by the person interested, at the time of taking possession of the scheduled land, by reason of severing such scheduled land from his other lands; fourthly, the damage (if any) sustained by the person interested, at the time of taking possession of the scheduled land, by reason of the acquisition injuriously affecting his other property, movable or immovable, in any other manner or his earnings; fifthly, if, in consequence of the acquisition of the scheduled land, the person interested is compelled to change his residence or place of business, the reasonable expenses (if any) incidental to such change. (2) In addition to the market value of the scheduled land as above provided, there shall be paid an amount calculated at the rate of twelve per centum per annum on such market value for the period commencing on and from the date of taking possession of the scheduled land to the date of the order under sub-section (6) of section 6. Explanation.—In computing the period referred to in this section, any period or periods subsequent to the date of publication of this Act in the Tamil Nadu Government Gazette during which the proceedings for the making of an order under sub-section (6) of section 6 were held up on account of any stay or injunction by the order of any court shall be excluded. (3) In addition to the market value of the scheduled land as above provided, there shall be paid a sum of thirty per centum on such market value in consideration of the compulsory nature of the acquisition.