Assessment of market value for compensation

The market value of any property which the State Government is empowered to purchase at such value under this Act, or the compensation to be paid by the State Govt. in respect of anything done under this Act, shall, where any dispute arises in respect of such market value or compensation, be ascertained in the manner provided in the Land Acquisition Act, 1894 (Act 1 of 1894) so far as the provision thereof can be made applicable. Provided that when making an enquiry under the Land Acquisition Act, the Collector shall be assisted by two assessors, one of whom shall be a competent person nominated by the owner, or in case the owner fails to nominate any assessor within such reasonable time as may be fixed by the Collector in this behalf, by the Collector.