Section 58
Offer of compensation
(1)
On receiving any direction under section 57, the Land
Administrator shall give notice in writing in Form Q to the persons interested in such land of the purpose for which the land is needed, and shall make such offer of compensation Form R, or shall negotiate the payment of such compensation, as shall be reasonable in all the circumstances of the case.
(2)
Compensation under subsection (1) may be in the form of a single sum of money, in the form of periodical payments of money, or in such other form as may be agreed.
(2A)
Prior to making an offer for compensation under subsection (1), the Land Administrator may obtain a written opinion on the value of the land from a valuer.
(3)
In making any assessment of compensation under this section the
Land Administrator shall, where the land is required in order to carry out public works, take into account any increase in the value of the land to be occupied or used, or any advantages which will accrue to any person interested therein, by reason of the purpose for which such public works are being carried out.
(4)
In making any assessment of compensation under subsection (3), the Land Administrator may, whether by way of full or partial substitution for monetary compensation, enter into any arrangement with a person having an interest in such land in such a way as may be equitable, having regard to the interests of the parties concerned.
(5)
Whenever the Land Administrator enters into any arrangement under subsection (4), he shall make an entry of the particulars thereof in the appropriate register.
(6)
All the evidence during the enquiry and the amount of compensation offered shall be recorded by the Land Administrator.
(7)
Nothing in this section shall prevent the State Authority to occupy or use the land if the person interested is not agreeable to the compensation offered pursuant to subsection (1).
Land Acquisition 55
(8)
For the purpose of this section, subsection 14(5) shall be applicable if necessary.