1956 (7) TMI 54

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..... eral JUDGMENT Venkata Ramaiya, J. 1. Both these appeals under the Land Acquisition Act in which parties are the same may be disposed of by one order The only point for consideration is the amount payable as compensation. The properties are buildings situated in Mysore near Sayyaji Rao Road at the extremity of Lansdown Buildings. One case relates to those numbered by the Municipality as 77 to 83 .....

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..... t ₹ 150/- are realised as rent from the shops and rooms which are let out and for those retained for use of the owners only, ₹ 10/- were fixed as rent though ₹ 20/- were claimed. The learned Judge capitalised the rent by deducting from the annual realisation at this rate a quarter of it as being required for repairs and taxes and multiplying the balance by 18. He also valued the .....

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..... e and not a mathematically accurate estimate. 3. A recognised basis of valuation of buildings in urban areas is the rent normally realised by those when these are leased to others and the rent expected to be got if these are in occupation of the owners. As has been said in some cases such as Karachi Municipality v. Naraindas AIR 1933 Sind 57 (A) and Govt. of Bombay v. Merwanji Muncherji Cama 10 B .....

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..... lding was strong, in good condition and well kept at the time of inspection. It has also held that the better way of valuing the property in this case is called the "rental method and hot' the land and building method-adopted by the Land Acquisition Officer". In view of this and the fact that evidence about fair rent is considered to be "very satisfactory" the claimant is e .....

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..... er Court 576th of ₹ 26,730/- will be paid as compensation to appellants in R. A. 141/51-52 with statutory allowance of ₹ 15/- per cent and interest at ₹ 6/- per cent per annum from the date the property is taken possession of in the appeal the parties will bear their own costs. 5. There was no justification for filing the cross-objections in both the appeals. They are therefore .....

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