- Market value means the value of land which a willing purchaser is prepared to pay and a willing seller is prepared to sell. Azad Govt. v. Sahibzada M. Dawood Shah 1999 SCR 381 (B)
- A small portion of land cannot be made basis for determining the market value of land — If geographical position of the land acquired is such that it has the potential for being put to the use for business or the same can be used for construction of residential accommodation, the market value of land can be based even on sale-deeds which pertain to smaller portion of the land. Government of Pakistan v. Muhammad Shafi Khan and 4 others 1999 SCR 291 (B)
- If the land has potential to be used as commercial site, the small sale-deeds would also be a good guide for determining its market value. Inspector-General Prisons and 3 others v. Ghulam Muhammad Lolabi & 2 others 2000 SCR 424 (A)
- Award — Reference — Market value — Determination of — Held: Smaller piece of land sold for residential purposes do not furnish a reliable basis for the determination of the market value — Further held: after the Collector makes the award, High Court was not competent to go into the question of limitation. M. Arif Khan & 8 others v. Azad Govt. & 4 others 2001 SCR 36 (A)
- Sale-deed — Contention that sale-deeds related to the small piece of land, the same did not constitute right criteria for ascertaining the market value of the land, repelled and held that in cases where the sale-deeds of large pieces of land are not available, the market value can be fixed on the basis of sale-deeds which pertain to smaller pieces of land. Azad Govt. and another v. Khurshid Ahmad and another 2001 SCR 415 (D)
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