9] Another sale instance was of land Survey No. 158/B admeasuring 2 Acre 0.1 R land located within the vicinity of village Hasalganj. The land was sold for consideration of Rs. 21,000/- in the year 1975. It is to be noted that the vendee in the present sale deed was the adjoining the land owner and he purchased the land under sale for his convenience. This factor is also required to be considered for requisite deduction while ascertaining fair and reasonable market value of the acquired land. The sale instance (Exh.16) executed in the year 1975 demonstrates that the land admeasuring 2 Acres 01 R was sold for a consideration of Rs. 21,000/- i.e. Rs. 260 per R. The price of the agricultural land was accrued to Rs. 260 per R x 40 R = 10370 say, Rs. 10,000/- per acre. As referred supra, the purchaser in these comparable sale instance was the adjoining land owner and he must have purchased the land adjoining to own land for his convenience. Therefore, the reasonable deduction @ 40% in the price money is required to be calculated to ascertain the exact value of agricultural land. After deducting 40% amount from the consideration of Rs.10.370/-, the value of the land would accrue to Rs. 6,500/- per acre i.e. [Rs. 10,370/ minus 4148 i.e. 40% of 10,370/- = 6222, say 6500/-]. Therefore, price of the agricultural land during the year 1975 within the vicinity would be Rs. 6,500/- per acre approximately. The notification under Section 4 of the Act, 1894 in the present case was published in the year 1985-86. It is essential to take into account the escalation of the market price of agricultural lands within the vicinity. After considering 10% increase per year in the price of lands within the vicinity since year 1975 uptil 1985-86 for 10
