ABSTRACT

Rule 1 No allowance is to be made because the acquisition is compulsory

Rule 2 The value is to be the open market value assuming a willing seller

Rule 3 Special suitability for a statutory purpose or where there is no market apart from the special needs of a particular purchaser is to be disregarded

Rule 4 Increase in value for uses contrary to the law is to be disregarded

Rule 5 Special and rare cases only can be dealt with on a cost of reinstatement basis (generally where it is used for a purpose for which there is no market eg churches)

Rule 6 Rule 2 above not to affect assessment of compensation for disturbance on other matter not based on the value of the land.