State Act
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Section 3. Payment of compensation
The Andhra Pradesh Government Property (Preservation, Protection and Resumption) Act, 2007.
Act no. 11 of 20072007In forceAndhra Pradesh (State Act)
3. Payment of compensation - (1) Consequent upon the annulment of transactions and instruments under Section 2, the transferee shall be entitled to be paid a reasonable compensation by the Government of Andhra Pradesh. (2) The amount of consideration recited in any instrument enumerated in Schedule 1 with interest calculated at the rate of 12% per annum shall be deemed to be the reasonable compensation within the meaning of sub-section (1).