T.S. Ramachandra Shetty vs Chairman, Karnataka Housing Board & Anr

The Supreme Court upheld the High Court's decision to grant compensation for acquired land at Rs.1,30,680/- per acre, calculated at Rs.3/- per square feet, in accordance with Section 23 of the Land Acquisition Act. The Court emphasized that the best evidence of market value is the sale price of the land prior to acquisition, as established in Bangaru Narasingha Rao Naidu & Ors. v. Revenue Divisional Officer and Special Tehsildar Land Acquisition, Vishakapatnam v. A. Mangala Gowri. The Court found the High Court's reliance on the 1986 sale deed as a valid basis for determining compensation, affirming the principle of just and fair compensation under the Act.