AMOUNT TO BE REPAID
ALTERNATIVE 1
Compensation as per Land Acquisition notification in 1981
Land value @ `80 per square yard (total 25,26,480 square yards)
30 per cent solatium
Interest from June 9, 1981 till January 16, 2015
Total compensation: `1.586 crore
ALTERNATIVE 3
Compensation as per old law with value of land fixed in 1996
Land value @ `2,000 per sq yard 30 per cent solatuim
Interest from June 9, 1981 till January 16, 2015
Total compensation: `39.65 crore.
According to information gathered from the GHMC, the erstwhile MCH had furnished a requisition to acquire 47 acre, 32 guntas for constructing weir for protection from Musi floods and the current MGBS and Salarjung Museum have been constructed.
This area includes Survey no. 7 to an extent of 3 acre, 8 guntas and Survey no. 13 to an extent of 3 acre, 13 guntas of Thotaguda village in the erstwhile Musheerabad, present Nampally mandal.
ALTERNATIVE 2
Compensation as per LA Act in 1981
Land value @ `200 per square yard (commercial rate)
30 per cent solatuim
Interest from 9 June 1981 till 16 January 2015
Total compensation: `3.965 crore
ALTERNATIVE 4
However, the property owners have been asking compensation as per the Land Acquisition Act 2013
Land value @ `15,000 per square yard 30 per cent solatuim
Interest from 9 June 1981 till 16 January 2015
Total compensation: Around `15,000 crore