Maharashtra Clan Act: Land Purchase Price Calculation

• The Maharashtra Clan Administration and Agricultural Land Act protects farmers' rights, especially those cultivating land legally on April 1, 1957 ('Farmers' Day').
• The Agricultural Land Tribunal determines the land purchase price for clans, considering if they are protected or simple clans.
• For protected clans, the purchase price is six times the agricultural land amount, plus dues, land revenue, cess, and 4.5% interest from Krishak Din.
• For simple clans, the price ranges from 20 to 200 times the land assessment, plus value of wells, structures, trees, and arrears, with deductions for prior payments.
• Payment can be a lump sum or up to 12 annual installments with 4.5% interest; District Collector permission is mandatory for land sale/transfer under Section 43.

Why It Matters: It outlines a law protecting farmers' land rights and regulating agricultural purchases.