In the principal Act, after Chapter-IV, the following new Chapter IV-A shall be inserted, namely:- “CHAPTER IV-A Voluntary acquisition of land 30-A. Acquisition of land by the State Government by entering into agreement voluntary Acquisition of Land.- (1) Notwithstanding anything contained in this Act, or any other law, whenever it appears to the State Government that the land is needed in any area for any public purpose, the State Government or its Authorised Officer may enter into an agreement with the willing land owner to sell the land in favour of the State Government for the matters specified therein in a prescribed form.
(2) The State Government or its authorized officer shall pass an order in terms of agreement under sub-section (1) for acquisition, and the substance of the order shall be notified in the official Gazette. On such publication of notification, the title, ownership and all interests of the land owner who enters into agreement shall vest with the State Government free from all encumbrances.
(3) Notwithstanding anything contained in the Registration Act, 1908(Central Act16 of 1908) no agreement entered under sub-section (1) shall be liable for registration under that Act.
(4) If any family, other than the family of the land owner who entered into an agreement, is affected by the acquisition of land under this section, the State Government shall pay a lump-sum amount towards rehabilitation and resettlement if any, as prescribed in the rules made thereunder:
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Provided that, no agreement or the lump-sum amount towards rehabilitation and resettlement as may be prescribed, shall be abnormally at variance to the disadvantage of the land owners.