[In each of the districts and talukas specified in column 1 of the First Schedule, for each class of land described in columns 2, 3, 4, 5 and 6 of that Schedule, the amount of compensation for surplus land acquired by the State Government under section 21 shall consist of,-
(a) in case of dry crop land falling under column 5 or 6 the price calculated at the price per hectare specified in column 7 of that Schedule, or
(b) in the case of land falling under [columns 2, 3 and 4 of that Schedule, the price calculated at the price [per hectare] of dry crop land increased by one hundred, by fifty and by twenty-five per cent; respectively.
[Explanation.- In the case of land referred to in clause (a), the price shall not in any case exceed one thousand rupees per hectare, and in the case of land referred to in clause (b), the price shall not in any case exceed five thousand rupees per hectare] :
Provided that in the case of land which is not cultivated for a continuous period of three years immediately before the [commencement date], the price shall be twenty-five per cent. of the price calculated under clause (a) or (b), as the case may be :
Provided further but subject to the previous proviso,-
(i) in the case of land held [by a Bhumidhari who is an occupant Class II falling under clause (b) of sub-section (3) of section 29 of the Code,] the price calculated under clause (a) or (b), as the case may be, shall be reduced by an amount equal to three times the revenue for the time being assessed thereon;
(ii) in the case of land which is impartible and non-transferable, the price shall be two-thirds of the price calculated under clause (a) or (b), as the case may be;
(iii) in the case of land held on lease from Government, the price shall be ten per cent. of the price calculated under clause (a) or (b), as the case may be&78910[such as is fixed under section 68 of the Code or under section 7 of the Bombay Merged Territories and Areas (Jagirs Abolition) Act, 1953 (Bom. XXXIX of 1954).]
Explanation II.- For the purposes of clause (c), the value of a well shall be the difference between the value of the land which is irrigated by such well as irrigated land, and the value thereof as unirrigated land.