(1) When the land holding of a raiyat increases due to amalgamation, inheritance, gift, purchase, accretion or otherwise, the revenue payable for the increased land holding shall, with effect from the commencement of the agricultural year following the year of increase, be increased by an amount being the difference between the revenue payable in accordance with the Schedule before the commencement of the agricultural year following the year of increase, and the revenue so payable on the whole of the increased land holding after such commencement.
(2) When the land holding of a raiyat decreases due to transfer, partition, subdivision or compulsory acquisition by the Central or State Government or otherwise, the revenue payable for the decreased land holding shall, with effect from the commencement of the agricultural year following the year of decrease, be decreased by an amount being the difference between the revenue payable in accordance with the Schedule before the commencement of such agricultural year, and the revenue so payable on the balance of the decreased land holding after such commencement.