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Valuation date

Language: English Series: EGCS ; 1991 88Publication details: 1991Subject(s): Summary: In C&J Seymour Investments Ltd v Lewes DC LT 22 July 1991, the claimant landowner submitted that the valuation date for a piece of land on which a blight notice had been served and on which a notice to treat had come into effect under Town and Country Planning Act 1971 s194 should be 18 November 1988. However, it was held that despite falling land prices the valuation date should be the same as the date of the hearing in May 1991. Compensation for land taken compromised of a Stokes payment of £77,000 less £5,000 for lack of encumberance to a yard.
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News article London News article WB2732-08 (Browse shelf(Opens below)) 1 Available 60500-1001

In C&J Seymour Investments Ltd v Lewes DC LT 22 July 1991, the claimant landowner submitted that the valuation date for a piece of land on which a blight notice had been served and on which a notice to treat had come into effect under Town and Country Planning Act 1971 s194 should be 18 November 1988. However, it was held that despite falling land prices the valuation date should be the same as the date of the hearing in May 1991. Compensation for land taken compromised of a Stokes payment of £77,000 less £5,000 for lack of encumberance to a yard.