{
  "url": "https://openlegislation.uk/land-development-values-compensation-act-northern-ireland-1965/section-2",
  "json_url": "https://openlegislation.uk/land-development-values-compensation-act-northern-ireland-1965/section-2.json",
  "legislation": "apni/1965/23",
  "legislation_title": "Land Development Values (Compensation) Act (Northern Ireland) 1965",
  "legislation_url": "https://openlegislation.uk/land-development-values-compensation-act-northern-ireland-1965",
  "path": "section/2",
  "kind": "section",
  "number": "2",
  "heading": "Meaning of “unrestricted” and “restricted” value.",
  "text": "(1) Subject to section 3, in this Part—\n(a) the unrestricted value of any land is the value that a fee simple absolute in possession in the land would have had on 25th February 1963;\n(b) the restricted value of any land is the value that such a fee simple would have had on 25th February 1963 if computed on the assumption that planning permission would have been granted for any development of that land of a class specified in Schedule 1, but would not have been granted for any other development.\n(2) Schedule 2 shall have effect for the purpose of specifying the general classes referred to in paragraph 6 of Schedule 1.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "rep. with saving by 2001 c. 2 (NI)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/apni/1965/23/section/2",
    "retrieved_at": "2026-10-29T21:32:29.017283+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}