12(1)Where land is purchased compulsorily by a local authority under Part IV or this Schedule, the compensation payable in respect thereof shall, subject to the following provisions of this paragraph, be assessed by the Lands Tribunal in accordance with the [1963 c. 51.] Land Compensation (Scotland) Act 1963.
(2)In the case of the compulsory acquisition of a house which either is specified in the compulsory purchase order as not meeting the tolerable standard, or is specified in an improvement order under section 88, such compensation shall not (except by virtue of paragraph 3 of Schedule 2 to the said Act of 1963) exceed the value, at the time when the valuation is made, of the site of the house as a cleared site available for development in accordance with the requirements of the building regulations for the time being in force in the district.
(3)The reference in sub-paragraph (2) to compensation is a reference to the compensation payable in respect of the purchase exclusive of any compensation for disturbance or for severance or for injurious affection.
(4)Schedule 1 shall have effect in relation to the compulsory purchase of land under sub-paragraph (1), but shall not have effect in relation to a house to which sub-paragraph (2) applies.