The five-member committee of experts added that a heritage tree with a lifespan of well over 100 years could be valued at more than ₹1 crore.
According to the report filed in February last year but made public on Wednesday, a tree is worth ₹74,500 a year.(PTI)
A tree’s monetary worth is its age multiplied by ₹74,500, a Supreme Court-appointed committee has submitted in a report, setting a guideline, for the first time in India, on the valuation of trees.
The five-member committee of experts added that a heritage tree with a lifespan of well over 100 years could be valued at more than ₹1 crore — and that the monetary value of a project, for which hundreds of trees are cut, is sometimes far less than the economic and environmental worth of the felled trees.
