12. The price at which a parcel of land is alienated to an occupant shall be determined according to the actual value of that land as established in accordance with the Act respecting municipal taxation (chapter F-2.1), without taking into account the buildings or other works erected by the occupant or by his predecessors in title, and shall correspond to a percentage of the actual value as determined according to the duration of occupancy as provided in Schedule I.
Where an occupant produces a chain of titles of a duration different from the duration of occupancy of the land, the alienation price shall be the lower of the percentage of the actual value established for the duration of occupancy without title that the occupant can demonstrate and the percentage of the actual value corresponding to the duration of occupancy with title.
The actual value of a parcel of land is that established when the alienation proposal was made by the Minister.