As per the report submitted by a Committee appointed Supreme Court of India, the value of a tree is ₹ 74,500 per year multiplied by the lifespan of the tree. In India, this is for the first time a guideline has been set 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.