Notwithstanding any other law to the contrary, proposed payment shall be approved by the commissioner of finance and administration and the comptroller of the treasury:
(1) If the property is proposed for acquisition for right-of-way under the authority of this chapter;
(2) If: The appraised value of a parcel of land along the right-of-way exceeds one hundred thousand dollars ($100,000); or
(3) The appraised value of all parcels of land owned by any one (1) person, family or entity along the right-of-way exceeds one hundred thousand dollars ($100,000); and
(4) If the department proposes to pay more than ten percent (10%) above the current appraised value.