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[Cites 0, Cited by 0] [Section 24] [Entire Act]

State of Puducherry - Subsection

Section 24(2) in Pondicherry Court-Fees and Suits Valuation Act, 1972

(2)
(a)In a suit for possession of documents of title, fee shall be computed on one-fourth of the amount or of the market value of tho property secured by the document-
(i)where the plaint alleges denial of the plaintiff's title to the money or the property secured by the document, or
(ii)where an issue is framed regarding the plaintiff's title to the money or the property secured by the document:
Provided that where the allegation in the plaint or the issue framed relates only to a portion of the amount or property, fee shall be computed on one-fourth of such portion of the amount or on one-fourth of the market value of such portion of the property.
(b)In a suit for possession of documents of title where the plaintiff's title to the money or the property secured by the document is not denied, fee shall be computed on the amount at which the relief sought is valued in the plaint.
Explanation. - The expression "document of title" means a document which purports or operates to create, declare, assign, limit or extinguish, whether in present or in future, any right, title or interest, whether vested or contingent, in any property.