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towards registration fee, have been paid by the petitioner. As the petitioner retired from the Partnership on 14.10.2011, he is not a partner on the date of execution of the release deed.

(b) Article 55-D(ii) of Schedule-I to the Indian Stamp Act, as applicable to the State of Tamil Nadu, is not applicable to this release deed, as the release deed mentioned in Article 55-D(ii) will apply only when the release is made between the partners of a Partnership Firm. The petitioner being the releasee, is not a partner and hence, they are not co-owners on the date of execution of the release deed and hence, the fourth respondent/Sub.Registrar has considered the release deed as a conveyance, chargeable under Article 23 of the Indian Stamp Act and the value set-forth in the release deed, was verified with the market value guideline and the fourth respondent has reason to believe that the market https://www.mhc.tn.gov.in/judis value had not been truly set-forth in the release deed.

9. Learned Special Government Pleader further submitted that the value set forth for the release deed, was variable with the market value guidelines and https://www.mhc.tn.gov.in/judis the fourth respondents has reasons to believe that the market value has not been truly set forth in the release deed. Hence, the fourth respondents registered the release deed under Document No.4415 of 2021 and referred the same to the District Collector under Section 47-A(I) of the Indian Stamp Act, for determination of the market value and the collectio of the difference in stamp duty, if any, based on such determination. The Collector also determined the market value at Rs.200/- per Sq.ft. and collected the difference in stamp duty and the Collector also informed the fourth respondent the difference in stamp duty in respect of the land alone, was collected and directed the fourth respondents to collect the difference in stamp duty in respect of the building by causing the building to be valued by the Assistant Executive Engineer, PWD, and hence, the Assistant Executive Engineer, PWD was addressed to fix the value of the building standing on the said land(s) as on the date of execution of the release deed. The Assistant Executive Engiener expressed that the building could not be measured and valued, as the owner of the property is not co-operating. Since the value of the building was not assessed for collection of stamp duty, the release deed is yet to be released to the petitioner.