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(iv)on compliance of the conditions (i) to (iii), referred to above, the respondents are directed to return the original document with an endorsement that the matter in issue is pending before the third respondent herein under Section 47A of the Indian Stamp Act.

6. Aggrieved by the above said directions of the learned single Judge, this writ appeal has been filed by the appellant.

7. The specific argument advanced on the part of the learned counsel for the appellant is that only when the Registering Officer has 'reason to believe that the market value of the property has not been truly set forth in the instrument', he may, after registering such instrument, refer the same to the Collector for determination of the market value and since in the case on hand, the sale consideration has been fixed by the Court, exercising its statutory powers under Section 9 of the Tamil Nadu City Tenants Protection Act, there is no question of under-valuing the property and the reference under Section 47-A is unwarranted.

(3)The Collector may, suo motu, within two years from the date of registration of any instrument of conveyance, exchange, gift, release of benami right or settlement, not already referred to him under sub-section (1), call for and examine the instrument for the purpose of satisfying himself as to the correctness of the market-value of the property, which is the subject-matter of conveyance, exchange, gift, release of benami right or settlement, and the duty payable thereon and if, after such examination, he has reasons to believe that the market-value of such property has not been truly set forth in the instrument, he may determine the market-value of such property and the duty, as aforesaid, in accordance with the procedure provided for in sub-section (2). The difference, if any, in the amount of duty shall be payable by the person liable to pay the duty:
(i) in the city of Madras, the Madras City Civil Court; and
(ii)elsewhere -
(a) the Subordinate Judge, or if there are more than one Subordinate Judges, the Principal Subordinate Judge, having jurisdiction over the area in which the property concerned is situated; or
(b) if there is no such Subordinate Judge, the District Judge, having jurisdiction over the area aforesaid.

10. On a perusal of the provisions of Section 47-A of the Stamp Act, as amended by the Tamil Nadu, it is manifest that these provisions empower the Registering Authority, while registering any instrument of conveyance to refer the matter to the Collector for determination of market value of the property and the proper duty payable on the instrument, if the Registering Authority has reason to believe that market value of the property which is the subject-matter of such instrument has not been rightly set forth in the instrument. The object of the provision is only to neutralise the effect of under-valuation of property with a view to evading payment of stamp duty. The condition precedent for making a reference is, there must be reason for the Registering Authority to believe that the market value of the property has not been truly set forth in the document presented for registration and hence it must follow that the reasons must be recorded, however short it may be. It is the duty of the Registering Authority to record reasons for his belief that true market value has not been set out in the document, complete the registration and thereafter refer the matter to the Collector for determination of the market value of the property and the proper duty payable thereon. It is essential to point out that before registration, the Registering Authority has to record that he has reasons to believe that the value of the property has not been duly set forth in the instrument. Only after recording such reasons, the Registering Authority has to complete registration of the instrument in question and thereafter alone, he could refer the same to the Collector under sub-section (1) of Section 47A of the Indian Stamp Act. In the case on hand, all these procedures have been duly followed by the Registering Authority in referring the document under Section 47-A of the Stamp Act.