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5. The learned senior counsel for the petitioner also submitted that the authorities have taken into consideration the guideline value alone and without any basis they have decided the value of the property. The learned senior counsel also relied on the decision of the Honourable Supreme Court reported in 2009 (1) TLT 465 SC (V.N.Devadoss Vs Chief Revenue Control Officer-cum-Ins. and Ors.)

6. The learned Government pleader was also heard. The learned Government pleader submitted that the property is situated in the main place of the Coimbatore. The actual value of the property is higher than the bid amount. The learned Government pleader also submitted that as per the Indian Stamp Act, the stamp duty is to be collected according to the market value of the property.