that market rate depends upon the
existing factors, whereas, the circle rates are always older in point of
time. The circle rates are prescribed ... valuation as per circle
rate, there exists a presumption that the circle rate would be the basis
to determine the valuation for the purpose
Officer instead of
referring the same to the DVO adopted the circle rate valuation and made
addition which is not correct.
9. Based ... that the circle rates of
industrial plots in Narela Industrial area are much higher than the actual market
rates and circle rates are enhanced arbitrarily
circle rate of Rs. 4,000/- per Sq. mt. and therefore, taking the value of the land at circle rate ... paid compensation of their lands as per the circle rate fixed in the Valuation list of 2017-18 issued by the District Magistrate, Varanasi
though the sale deed was for Rs.45,33,334/-, the circle rate
valuation of the property ... though the
sale deed is for Rs.45,33,334/- the circle rate valuation of the
property is for Rs.1,32,00,000/-. Hence
need not always be in
accordance with the prescribed circle rates and that if the valuation and
stamp duty is below the circle rates ... computed on the basis thereof is less than the
valuation as per the circle rates;
B) give them an opportunity to amend the document/instrument
accordingly, sale consideration of Rs.60 lakhs is more
than the circle rate. Valuation Report of the same was also
filed to show that consideration ... amount as per the sale
deed was according to the circle rate. The valuation report
have not been disputed by A.O. The assessee paid
draws a distinction between guideline values
prescribed by non-statutory valuation registers, and circle rates
determined by expert committees constituted under the Stamp Act .
State ... circle rates has a direct impact on
each citizen. An inflated rate results in an unfair financial burden on
purchasers. Conversely, an undervalued rate leads
multiplicity of criminal cases registered or pending against appellant No.2, circle rate valuation of the properties aggregating to over Rs. 4.32 crore and alleged ... that the land was sold for Rs. 20,000/- although the circle rate was Rs. 57,935/-. The finding of the learned Trial Court that
said amount was arrived at on the basis of the Circle Rate
provided by the jurisdictional District Commissioner, Lakhimpur as diminution
value of the subject ... rate per Bigha @ Rs. 7,00,000/-. But, the Zonal Valuation / Circle Rate in
respect of land like the subject-land, at the relevant time
43CA of the Act have been enacted
making circle rate as the guiding principles for valuation of
property. In the case of the assessee ... value of circle rate as well as sale consideration
mentioned in the sale deed. There is no co-relation of circle
rate/valuation
