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M/S.Sakthi & Co vs Shree Desigachary on 7 April, 2006

However, the sole basis for the market value of the Property in each and every one of the reports in Exhibit P.19 is the Guideline Value. This is 72/121 https://www.mhc.tn.gov.in/judis C.S. No.894 of 2005 clearly impermissible and at odds with the Hon'ble Full Bench Judgment of this Court the case of M/s Sakthi and Co. Vs. Shree Desigachary ((2002) 2 LW 297). Further Section 4 of the Tamil Nadu Buildings (Lease and Rent Control) Act, 1960 is applicable only in cases of buildings, whereas, in the present case, only the land was let out on lease and hence the reports Exs. P.18 & 19 prepared as per Section 4 of the Tamil Nadu Buildings (Lease and Rent Control) Act, 1960, not to be considered by this Court.
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