consideration set forth in the conveyance whichever is higher. Therefore, if the consideration set forth in the instrument is less than the market value ... deed is less than minimum market value fixed under the Rules of 1997 still the market value set forth in the sale deed is correct
assist them to ascertain prima facie whether the market value has been truly set forth in the instruments. The entries made therein regarding the value ... satisfied that the market value or the consideration has been truly set forth in the instrument, subject to his making reference under sub-section
instrument on which duty is chargeable on the market-value of the property] as set forth in such instrument [is less than even the minimum ... market value. Under the Uttar Pradesh Stamp Rules 1942 a minimum value is determined by the Collector and if the market value set forth
value shown in the conveyance is less than the
fair value or if the actual value/consideration doubted is more than
the value declared, stands ... value of that
land.
(2) Where on such verification, the Registering Officer
is satisfied that the value of the land or the
consideration set forth
consideration or, as the case
may be, the market value as set forth in the instrument and the
market value as determined by the Collector ... market value of such
property or, as the case may be, market value of such property has
not been truly and fully set forth
award was passed on 9.8.20
02
determining the market value
of 59/- per sq.ft. for site and
397/- per sq.tt. for building ... whatsoever is paid. He also submits tha
t the value set forth In
the sale deeds is not reflective of the real
sate consideration
Sale of immovable property
The amount or value of the consideration for the sale as set forth in the instrument.
Exchange of immovable property ... value of the property of the greater value, as st forth in the instrument.
Gift of immovable property
The value of the property, as set
instrument, on which duty is chargeable on the market value of the property as set forth in such instrument, is less than even the minimum ... section
(3) The Collector finds the market value of the property-
(i) truly set forth and the instrument duly stamped, he shall certify by endorsement
Hindustan Zinc Limited vs State Of Raj. & Ors on 9 November, 2012
Equivalent citations
fair
value of the separated share or shares of land and the value
of other properties in such separated share or shares set
forth ... instrument or of the value of all the properties
of those separated share or shares as set forth in the
instrument, whichever is higher, subject
