Instruments) Rules,
1995, wherein Rule-10(1) prescribes that if the value set forth in the
instrument is according to the estimated minimum value indicated ... also maintain a register in Form VI.
10. (1) If the value set forth in the instrument is according to the
estimated minimum value indicated
property, and not on the value set forth, the instrument shall fully and truly set forth the annual land revenue in the case of revenue ... fully set forth therein. However, prior to the insertion of Section 27 , if the instrument did not set forth the true market value
value as so determined by such authority
(ii)
Exchange of immovable property
The market value of the property of the greater value as set forth ... market value as so determined by such authority.
(iii)
Gift of immovable property
The market value of the property as set forth in the instrument
consideration of any property;
and, (iv) any instrument setting forth the market value below
such valuation is to be referred by the Registering Officer ... then empowering the Registering
Officer to, even if the value or the consideration set forth in the
instrument/document is below the circle rate, allow
market value of any property, which is the subject of any
instrument on which duty is chargeable on market value as set forth
in such ... intentional omission or lapse on his part in not setting forth the
correct market value of such property.
(3) The Collector may, suo moto
value as so determined by such authority
(ii)
Exchange of immovable property
The market value of the property of the greater value as set forth ... market value as so determined by such authority.
(iii)
Gift of immovable property
The market value of the property as set forth in the instrument
market value of any property, which is the subject of any
instrument on which duty is chargeable on market value as set forth
in such ... intentional omission or lapse on his part in not setting forth the
correct market value of such property.
xxx xxx xxx xxx xxx"
Insofar
counter claim was valued at 10 lakhs rupees i.e. value set forth in the sale deed. The suit was decreed by the trial court ... being assailed in appeal, therefore, valuation of the suit was set forth in appeal, the dismissal of counter claim was not challenged in appeal, therefore
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 ... subsection (3) the
16
Collector finds the market value of the
property.-
(i) truly set forth and the
instrument duly stamped, he shall
certify
containing the
allegations that the true value of the land has not been set forth in the sale
deed. The petitioner gave reply ... examination, he has reason to believe that the value or
consideration has not been truly set forth in the instrument, he may
determine the value
