value of the property as
if on the date of the institut_ion of the suit and has proceeded on the
value set~forth ... also
pointed out that as on 19.4.2007, the market value ofthe very
property has been revised and it was fixed at
square foot. if this
required by Section 28 to be set forth in such instrument, are not fully and truly set forth, shall be punishable with fine which ... value set forth, the instrument shall fully and truly set forth, the annual land revenue or the annual rental value, local taxes, Municipal or other
instrument, whichever is higher. Hence, the market value is not necessarily the market value set forth in the document. It is also further stated that ... give his opinion whenever such instrument does not truly set forth the proper market value expressing what is the estimated market value. In the circumstances
requirement of Order 21, Rule 66 of the CPC ; the value set forth in the proclamation does not reflect the true value of the schedule
reason to
believe that the market value of such property has not
been truly set forth in the instrument, he may
determine by order ... writing to show that the market value of the property has been
truly set forth in the instrument, and also to produce all
evidence that
doubt, object to this valuation, but he cannot contend that
the value set forth in a sale deed should only be the
criteria for determining ... market value and the sale considerations
are deliberately understated so as to save on stamp duty.
Therefore, the sale consideration set forth in the sale
instrument, whichever is higher. Hence, the market value is not necessarily the market value set forth in the document. It is also further stated that ... give his opinion whenever such instrument does not truly set forth the proper market value expressing what is the estimated market value. In the circumstances
would arise only if there is any error in setting forth the
true value of the property. He submits that the petitioner in
the instant ... case had indeed set forth the true value of the
property at Rs.15,65,000/- as fixed by the Hon'ble Apex Court
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
rates specified above on the amount or value of consideration for such conveyance as set forth in the instrument.
Provided further that in any case ... rate specified on the 'amount or value of the consideration for such conveyance as set forth therein". The Karnataka Stamp (Amendment
