actual market value of property. The
authorities cannot regard the guideline valuation as the last word on the
subject of market value ... presumption that
may flow from such guideline market value. We however hasten to add
20
that the guideline market value can be a relevant piece
proceeded initially on the basis that the land in question had a Guideline Value of
Rs.7.32 lakhs per ground and hence the same ... actual market value of
property. The authorities cannot regard the guideline valuation as the last word
on the subject of market value. This position
presented for registration......
........
6. It would thus be seen that the aforesaid
guidelines would inhibit the Registering Authority to
exercise his quasi-judicial satisfaction ... held
that:-
"22.....The authorities cannot regard the guideline
valuation as the last word on the subject of market
value
aforesaid are shown in the Appendix.
22. Nonapplication of Guidelines of Stamp Duty
Valuation. Notwithstanding anything contained in
the "Important Guidelines of Stamp ... Duty Valuation"
as specified in the Ready Reckoner, the provisions
made in these rules shall have primacy over those
guidelines and none of those
them for the purpose of verifying the market
value.
Explanation : The "Guidelines Register" supplied to the
officers is intended merely to assist them ... gather information from other sources, including official
or public record. Valuation guidelines, prepared by the
revenue officials periodically, are intended with an
avowed object
Gauri Shanker brought to our notice a brochure entitled
"Guidelines for valuation of equity shares of companies and the business
and net assets ... Company Case
(St.) 121] . The said guidelines are stated to be applicable to the
valuation of inter alia equity shares of companies, private and public
respect of small properties do not offer a
proper guideline. Therefore, the valuation in transactions
in regard to smaller property is not taken ... respect of small properties do not offer a proper guideline.
Therefore, the valuation in transactions in regard to
smaller property is not taken
that appeal that the learned Company Judge should
have given guidelines for valuation of the shares on the
market value and should have also provided
respect of preferential
allotment of shares. Also, there was no specific
guidelines for valuation or determination of
premium in respect of issue of convertible
debentures
Excise Tariff
Act, 1985 and the Interpretative Rules do not provide
guidelines for valuation of excisable goods as they decide
classification of a product under
