does not confer power on State to determine the market value of — THE INDIAN STAMP ACT, 1899 (2 of 1899)

Section 47A does not confer power on State to determine the market value of egion or block. The power under section 47A is exercisable with Section 47A does not confer power on State to determine the mark an entire area, region or block. The power under section 47A is exercisable with erence to a particular immovable property covered by the instrument brought for an entire area, region or block. The power under section 47A is ex reference to a particular immovable property covered by the instrument brought for registration. Jawajee Nagnatham vs. Revenue Divisional Officer, (1994) 4 SCC 595. reference to a particular immovable property covered by the instrumen br registration. Jawajee Nagnatham vs. Revenue Divisional Officer, (1994) 4 SCC 595. Bihar Instrument Valuation Rules, 1991 if given effect to will render, . is no infraction of law, Hadibandhi Sahu vs. A.D.M., AIR 1 The value of property varies from place to place or even from locality to locality e place. No absolute higher or minimum value can be pre-determined. It . The value of property varies from place to place or even from locality to loc in the same place. No absolute higher or minimum value can be pre-determined. It ly be on objective satisfaction that the Authority has to reach a reasonable in the same place. No absolute higher or minimum value can be pre-determined It will only be on objective satisfaction that the Authority has to reach a reasonable et that the instrument relating to the transfer of property has truly set forth the will only be on objective satisfaction that the Authority has to reach a reasonab beliet that the instrument relating to the transfer of property has truly set forth the consideration mentioned there in is not inadequate. The Registering beliet that the instrument relating to the transfer of property has truly s value or the consideration mentioned there in is not inadequate. The Registering Authority should make reference of all doubtful cases to the Collector whose decision value or the consideration mentioned there in is not inadequate. The Registering Authority should make reference of all doubtful cases to the Collector whose decision . State of Punjab vs. Mahabir Singh, (1996) 1 SCC 609, Authority should make reference of all doubtf is final. State of Punjab vs. Mahabir Singh, (1996) 1 SCC 609, es not confer power on State to determine ration. Jawajee Nagnatham vs. Revenue Divisional Officer, (1994) 4 SCC 5 Ruel 5 of Bihar Instrument Valuation Rules, 1991 if given effect to will render, ection (1) of section 47A ol Indian Stamp Act otiose. The power vested on the Ruel 5 of Bihar Instrument Valuation Rules, 1991 if given effect to will rend sub-section (1) of section 47A ol Indian Stamp Act otiose. The power vested on the ctor to determine market value of the etary being transferred is also violative sub-section (1) of section 47A ol Indian Stamp Act otiose. The power vested on the Collector to determine market value of the etary being transferred is also violative of principles of natural justice. High Court therefore st uck down Rule 5 as ultravires. Collector to determine market value of the etary being transferre of principles of natural justice. High Court therefore st uck down Rule 5 as ultravires. Umesh Thakur vs. State of Bihar, 1994 (1) PLUR 727, of principles of natural justice. High Court therefore st u Umesh Thakur vs. State of Bihar, 1994 (1) PLUR 727, 5 -———