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2 · In these rules, unless there is anything repugnant in the subject Or context:- (a) 'M.VR means the guide line register of estimated minimum value. (b) "Committee " means the District Valuation Committee. (c) "Specified area' means any district or circles Or revenue villages under any district. 3. Sub-rule (1) & (2) of Rule-6 of the Bihar Stamp Prevention of Under Valuation of Instruments) Rules,1995 shall be substituted by the following: 66. Process for fixation of estimated minimum market value: (1) Estimated minimum value shall be fixed in every district every year on the recommendation of District Valuation Committee established for this purpose. The Committee shall function under the overall guidance supervision of Central Valuation Committee constituted at State level. The Central Valuation Committee shall consist of the following: Principal Secretary/Secretary Chairman Department of Registration, Excise & Prohibition (ii) Inspector General of Registration Vice Chairman (iii) An officer of the Joint Secretary Level from Revenue & Land Reforms Department nominated by the Principal Secretary of that Department Member (iv) An officer of the Joint Secretary Level from Finance Department nominated by the Principal Secretary of that Department Member Joint Secretary/An officer of the Chief Engineer Level from Road Construction Department nominated by the Principal Secretary of that Department Member vi) Joint Secretary/An officer of the Chief Engineer Level from Building Construction Department nominated by the Principal Secretary of that Department Member vii) Joint Secretary/An officer of the Chief Engineer Level from Department of Urban Development nominated by the Principal Secretary of that Department Member (viii) Deputy Inspector General of Registration/ Assistant Inspector General of Registration ~Member-cum-Secretary (Officer in-charge revenue collection) The above Central Valuation Committee shall, give instructions, as necessary to the District Level Committee constituted under Rule-6(2)(a). This committee shall from time to time, scrutinize & supervise the MVR. If upon scrutiny, the Committee finds any anomaly or is brought to its notice, then the committee shall address the anomaly after due consideration of facts. However, the estimated minimum value determined by the District Valuation Committee shall continue to be in operation till the rectification of anomaly.

4 · In Rule-6 of the Bihar Stamp Prevention of Under Valuation of Instruments_ Rules, 1995, sub-rules-(7) shall be added after sub-rule-(6) of Rule-6 as follows: (7) Powers of special revision - The Chairman of the Central Valuation Committee may under the recommendation of the Committee order the District Valuation Committee for a special revision of Estimated Minimum Value in any specified area under the following circumstances a) Setting up of an industrial estate O infrastructural projects. b Development of large scale housing projects. Any other special circumstance having a major impact on the value of immovable property in any specified area. This provision shall over ride any other provision in the rules 5. Sub-rule-(1), (2) & (3) of Rule-8 (except provisos) of Bihar Stamp (Prevention of Under Valuation of Instruments) Rules, 1995 aS amended from time to time, shall be substituted by the following: "(1)- Estimated Minimum Value of land/property of urban/peripheral/rural (non- agricultural) areas shall be revised every year. Estimated Minimum Value of urban areas may be revised twice in an year on the recommendation of Central Valuation Committee, if found necessary: "(2)- Revised Estimated Minimum Value shall be implemented with effect from 01 April, and if revised twice in a year on the recommendation of Central