https://www.taxtmi.com/caselaws?id=195072 Guideline value maintained by revenue authorities for stamp duty purposes cannot, by itself, be used to fix fair rent under rent control law. Market value must be determined from bona fide comparable sales, surrounding market evidence, or other recognised valuation methods, because guideline entries and valuation registers have no statutory force as proof of true market value. Sale deeds of comparable properties are the appropriate material for assessment, and reliance solely on guideline value is unsustainable for fixation of fair rent. en-us Fri, 07 Apr 2006 00:00:00 +0530 Fri, 13 Oct 2017 12:28:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195072 Guideline value maintained by revenue authorities for stamp duty purposes cannot, by itself, be used to fix fair rent under rent control law. Market value must be determined from bona fide comparable sales, surrounding market evidence, or other recognised valuation methods, because guideline entries and valuation registers have no statutory force as proof of true market value. Sale deeds of comparable properties are the appropriate material for assessment, and reliance solely on guideline value is unsustainable for fixation of fair rent. Case-Laws Indian Laws Fri, 07 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195072