https://www.taxtmi.com/caselaws?id=200769 A registering officer may refer an instrument for undervaluation only after forming a reasonable belief based on relevant material, and Rule 3(3) requires a summary enquiry by eliciting the parties' explanation and examining public records before such reference. The note treats this enquiry as a necessary safeguard against mechanical reliance on administrative guidance and against breach of natural justice. It also states that the basic value register is only a guide: it has no statutory conclusiveness and cannot replace an independent assessment of market value, especially where the nature or classification of the property is disputed. The officer must therefore reconsider valuation on the basis of proper enquiry and the factors relevant to value. en-us Wed, 09 Oct 1991 00:00:00 +0530 Sat, 21 Apr 2018 18:00:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200769 A registering officer may refer an instrument for undervaluation only after forming a reasonable belief based on relevant material, and Rule 3(3) requires a summary enquiry by eliciting the parties' explanation and examining public records before such reference. The note treats this enquiry as a necessary safeguard against mechanical reliance on administrative guidance and against breach of natural justice. It also states that the basic value register is only a guide: it has no statutory conclusiveness and cannot replace an independent assessment of market value, especially where the nature or classification of the property is disputed. The officer must therefore reconsider valuation on the basis of proper enquiry and the factors relevant to value. Case-Laws Indian Laws Wed, 09 Oct 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200769