https://www.taxtmi.com/caselaws?id=288013 For stamp duty valuation, market value must reflect the property's real access and dominant location, not the higher guideline rate of an adjoining road when only a smaller portion abuts it. The Court noted that the subject land effectively accessed Thiruvalluvar Nagar, while Bharathi Ula Road touched only a limited part, and the authorities had applied the Bharathi Ula Road rate to the entire extent without properly accounting for the actual layout. On that basis, the demand for deficit stamp duty founded on the inflated land valuation was unsustainable; the valuation was to be worked out on the correct locality basis, with the undisputed superstructure valuation left undisturbed. en-us Wed, 14 Dec 2011 00:00:00 +0530 Thu, 14 May 2020 10:35:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288013 For stamp duty valuation, market value must reflect the property's real access and dominant location, not the higher guideline rate of an adjoining road when only a smaller portion abuts it. The Court noted that the subject land effectively accessed Thiruvalluvar Nagar, while Bharathi Ula Road touched only a limited part, and the authorities had applied the Bharathi Ula Road rate to the entire extent without properly accounting for the actual layout. On that basis, the demand for deficit stamp duty founded on the inflated land valuation was unsustainable; the valuation was to be worked out on the correct locality basis, with the undisputed superstructure valuation left undisturbed. Case-Laws Indian Laws Wed, 14 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288013