https://www.taxtmi.com/caselaws?id=466489 Section 47-A valuation requires the registering authority to refer undervaluation disputes where the disclosed consideration does not reflect true market value, and the Collector must then determine market value after inquiry and hearing. Rule 5 governs that exercise, while guideline rates under the 2000 Rules are only prima facie aids and cannot be treated as conclusive. Market value must be assessed with reference to the deed execution date and all surrounding circumstances, including location, access, utility, and comparable factors. Applying these principles, the valuation orders were found unsustainable because the authorities considered the materials mechanically and failed to evaluate the relevant circumstances, so the matter required fresh determination after full opportunity to the parties. en-us Tue, 20 Sep 2011 00:00:00 +0530 Tue, 10 Feb 2026 16:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466489 Section 47-A valuation requires the registering authority to refer undervaluation disputes where the disclosed consideration does not reflect true market value, and the Collector must then determine market value after inquiry and hearing. Rule 5 governs that exercise, while guideline rates under the 2000 Rules are only prima facie aids and cannot be treated as conclusive. Market value must be assessed with reference to the deed execution date and all surrounding circumstances, including location, access, utility, and comparable factors. Applying these principles, the valuation orders were found unsustainable because the authorities considered the materials mechanically and failed to evaluate the relevant circumstances, so the matter required fresh determination after full opportunity to the parties. Case-Laws Indian Laws Tue, 20 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466489