(a) In the case of land-
(i) classification of the land as dry, or wet and the like;
(ii) classification under various categories in the settlement register;
(iii) the rate of revenue assessment for each classification;
(iv) other factors which influence the valuation of the land in question;
(v) points, if any, mentioned by the parties to the instrument or any other person which require special consideration;
(vi) value of adjacent land or lands in the vicinity;
(vii) average yield from the land nearness to road and market, distance from village site, level of land, transport facilities, facilities available for irrigation in any form;
(viii) the nature of crops raised on the land.
(b) In the case of house sites :-
(i) the general value of house sites in locality;
(ii) nearness to roads, railway station, bus route;
(iii) nearness to market, shops and the like;
(iv) amenities available in the place like public offices, hospitals and educational institutions;
(v) development activities, industrial improvements in the vicinity;
(vi) local rates, municipal or other taxes to which such house site may be subject and valuation of site with reference to taxation records of the local authorities concerned;
(vii) any special feature having a special hearing on the valuation or the site; and
(viii) any special feature of the case represented by the parties.
(c) In the case of buildings :-
(i) type and structure;
(ii) locality in which constructed;
(iii) plinth area;
(iv) year of construction;
(v) kind of material used;
(vi) rate of description;
(vii) fluctuation in rates;
(viii) any other features that have a bearing on the value;
(ix) Local rates, municipal or other taxes to which such building may be subject and valuation of building with reference to taxation records of local authority concerned;
(x) the purpose for which the building is being used and the income, if any, by way of rent per annum secured on the building; and
(xi) any special feature of the case represented by the parties;
(d) Properties other than lands, house sites and building ;-
(i) the nature and condition of the properly;
(ii) purposes for which the property is being put to use; and
(iii) any other special features having a bearing on the valuation of the property;
[6.
[7. Order determining the market value.
(i) after considering the objections and representations received in writing from the person to whom notice under sub-rule (2) of Rule 4 has been issued and those urged at the time of the hearing.
(ii) after examining the records before him; and
(iii) after a careful consideration of all the relevant factors and evidence placed before him, pass an order, determining the market value of the properties and the duty payable on the instrument, communicate the order to the parties and take steps to collect the difference in the amount of stamp duty, if any.
Section 5 • Indian Stamp Act (Chhattisgarh Prevention of undervaluation of Instruments) Rules 1975
5. Principles for determination of market value.
indian-stamp-act-chhattisgarh-prevention-of-undervaluation-of-instruments-rules-1975-sec-5.json
•
Section 5
{
"act_title": "Indian Stamp Act (Chhattisgarh Prevention of undervaluation of Instruments) Rules 1975",
"act_slug": "indian-stamp-act-chhattisgarh-prevention-of-undervaluation-of-instruments-rules-1975",
"section_label": "Section",
"section": {
"number": "5",
"title": "5. Principles for determination of market value.",
"chapter": null,
"content": "(a) In the case of land-\n(i) classification of the land as dry, or wet and the like;\n(ii) classification under various categories in the settlement register;\n(iii) the rate of revenue assessment for each classification;\n(iv) other factors which influence the valuation of the land in question;\n(v) points, if any, mentioned by the parties to the instrument or any other person which require special consideration;\n(vi) value of adjacent land or lands in the vicinity;\n(vii) average yield from the land nearness to road and market, distance from village site, level of land, transport facilities, facilities available for irrigation in any form;\n(viii) the nature of crops raised on the land.\n(b) In the case of house sites :-\n(i) the general value of house sites in locality;\n(ii) nearness to roads, railway station, bus route;\n(iii) nearness to market, shops and the like;\n(iv) amenities available in the place like public offices, hospitals and educational institutions;\n(v) development activities, industrial improvements in the vicinity;\n(vi) local rates, municipal or other taxes to which such house site may be subject and valuation of site with reference to taxation records of the local authorities concerned;\n(vii) any special feature having a special hearing on the valuation or the site; and\n(viii) any special feature of the case represented by the parties.\n(c) In the case of buildings :-\n(i) type and structure;\n(ii) locality in which constructed;\n(iii) plinth area;\n(iv) year of construction;\n(v) kind of material used;\n(vi) rate of description;\n(vii) fluctuation in rates;\n(viii) any other features that have a bearing on the value;\n(ix) Local rates, municipal or other taxes to which such building may be subject and valuation of building with reference to taxation records of local authority concerned;\n(x) the purpose for which the building is being used and the income, if any, by way of rent per annum secured on the building; and\n(xi) any special feature of the case represented by the parties;\n(d) Properties other than lands, house sites and building ;-\n(i) the nature and condition of the properly;\n(ii) purposes for which the property is being put to use; and\n(iii) any other special features having a bearing on the valuation of the property;\n[6.\n[7. Order determining the market value.\n(i) after considering the objections and representations received in writing from the person to whom notice under sub-rule (2) of Rule 4 has been issued and those urged at the time of the hearing.\n(ii) after examining the records before him; and\n(iii) after a careful consideration of all the relevant factors and evidence placed before him, pass an order, determining the market value of the properties and the duty payable on the instrument, communicate the order to the parties and take steps to collect the difference in the amount of stamp duty, if any.",
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