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Valuation

1. What is meant by Market Value?
Ans: Market value means the valus of the property in the Open Market or the amount of consideration mentioned in the document whichever is higher.

2. Stamp Duty should be paid on the Market Value or on the basis of the consideration mentioned in the document?
Ans: Stamp Duty has to be paid on the Market Value and not on the amount mentioned in the document.

3. Whom to we contact to find out the market rate of a perticular property?
Ans: The Sub Registrar in whose juridiction is said property is located has to be contacted to ascertain the Market Value.

4. Is the Market Value ascertained by the SR binding on the individual?
Ans: No
 
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