A reading of the above judgment would go to show that merely because the property is being used for commercial purpose at a later point of time, it may not be a relevant criterion for assessing the value for the purpose of stamp duty. The nature of user is relatable to the date of purchase and it is relevant for the purpose of calculation of stamp duty. Therefore, it is clear that the usage of the land in future cannot be a basis for assessing the value.
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED : 16.09.2014
CORAM
MR. JUSTICE R.SUBBIAH
C.M.A.No.2109 of 2014
and M.P.No.1 of 2014
M/s.Karpagavinayaga Associates, vs. The Inspector General of Registration of Tamil Nadu cum Chief Controlling Revenue Authority, Chennai.
Citation; AIR2015 Madras 7
