Calling the Situation Grim, the Supreme Court Takes Suo Motu Cognizance of Delays in NCLT Approvals || Supreme Court: Admission of a Claim by a Resolution Professional is Not Debt Acknowledgment || Supreme Court: Public Figures Must Exercise Caution as Their Words Have Consequences in Society || SC: State Must Act as a Model Employer, Criticising the Union For Not Regularising ISRO Workers || J&K&L High Court: Minor Minerals Have Major Environmental Impacts and Must be Regulated || Del HC: Unexplained Money Received by Public Servant is Not Bribery Without Proof of Official Favour || Del HC: There is No Absolute Bar on Granting Co-Convicts Parole/Furlough Together in Suitable Cases || Bom HC: LARR Authority Can Examine Limitation Issues in Land Acquisition References under 2013 Act || MP HC: Long-Serving Employees Cannot Be Denied Regularisation by Retrospective Statutory Amendments || J&K&L HC: Routine Challenges to Lok Adalat Awards Defeat Their Purpose of Quick Dispute Resolution

Manu Narang and anr v. The Lt. Governor, Government of National Capital Territory of Delhi and ors - (High Court of Delhi) (23 Dec 2015)

Transactions valued below minimum circle rate to be registered

Property

The Delhi High Court disposed of petitions against a government order purporting to take away the Registering Officer’s discretion to register property transactions wherein consideration mentioned in the transfer deed is lower than the circle rate. It directed that such below-minimum-value transactions be registered regardless, with notice of the same given to the parties, pursuant to which Collector of Stamps would determine valuation or consideration.

Relevant : Section 47 Indian Stamp Act, 1899 Act

Tags : STAMP ACT MINIMUM CIRCLE VALUE TRANSACTION VALUE

Share :