Allahabad, Sep 29 (UNI) The Allahabad High Court today held that market value of land is to be judged by its nature and use and the authorities were not required to judge the land which could be put to different use in future.
Justice Tarun Aggarwal gave this ruling, while quashing the orders of DM Jaunpur and Commissioner Varanasi division, by which the deficiency of stamp duty was imposed on the sale deed executed by petitioner A K Dubey.
The petitioner had paid the stamp duty applicable for that area for agricultural land. The authorities declared it to be deficiency of the stamp duty on the grounds that the land was abutting a road, therefore appropriate stamp duty was required to be paid.
Allowing the writ petition, the Court said ''mere fact that land is adjoining on 'abadi' land will not make the agriculture land as an abadi(residential) land unless the land in question was converted into a residential land by the authorities concerned. UNI VCP JAS RSA VC2205