1987: HARYANA ACT,1] INDIAN STAMP (HARYANA AMENDMENT

The Indian Stamp (Haryana Amendment) Act, 1986

The Indian Stamp (Haryana Amendment) Act, 2020, is a legislative measure designed to prevent the evasion of stamp duty on property transactions in Haryana. It mandates that if a property is registered at a value lower than the government-determined minimum market value, the Registering Officer must refer the instrument to the Collector for a valuation inquiry. The Act empowers the Collector to determine the correct market value and recover any deficient duty. It also grants the Collector authority to review cases within three years of registration and establishes an appellate process, ensuring that the state collects appropriate revenue while providing citizens a mechanism to contest valuation assessments.

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