MPPRMVG Rules 9

Section 9 · Powers of special revision

(1)

Notwithstanding anything contained in these rules, the Inspector General of Registration and Stamps may order for a special revision of Market Value Guidelines in any specified area under the following circumstances leading to a sudden appreciation of land values-

(a)

setting up of an industry or group or industries or infrastructure projects;

(b)

development of large scale housing projects;

(c)

any other special circumstances having an impact on the values of immovable property in any specified area.

(2)

The cases which are covered under sub-rule (1), the committee constituted under sub-rule (1) of Rule 4 shall take up the revision of Market Value Guideline within the time limit stipulated by the Inspector General of Registration and Stamp.

(3)

Such revised value shall be implemented on a date to be fixed by the Inspector General of Registration and Stamp.

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