Circular No. 48794/F3/2017, Correction of Time Limit for Undervalued Documents
The Tamil Nadu Registration Department's Chief Controlling Revenue Authority and Inspector General of Registration issued Circular No. 48794/F3/2017 on 27 December 2017. It amends the Registration Department circular dated 14 December 2017 by clarifying that the 15 day period for referring an undervalued document begins on the date the document is registered, not the date it is presented for registration.
What the circular changes
Circular No. 48794/F3/2017, issued by the Tamil Nadu Registration Department's Chief Controlling Revenue Authority and Inspector General of Registration on 27 December 2017, corrects one sentence on page 2 of the Registration Department circular dated 14 December 2017.
The earlier wording required registration officers to send a document for determination of the proper market value within 15 days from the date on which it was presented for registration. The corrected wording requires them to send it within 15 days from the date on which it was registered.
Documents covered
Circular No. 48794/F3/2017 applies to documents considered to be undervalued and dealt with under section 47A(1) of the Indian Stamp Act. It addresses the administrative time limit for referring such documents so that the proper market value can be determined.
The circular does not itself determine a property's market value. Its specific purpose is to correct the event from which the 15 day referral period is calculated.
Who must act
Circular No. 48794/F3/2017 is addressed to:
- All Sub-Registrars and District Registrars.
- All District Revenue Officers (Stamps).
- All Special Deputy Collectors (Stamps).
Registration officers must make the referral to the District Revenue Officer (Stamps) or Special Deputy Collector (Stamps), as applicable, for determination of the proper market value.
Why it may matter to property parties
Circular No. 48794/F3/2017 may be relevant where a registered property document is treated as undervalued and referred for market value determination under section 47A(1) of the Indian Stamp Act.
The key practical points are:
- The 15 day period starts from registration of the document.
- Presentation of the document for registration is no longer the stated starting point.
- The time limit applies to the registration officer's referral of the document.
- The referral is made to the District Revenue Officer (Stamps) or Special Deputy Collector (Stamps) for determination of the proper market value.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does the 15 day period begin when I submit the document for registration?
No. Circular No. 48794/F3/2017 states that the period begins on the date the document is registered, not the date it is presented for registration.
Who must refer an undervalued document within 15 days?
The registration officer must refer the document for determination of the proper market value within 15 days from its registration.
Which authority receives the undervalued document?
The document is sent to the District Revenue Officer (Stamps) or the Special Deputy Collector (Stamps), as applicable.
Does the circular fix the market value of the property?
No. Circular No. 48794/F3/2017 corrects the starting point for the referral time limit. The referral is made so that the proper market value can be determined.
