PARKASHWATI vs CHIEF CONTROLLING REVENUE AUTHORITY &ORS

The Supreme Court upheld the decision of the Chief Controlling Revenue Authority regarding the valuation of property under Section 47-A of the Stamp Act, which was challenged by the appellant. The Court clarified that the procedure for determining market value as prescribed in subsections (3) and (4) of Section 47-A was adequately followed, and the High Court's dismissal of the writ petition was justified. The Court emphasized that the minimum market value determined under Rule 351 of the U.P. Stamp Rule 1942 does not preclude a higher valuation if warranted by the circumstances.