Rule – 48K, Value of immovable property
at
48K . The value of any immovable property for the purposes of sub-section (1) of section 269UC shall be, where the agreement for transfer prescribed under the said sub-section—
| (a) | is entered into, on or before the 31st day of July, 1995, the apparent consideration of that property exceeding 10 lakh rupees; | |
| (b) | is entered into, after 31st day of July, 1995, the apparent consideration of that property as specified in column (3) of the Table below : |
| Sl. No. | Area within which the appropriate authorities shall perform their function | Value of any immovable property for the purposes of sub-section (1) of section 269UC |
| (1) | (2) | (3) |
| 1. | The area comprised in Greater Bombay as notified vide SO 480(E), dated 7th August, 1986 | The apparent consideration of the property exceeding Rs. 75 lakhs. |
| 2. | The area comprised in the Union territory of Delhi as notified vide SO 480(E), dated 7th August, 1986 | The apparent consideration of the property exceeding Rs. 50 lakhs. |
| 3. | The area comprised in Calcutta Metropolitan Area and Madras Metropolitan Planning Area as notified vide SO 480(E), dated 7th August, 1986 | The apparent consideration of the property exceeding Rs. 25 lakhs. |
| 4. | The areas comprised in Bangalore Metropolitan Region and the areas declared as Ahmedabad Urban Deve-lopment Area and the areas comprised in the city of Ahmedabad as notified vide SO 835(E), dated 21st September, 1987 | The apparent consideration of the property exceeding Rs. 25 lakhs. |
| 5. | The areas comprised in the city of Pune as notified vide SO 339(E), dated 8th May, 1989 | The apparent consideration of the property exceeding Rs. 25 lakhs. |
| 6. | The areas other than those mentioned at Sl. No. 5 above and notified vide SO 339(E), dated 8th May, 1989; SO 53(E), dated 19th January, 1990 and SO 180(E), dated 14th March, 1991 | The apparent consideration of the property exceeding Rs. 20 lakhs.] |
