19 Annual Statement of Rates · 19.1 Annual Statement of Rates and stamp duty

19.1.3 Bombay Stamp (Determination of True Market Value of Property) Rules 1995: preparation, approval and publication of the ASR

Under the 1995 Rules, the Town Planning and Valuation Department prepares the draft Annual Statement of Rates, the Chief Controlling Revenue Authority (IGR) approves and issues it, and it comes into force every year on 1 April.

  • MPSC ATP
  • Standard level
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Key terms

  • Determination of True Market Value of Property Rules 1995
  • Annual Statement of Rates
  • ready reckoner
  • Joint Director of Town Planning and Valuation
  • Chief Controlling Revenue Authority
  • Inspector General of Registration
  • last day of February
  • 1st April
  • predetermined price
  • groups sub-groups classes

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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