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Section 27A

Fixation of Market Value Guidelines.

1[27-A. Fixation of market value guidelines.–– Subject to rules made, in this behalf, the 2[Government of the Union territory of Jammu and Kashmir] may fix and revise periodically the market value guidelines of lands, buildings and various kinds of interests in immovable property situated in the 3[Union territory of Jammu and Kashmir for the purpose of determining the duty chargeable at the time of registration and for making reference to the Collector under section 47-A, of instruments involving immovable properties.]


1. Section 27-A inserted by Act XII of 2011, s. 18.
2. Substituted for “Government” by S.O. 1229(E) dated 31.03.2020.
3. Substituted for “State” ibid