Property Use, Not Area Classification, Determines Industrial Stamp Duty Valuation: Supreme Court

The Supreme Court has delivered a significant verdict clarifying the criteria for determining the stamp duty valuation of land for industrial purposes in Rajasthan. The court ruled that the actual use of the property, rather than its classification based on a master plan or area zoning, is the primary factor for assessing whether land qualifies as industrial under stamp duty rules. This decision impacts how properties are valued for stamp…