Section Text
1 [(1)] The consideration (if any) and all other facts andcircumstances affecting the chargeability of any instrument with duty, or theamount of the duty with which it is chargeable, shall be fully and truly setforth therein.
2 [(2) In the case of instruments relating to immovable propertychargeable with an ad valorem dutyon the value of the property, and not on the value set forth, the instrumentshall fully and truly set forth the annual land revenue in the case of revenuepaying land, the annual rental or gross assets, if any, in the case of otherimmovable property, the local rates, municipal or other taxes, if any, to whichsuch property may be subject, and any other particulars which may be prescribedby rules made under this Act.]
3 [(3) In the areas where Section 45-A is in force, the instrumentsreferred to in the said section shall fully and truly set forth the market valueof the property which is the subject-matter of the instrument and such otherparticulars as the Sate Government may by rules prescribe.]
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1. Renumbered as sub-section (1) by Act No. 17 of 1966, w.e.f. 15-11-1966
2. Inserted by Act No. 17 of 1966, w.e.f. 15-11-1966
3. Inserted by Act No. 12 of 1975, w.e.f. 1-5-1975