Bhubaneswar, Sept. 2 -- The Orissa High Court has quashed the benchmark valuation of immovable landed property in Ganjam district on the ground that the valuation was on a much higher side contravening the relevant provisions of Odisha Stamp Rules, 1952.
Benchmark valuation is the government-prescribed minimum values for properties, which are used for stamp duty calculation and are updated periodically by the government.
The District Level Valuation Committee (DLVC) in Ganjam enhanced the Bench Mark Valuation (BMV) of the immovable properties in different areas of Ganjam District under different Subdivisions and Tahasils to the exorbitant percentages much more than 100 per cent without application of the minds of the members of the DLVC a...