Fair value of land is be considered as on date of execution of document

State of Kerala Vs Sunitha Paul (Kerala High Court) Conclusion: Where the document was executed by the parties prior to the revision of the fair value, the valuation need only be done in accordance with the fair value existing as on the date of execution of the document and the stamp duty for the purpose of registration need be calculated accordingly. Held: The subject issue relates to the fixation of the fair value of land by the Statutory authority under Section 28A of the Kerala Stamp Act, 1959 (‘the Act, 1959’ for short), the attendant rules, and the consequences arising from ...