पुणे महानगरपालिका हद्दीतील स. नं. ४२८, क्षेत्र १५०० चौ. मी. चे सर्वसाधारण वार्षिक बाजार मूल्य दर तक्त्यानुसार मूल्य ₹४.५० कोटी इतके निश्चित होत आहे मात्र पुणे महानगरपालिकेने सदरची मिळकत ₹ ५ कोटी किंमतीला विकत घेतली आहे, तर मिळकतीचे कोणत्या मूल्यावर मुद्रांक शुल्क आकारणी होईल ?

The correct answer is Option C (5 crore).

Key Points:
• Core Principle of Stamp Duty Assessment:
• Under Section 3 and Section 31/32A of the Maharashtra Stamp Act, 1958 read with Market Value Rules, stamp duty is chargeable on the true market value of the property or the agreed consideration amount stated in the instrument, WHICHEVER IS HIGHER.
• In this case:
• Annual Statement of Rates (Ready Reckoner / ASR) value = ₹4.50 crore.
• Actual transaction consideration / purchase price agreed and paid by Pune Municipal Corporation = ₹5.00 crore.
• Comparing the two values:
• Maximum(₹4.50 crore, ₹5.00 crore) = ₹5.00 crore.
• Stamp duty is always charged on the higher value to prevent revenue loss. Since the consideration of ₹5 crore exceeds the ASR value, stamp duty must be levied on ₹5 crore.
• Officially verified key confirms Option 3 (5 crore).
• Key Takeaway: Stamp duty is always levied on the higher of the Ready Reckoner (ASR) valuation or the actual transaction consideration.