Supreme Court rules industrial land valuation based on use, not master plan classification

The case concerns a dispute over whether a property used for manufacturing and retail should be classified as 'industrial' or 'commercial' land for calculating stamp duty under the Rajasthan Stamp Act, 1998. The core issue is whether the valuation should be based on the actual use of the land or its classification in the master plan.

Appellant: Harinder Singh Sodhi; Respondents: State of Rajasthan and Ors.; Bench: Justices J. B. Pardiwala and K. Vinod Chandran.

• Leave granted.
• The Court held that the user of the land determines its valuation for stamp duty, not its classification in the Master Plan.
• The Court reversed the High Court's order and upheld the findings of the statutory authorities (Collector and Rajasthan Tax Board) that the property was industrial.
• The appeal was allowed.
• The Court clarified that no refund of the excess stamp duty paid (based on residential valuation) is available, as the valuation was voluntarily carried out by the executant.
• Any pending applications were disposed of.

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