Vibhu Bakhru, J.

The petitioner has filed the present petition impugning an order dated 16.03.2018 (hereafter “the impugned order”), passed by the Court of the Additional District Judge, South-East District, Saket Courts, New Delhi, rejecting the petitioner's appeal preferred under Section 47A(4) of the Indian Stamp Act, 1899 (hereafter “the Stamp Act”).

2. The controversy involved in the present petition relates to the quantum of stamp duty payable on the sale deed in respect of a property admeasuring 1100 sq. yards bearing No. 66A, Friends Colony (East), New Delhi-110065 (hereafter “the said property”). The petitioner claims to have paid a sum of Rs.36 crores as sale consideration for purchase of the said property which is duly reflected in the sale deed. The Collector of Stamps (hereafter “the Collector”) has determined the value of the said property at Rs.71,61,59,700/- on the basis of the prevailing circle rates. On the basis of the said value, the Collector has assessed the stamp duty payable at Rs.4,29,79,582/- and, after adjusting the amount of Rs.2,16,00,000/-b