CHITRA VENKATARAMAN
KK Flats (P) Ltd. Rep. by its Managing Director D. Muthukumar – Appellant
Versus
The Inspector General of Registration Chennai – Respondent
These four Civil Miscellaneous Appeals are against the orders of the Inspector General of Registration dated 18.5.2010. The issue raised in these appeals are common and hence, a common order is passed.
2. The appellants herein purchased the lands in question which are situated near the Vaigai river bank. The total extent of land purchased under individual sale deeds in the year 2005 of varying extent in respect of all these appeals is 4 acres and 75 cents in Sathamangalam, Madurai District.
3. The admitted fact herein is that the lands in question are on the bank of river Vaigai on the way to Anna Nagar in Madurai. The lands are in a low lying area, 12 to 15 feet below the normal prevailing conditions of other lands. There is no proper approach road to reach the said lands. Based on the document value of the year 1995, executed by the very same vendors as arrived at by the Inspector General of Registration, fixing the value at Rs.5,00,000/-per acre vide order dated 10.11.1995, adopting the further appreciation of 15%, the appellant herein contended that the value of the said lands, at best, as on the date of sale, could be taken at Rs.11 lakhs, considering the locational
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