ORDER :

This Writ Petition is filed challenging the notice bearing No.25 of 2009, dated 21.01.2009, wherein the petitioner is required to pay the deficit stamp duty amount of Rs.12,25,75,285/-.

2. Heard Sri B.Krishna Reddy, learned counsel for the petitioner and Ms. Chandana Adamala, learned Assistant Government Pleader for Stamps and Registration.

3. This Court, by an interim order, dated 27.04.2010, directed respondent No.3 to register and release the Assignment Deed in question in favour of the petitioner. However, the said registration and release of the document was subjected to the result of this Writ Petition.

4. The facts that lead to filing of the present Writ Petition are that, originally the property, which is the subject matter of Assignment Deed was leased out in favour of M/s. Hyderabad Allwyn Limited (previously known as Hyderabad Allwyn Metal Works Limited) under a registered Lease Deed, dated 08.01.1963, for a period of 99 years i.e., land admeasuring Acs.7.31 gts., in Fatehnagar Village, Sanathnagar, Hyderabad. The leasehold rights that were acquired by M/s. Hyderabad Allwyn Limited are sought to be assigned in favour of the petitioner herein in respect of an extent