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58. Procedure for assessment of the market value of the immovable property by the

Registering Officer

(1) In the case of an instrument relating to immovable property, the Registering Officer shall

assess the market value of the,

(a) agriculture, residential and commercial categories of land, on the basis of the rates

recommended by the District Level Committee constituted under rule 2 (b);

(b) other categories of land, on the basis, of the rates determined by Inspector Geneal of

Stamps with approval of State governemnt or determined by State Government by

notification published in the Official Gazette;

(c) constructed portion, on the basis of the rates determined by State Government;

(d) proportionate land under the multistoreyed buildings on the basis of criteria fixed by the

State government:

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