Amendment status not verified — confirm the current text below against the official source.
In section 94 of the principal Act, in sub-section (I), in clause (b), after item (v) and the Amendment of entries relating thereto, the following items and entries shall be added, namely:- section 94. "(vi) Release of Benami right in favour The market value of the property as set of persons excepted under sub-sec- forth in the instrument, and in a case tion (3) of section 4 of !he Benami where the market value is finally deter- Transactions (Prohibition) Act, mined by any authontyundersection47-A 1988 (Central Act 45 of 1988) of of the Indian Stamp Act, 1899 (Central immovable property. Act I1 of 1899), the market value as so determined by such authority. (vii) Senlement of immov~blc property The market value of the property as sri other than in favour of a member c ~ r io!~;! in the a~stru:.lent, a!d in a C ~ W members of a family. i~wc. 11~: I I I ~ I ktlt \. il!,c' is final!y detcr- ~~iincd hy any author i3 111 1<ersection47-A 1 ol'the Indi:~n Strunp Act, 1899 (Central Act II OF l899j, rhe market value as so determined by such auihority. Expla~zaiiurr.---For thi: illirposr of this item, the word "fami!yV shall have the same meaning as in the Explanation to item (i) of L;ause ldj oTA~trc' - 28 in Schedule I to the ladian Stamp Act, 1899 (Central Act I1 of 18s:9j, as arneiided by the Indian Stamp (Tamil Nadu Amendment) Act, 198 1 (Tarn? Nsdu Act 42 of 1981).". Amendment of