Amendment status not verified — confirm the current text below against the official source.
Substituted by G.O.Ms.No.45, Law (F) Department, dated 01.06.2016. Declaration of notified area by Government. Construction of certain references in the application of this Act to the Cities of Hyderabad and Secunderabad. Restriction on transfer of immovable property. [Act No. VIII of 1954] 3 exceeding in value the standard price of the property specified in section 5 together with such increase over that price as is permissible under section 6. Explanation.—Where the consideration for such transfer consists partly of money and partly of movable property or immovable property or both, the market value of such movable or immovable property on the date of the transfer, shall, to that extent, be regarded as the price paid for such transfer.