Computation of Transfer Premium on Court-Monitored Auction Value Under the Maharashtra Land Revenue Code

sketch of the Bombay High Court
Case
ROHSTOFFE INTERNATIONAL PVT. LTD. v. THE COLLECTOR, MUMBAI AND 3 OTHERS (Bombay High Court, 30-09-2026)
Law
Maharashtra Land Revenue Code, Maharashtra Co-operative Societies Act.

Highlights of the Judgment:

  • Analysis of the State's statutory power to charge transfer premium under Section 37A of the Maharashtra Land Revenue Code, 1966.
  • Interpretation of whether transfer premium must be computed using Ready Reckoner Value or Court-monitored Auction Purchase Value.
  • Application of statutory teleology and filling legislative silences by importing policy principles from Rule 4(6) of the Maharashtra Stamp Rules, 1995.
  • Examination of the sanctity of Court-approved auctions in determining true market value without administrative interference.
  • Evaluation of a premises co-operative society's legal authority to levy contributions towards a common amenity fund on incoming auction purchasers.