classification of the land and the nature of user, on the date of registration shall be taken as criteria for fixing the market value. But, the authority shall not fix the value on the basis of future development

Special Deputy Collector (Stamps), Chennai Collectorate, Singaravelar Maligai, Chennai, Vs. Thajunnisa and others 

 (2015) 6 MLJ 129, 

wherein, it has been categorically held that the classification of the land and the nature of user, on the date of registration shall be taken as criteria for fixing the market value. But, the authority shall not fix the value on the basis of future development.