The issue relating to proper valuation of the land sought to be sold by the respondent under a document presented before petitioner No.3 was referred to petitioner No.2 under Section 47(A) of the Indian Stamp Act, 1899 (for short, “the Act”) by the former. Consequently, petitioner No.2 determined the value of the land at Rs.3,715/- per square yard. Feeling aggrieved by the said determination, the respondent filed C.M.A.No.16 of 2007 in the Court of the learned Principal Senior Civil Judge, Srikakulam (for short, “the civil Court”). The civil Court, by its order dated 23.12.2008, reduced the value of the property from Rs.3,715/- to Rs.2,500/- per square yard. It is this order, which is assailed in this Civil Revision Petition. At the hearing, Sri Ramchandra Murthy, learned Assistant Government Pleader for Arbitration, submitted that the civil Court failed to apply proper parameters in reducing the value of the property. Sri P. Krishna Prakash, learned counsel for the respondent, opposed this contention.