(1) Where -

(a) in any enactment a monetary amount is specified for the market value of land for the purpose of -

(i) conferring or limiting the jurisdiction of the Circuit Court in civil proceedings, or

(ii) requiring or authorising the Circuit Court to transfer civil proceedings to the High Court, and

(b) the plaintiff or applicant in any such proceedings alleges that the market value of the land concerned does not exceed such monetary amount,

it shall, in the proceedings concerned, be presumed, until the contrary is proved, that the market value of such land does not exceed the foregoing amount.

(2) This section shall not apply to civil proceedings initiated before the passing of the Courts Act 2016.