ValidateRequest="false" doesn't work in Asp.Net 4

Found solution on the error page itself. Just needed to add requestValidationMode="2.0" in web.config

<system.web>
    <compilation debug="true" targetFramework="4.0" />
    <httpRuntime requestValidationMode="2.0" />
</system.web>

MSDN information: HttpRuntimeSection.RequestValidationMode Property

There is a way to turn the validation back to 2.0 for one page. Just add the below code to your web.config:

<configuration>
    <location path="XX/YY">
        <system.web>
            <httpRuntime requestValidationMode="2.0" />
        </system.web>
    </location>

    ...
    the rest of your configuration
    ...

</configuration>

I know this is an old question, but if you encounter this problem in MVC 3 then you can decorate your ActionMethod with [ValidateInput(false)] and just switch off request validation for a single ActionMethod, which is handy. And you don't need to make any changes to the web.config file, so you can still use the .NET 4 request validation everywhere else.

e.g.

[ValidateInput(false)]
public ActionMethod Edit(int id, string value)
{
    // Do your own checking of value since it could contain XSS stuff!
    return View();
}