In order to reproduce the issue that I am ufacing, following steps can
be followed

1) Create a polygon with default options
2) Create a second polygon with fill color : red , fillopacity : say
60 , stroke opacity : any value
3) After clicking 'Ok' , open the first polygon that is created.
U can see that the polygon fill color,opacity, fill opacity width ,
etc has changed to the values of the recently saved polygon (second
(red) Polygon )

As a result of this, when i use the saving functionality, the
color,opacity, and other properties of polygon changes according to
the latest saved polygon or polyline.
How can I resolve this?

You can find the code for this at
http://www.google.com/codesearch/p?hl=en&sa=N&cd=5&ct=rc#y5zfaQeXAFY/....googlecode\.com

Thanks in advance