http://api.neo4j.org/1.8.M06 - Look for class Node and methods family: getRelationships().
You dont need to retrieve both nodes as you can get relationships from any node (it's just a matter of relationship direction),
so basicly you do:
for( Relationship rel: node.getRelationships(Direction.OUTGOING, YourRelationTypeHere) ) {
double w = (Double) rel.getProperty("weightage");
if( w == 70 ) {
w += 123.45;
rel.setProperty("weightage", w)
}
}
Keep in mind that node may have multiple relationship (depends on your application logic), so probably
you need to do some additional filtering.