APARTMENT SOLD

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When selling an apartment acquired in 1990, you need to establish its market value as of April 1st, 2001, for indexation purposes. This can be achieved by consulting a property surveyor and valuer. Alternatively, you can obtain the circle rate for flats in that area from the Sub-Registrar's office as of April 2001.

CA Rapunzel

CA Rapunzel (Querist)
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18 August 2021 I SOLD AN APARTMENT WHICH WAS AQUIRED IN 1990. HOW SHOULD I DERIVE ITS MARKET VALUE ON 1.04.2001 FOR THE PURPOSE OF INDEXATION?

CA Raj Doshi

CA Raj Doshi (Expert)
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18 August 2021 Get in touch with a Property surveyor and valuer.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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26 September 2021 Agreed. One more option is to get the circle rate of the flats in the area as of April, 2001; from Sub-Registrar office of the region.

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