APARTMENT SOLD


This query is : Resolved 

Quick Summary
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.

(Querist)
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?

18 August 2021 Get in touch with a Property surveyor and valuer.

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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