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Ltcg for pre-2001 property, indexation

This query is : Resolved 
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(Querist)
15 June 2018 Property acquired in 1992 being sold today.
I read an Expert answer that Market Value as at 2001 April 1st should be considered. How to arrive at the value?
Alternatively can we use indexation having 1981 as base? Please elucidate.

What I mean is
Cos of acquisition in 1992 = 2,00,000/-
Indexed Value in 2001 = 2,00,000 x 426 /199 = 4,28,141/-
Indexed Value in 2017 = 4,28,141 x 272/100 = 11,64,544/-

Can we use 11,64,544 as Indexed Cost of Acquisition?
Or If we have to consider Market Value as at 2001 April 1st, is there any guideline provided by the Government for arriving the said value?
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
16 June 2018 You have to take FMV Or Guidance value or Sub register Value as a Base value for 2001,
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Madhu Krishna Vallabhajosyula

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Madhu Krishna Vallabhajosyula (Querist)
19 June 2018 Thank you sir. So we should not consider previous indexation!
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
19 June 2018 Yes, you have to take SRV of 2001
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