Regarding to valuation report on property purchased before 2001
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11 September 2025
If, mr.x purchased property before 2001 and now he sale property in the f.y. 2024-25. mr. X has made property valuation as on 1.4.2001 (which was purchased before 2001) is more than stamp duty value as on 1.4.2001. therefore, Mr. X consider valuation as on 1.4.2001 which is higher than stamp duty value as on 1.4.2001 in their income tax return?
11 September 2025
Not allowed.. Now only circle rate is accepted as of 2001.
11 September 2025
Circle rate would be stamp duty value only?
11 September 2025
Yes, it is the value assessed by Government (Sub-registrar) office in the area; over which stamp duty is levied.
15 September 2025
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