CAPITAL GAIN TAX REGARDING LAND DEVELOPMENT AGREEMENT

MY QUESTION REGARDING CAPITAL GAIN TAX ON LAND DEVELOPMENT AGREEMENT WAS, WHAT IS THE POINT OF TAXATION FOR THE LAND OWNER, HE WAS OFFERED 6 FLATS FROM THE DEVELOPER AS THE CONSIDERATION. THE LAND VALUE WAS 1.43 CRORE, 

MY SECOND QUESTION WAS, WHAT IS THE VALUE TO BE TAKEN FOR THE 6 FLATS IN COMPUTING THE CAPITAL GAIN TAX.

LASTLY SHOULD HE PAY TAX ON SALE OF THE 6 FLATS TO OTHERS 

THANKS IN ADVANCE