Autodidact/Curious
638 Points
Joined October 2014
| Originally posted by : varun mishra |
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How to calculate the Cost of acquisition or fair market value of the ancestral land ? if previous record not available.
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Visit Tehsil/Taluka/District Headquarter , registrar office will help you get the " prevailing circle rates " as on 01/04/2001 ... they will also workout the exact "valuation" ... valuation is not just circle rates based but also depends on the location of the land along with other factors ( e.g whether land is having roads on 2/3/4 side ....how broad are the roads and many other variables...) ... so after taking all this into account final valuation is done...