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Cost

Tax queries 170 views 4 replies

How to calculate the Cost of acquisition or fair market value of the ancestral land ? if previous record not available.

 

Replies (4)

Get Valuation report from certified valuer as of April, 2001

Dear Sir how to get report from certifed valuer as of april,2001?

Originally posted by : varun mishra
How to calculate the Cost of acquisition or fair market value of the ancestral land ? if previous record not available.

 


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... 

thank you so much for your reply sir.


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