Difference between "Transaction amount" and "Transaction amount assigned" under SFT transaction tab

What is difference between "Transaction amount" and "Transaction amount assigned" for "Purchase of immovable property" item under SFT transaction tab (in AIS Feedback of compliance portal).

I was completing AIS feedback for my father on IT compliance portal as he got SMS from IT Dept. He and myself have jointly purchased a property this year which was showing under SFT transaction tab for "Purchase of immovable property" item. On opening this item, it has one of the fields as "Transaction amount assigned" which I don't understand. This field value is equal to property value in "Transaction amount" field. Is this correct? Or is it actual initial amount paid by taxpayer as down-payment (which is less than total cost of property as rest is loan). Do I need to correct its value to actual amount paid before loan? Please assist. (screenshot attached)

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Quick Summary
This discussion clarifies the distinction between 'Transaction amount' and 'Transaction amount assigned' within the SFT transaction tab on the IT compliance portal, specifically for immovable property purchases. The 'Transaction amount' represents the total property value, while the 'Transaction amount assigned' denotes the portion attributable to each joint owner based on their financial contribution or ownership stake. If a co-owner has no financial involvement, their assigned amount should be zero.

Transaction amount is the consideration amount while Assigned transaction amount is the amount assigned to joint holder of property. So if Mr and Mrs Patel buy a house property in Rs 80 Lakhs with equal oqnership, then Transaction amount will be entire amount of 80 lakh and assigned transaction amount to Mr patel will be 40 Lakhs.

Sir, in case one of the party is just a co owner with no financial transaction, then the assigned amount should be 0. Is that a correct understanding?

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