HELLO FRIENDS, IF ANYBODY PURCHASES THE THE PROPERTY IN 1978
AND NOW HE SELLS IT
THEN HOW TO GET THE FAIR MARKET VALUE AS ON 1-4-1981
WHETHER IT HAS TO BE MADE FROM ARCHITECHT
IF YES WHETHER THE ARCHITECT SHOULD BE NEW OR THE ONE WHO EXISTS IN 1981,
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fair market value
Replies (6)
Dear Sagar,
The same question was asked earlier..
Some of the friends said that FMV can be obtained from Registered Valuers,etc...
Mr.Sagar..
sss...you can ask the registration authorities about the FMV of that property in 1981........ The authorities will provide you the value of that property -1981....
MR sagar,
if any property is sold now which was purchase in 1978,then u can take FMV OR COST whichever is higher.FMV on 1.04.1981find out through Registered Valuers even if he is new or old..
It is better to get the value from Registered Valuers. They will provide eassily.
its better to get from registered valuers
Dear sagar,
I totally agree with Mr.Jitendra Jain.
Regards
Kanti Jain
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