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fair market value

SAGAR (CA) (129 Points)

13 February 2010

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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6 Replies

Amir (Learner) (4016 Points)
Replied 13 February 2010

Dear Sagar,

The same question was asked earlier..

Some of the friends said that FMV can be obtained from Registered Valuers,etc...

C.Balaji (Learner) (1867 Points)
Replied 13 February 2010

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....

jitendra jain (delhi) (80 Points)
Replied 13 February 2010

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..