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Fair Market value of property purchased before 1/04/2001

Others 2213 views 7 replies
one of my client wants to sale a property which was acquired before 1/4/01 & for fair market value he has obtained a valuation report form a valuer. In that report valuer has given various values such as value of flat, realisable value, distress value & government value. So which value should I take for fair value of the property.
Replies (7)

Take Government value for no conflict.

Value of the flat may also be taken, but ITO may raise a conflict.

Take the redy reckoner value, that is the value on which the stamp duty is paid. It is same as government value.

You can get  market value from sub register by request

Hi !

Go by govt value....safe

Guidelines value can be obtained from subregistar in their area by applying This value msy be accepted by department

Yes, I agree with the above comment
I also agree


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