I sold inherited property, for that I have obtained valuation report from registered valuer. He quoted 2 rates one is Ready recknor rate and another is valuation report rate which is higher side than ready recknor rate ( stamp duty rate )
Now My CA has told me with effect from FY 2021. New ammendment in section 55 has brought new changes where it is quoted for getting 2001 valuation. Fair market value should not exceed stamp duty value
I have personally checked it and found the same , in this case what needs to be done ? As RR rates around those years are at dirt cheap rates god now why .. shall I. Go with fair market rate or stick to RR
Thanks in advance
CAclubindia
