By valuation of the land (or property, if constructed before 2001) as on 01.04.2001, from registered valuer.
Indexation of construction cost to be calculated from the date of its completion certificate.
As the property is sold in 2016 (properties sold before 2017 valations is done for 1981 and properties sold after 2017 valuation is done for 2001) the valuation of land and building shall be taken as on 1981.
laxmikant surve
Govt. Reg. Valuer
laxmikantsurve9 @ gmail.com
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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