Registration of self built house

krishnamurthy (Retired) (32 Points)

02 October 2018  

A person built his house on a piece of land, with due approval of the town planning dept. He pays property tax based on the built-up area of the house.

Does he have to register the property?

When he sells the house after three years, how will one calculate the LTCG when there is no registered record for the original cost.