religious trust

If the land was donated by a person at the time of creation of the trust then it was liable to stamp duty according to its value on that date. 

If the land was donated by a person after the registration of the trust with the Charity Commissioner; then it can be added according to the fair market value of the land on the date of acquisition by the trust. 

On  that value you can introduce the land in the trust.

U can record Land at a Nominal Rate in ur Books by crediting Capital Fund Account and Debiting Land Account.