tax on purchase of property above 50 lacks

1. As a precaution, the agreement value should not be less than 95% of circle rate. Because the capital gains would be calculated over circle rate (for saller), while purchaser will have to pay tax over the difference amount.

2. In Form 26QB, the sale consideration will be as per agreement value.

If your agreement value is 73 lakhs, the total value of consideration will be 73 lakhs only.

But the payment may not be whole at a time....... it can be in some installments.... as  such payment value will differ for each, and thus for each payment 1% TDS will be deducted.