Tds on immovable property

shailesh deshmukh (doctor) (25 Points)

07 October 2016  
I had purchased a flat and sale agreement was done of rs 49.5lakhs. Which means i had paid rs 49.5 lakhs to the seller. But market value (ready rekoner rate) of that flat was rs 52 lakhs. So do i have to pay tds? Is tds calculated on market value of property or the actual amount which the buyer pays to seller?