Sale of a redeveloped property in Mumbai

- What is the reason for increase in area?

- For SDV as on 01.04.2001, you can obtain valuation report from the registered valuer or from sub-registrar office

For detailed discussion you may opt for phone consultation

1. Additional Square Footage: The increase in square footage doesn't directly affect capital gains tax. It's the overall sale price that matters. If you have costs associated with the additional space, include them in the improvement costs, potentially reducing your capital gain.

2. Circle  Rate: Use the April 1, 2001, rate for calculating the indexed cost of acquisition, as the original date of property acquisition is generally considered for tax purposes, not the date of possession after redevelopment.

Please let me know if you need any other clarification!

Hope you find the information helpful. You are free to contact me for further discussion.If you could spare two minutes of your time to write a review, It would be really grateful and very happy to read it.

Thank you.

Shubham Goyal