I purchased a property in 1975 and will be selling it in 2025. i want to find the capital gains by both methods i.e. with indexation benefit without indexation benefit a)TO AVAIL INDEXATON BENEFIT 01/04/2001 is taken as base year with index value 100 and there is no index before 2001 i wish to know the fair market value of the property as on 01/04/2001 and as of 01/04/2025 b)WITHOUT INDEXATION BENEFIT what is the fair market value on 01/04/2025 PROPERTY DETAILS location : Zamrudpur, GK I pincode : 110048 property type : 3 BHK flat property area : 1715 sq ft. MCD CATEGORY : E purchase price in 1975 : 2 lacs forty thousand
You need to consult a local registered valuer to get value as on 01.04.2001 and income tax will calculate income tax in both method and give benefit of whichever is lower as deduction.
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As the property was purchased before 2001, cost of acquisition can be actual cost incurred or stamp duty value (i.e. SDV) of the property as on 01.04.2001 whichever is higher. To get the SDV as on 01.04.2001 and of the current date, you can obtain valuation report from the govt. approved valuer. I think in Delhi, SDV is available from 2007.
Benefit of indexation is available to resident only on sale of immovable on or after 23.07.2024
Any capital expenditure incurred post 01.04.2001 can be claimed as cost of improvement
Transfer expenses incurred wholly and exclusively for the purpose of transfer are allowed as deduction from the full value of sale consideration
There are many other points of consideration
For detailed discussion you may opt for phone consultation
can you get my property values by a registered govt. approved valuer in delhi and get my flat valued as on 01/04/2001. There were no circle rates in 2001. What will be the cost of such valuation service? value of the flat was done by me and it was around 2 crores which was somewhat higher than the circle rate. what is the value of my flat on 01/04/2025 as per circle rate in zamrudpur , it is category E as per MCD, area is 1715 square feet as per registered deed. can i sell my flat at circle rate without any legal complications. i, lalit [deleted] , wish to hire a CA to ensure that i do not make any mistakes in this transaction, i have finalised a buyer
Dear Mr. Lalit,
Thank you for reaching out with your detailed queries regarding the valuation and sale of your property in Zamrudpur, Delhi. I understand the importance of ensuring accuracy and compliance in this significant transaction.
Feel free to connect for valuation related work.
Thanks
Damini
- I can assist you in the valuation of the property as on 01.04.2001
For detailed discussion you may opt for phone consultation
Property Valuation & Sale Process
Valuation as of 01/04/2001
Valuation as of 01/04/2025
Selling Without Legal Complications