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selling a property in India - propert valuation (fair market value) as of 1981?
Posted: Tue Sep 13, 2011 3:42 am
by todo
While computing capital gain, I need to know the fair market value as of 1981. How do I come up with that? Do I need to hire a property valuer? If yes, what are the charges?
Also, there is a lot of maintenance and improvement work done on the property. How do I demonstrate that while filing tax? Is there a column for that? Do I need a receipt (which may be hard to trace since it was done a while ago.)?
selling a property in India - propert valuation (fair market value) as of 1981?
Posted: Thu Oct 20, 2011 10:44 pm
by anuj106
Dear Todo,
Yes, you shall need to hire a property valuer to do the job. Charges are normally not very high.
You can prove the maintenance and improvement work done through Bills and receipts or through the payments made from your bank account.
Anuj
+91-9810106211
femaquery at gmail dot com
selling a property in India - propert valuation (fair market value) as of 1981?
Posted: Wed Oct 26, 2011 7:44 am
by todo
anuj106;417883Dear Todo,
Yes, you shall need to hire a property valuer to do the job. Charges are normally not very high.
You can prove the maintenance and improvement work done through Bills and receipts or through the payments made from your bank account.
Anuj
+91-9810106211
femaquery at gmail dot com
How to hire such valuer from abroad? Is there a service an NRI can use?
selling a property in India - propert valuation (fair market value) as of 1981?
Posted: Wed Oct 26, 2011 12:03 pm
by anuj106
We can help you in getting valuation from a valuer.
Kindly specify the city in which your property is situated for which you need the valuation.
You can get in touch with me.
Anuj
femaquery at gmail dot com