Capital gains

Dr. Shekhar (Querist) 15 March 2018 This query is : Open
I acquired the property in year 2000 for 6 lac.
And sold in FY 2017-18 for 120 lac. The circle rate is 62 lac and the valuation as per Regd. Valuer is 70 lacs.
Can 1 consider the cost of acqn as 70 lac.?

And capital gain of 50 lac ( 120-70)

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