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vipul   22 April 2015

Depreciation of property value

Can a flat which was bought 20years ago, (only agreement done between vendor and vende at that time) be shown with depriciation in its value if it is registered today?



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 3 Replies

DEBISREE ADHIKARY MISHRA (SENIOR LAWYER )     22 April 2015

NO.AT THE TIME OF REGISTRATION VALUATION WILL BE DONE AS ON BASIS.

REGARDS,

DAH

Advocate Ravinder (Advocate/Attorney)     22 April 2015

There will be a market value register in each sub registrar office.  Your property will be calculated according to their records.  Your sale consideration or valuation is irrelavant.

T. Kalaiselvan, Advocate (Advocate)     30 April 2015

The market value at the time of registration will be taken into account for stamp duty purpose.

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