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PRABIR DATTA   22 September 2016

Valuation of hosue built 50 years ago

Dear Sirs,

I want to sell a house inherited by me. It was built in Year 1966 by my father. For the purpose of calculation of long term capital gains, how to get the value of this property for which no record is available. Which department of the government can give this information ?  I would be grateful to receive a guidance.

Regards



Learning

 1 Replies

adv.bharat @ PUNE (Lawyer)     26 September 2016

Government had declared ready recokner rate for the perticular area according its value is calculated.

The depreciation is also calculated for past 50 year then todays value is calculated.

If u like my suggestion then give THANK on my profile.


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