Can i sell my property less than the agreement value

Can I sell my property less than the agreement value with which I have bought.

For eg..

1. Purchased property in Oct 2013 on Home Loan for 45L excluding of  paid stamp duty and registration (in mumbai)

2. Can i Sell my property at 35L (which is equal to circle rate) as in dire need of money and cope up with the l

What will be the tax implications?