When I purchased an apartment some time back (8 yrs ago) the actual registration shows 6L but as per market value got it for 12L and the bank approved loan was for 9L. Recently sold it and to calculate LT capital gains I want to consider the market value of 12L but sale deed shows only 6L. So, how can I justify the purchase value as 12L? Is it possible, if so request your guidance on this? How one to show whether Registered Value Vs Actual value?
You are not allowed to show the actual amount you paid. You must show the amount which is available in sale deed while buying an apartment. Refer my earlier blog posts on the same. I mentioned this issue in detail.
- Flat, land and Property Stamps and Registration charges in Bangalore and India
- Guidance Value of Bangalore – How it affects property price?