Capital gain charge on market value or sell value?

nitin (back offi) (25 Points)

25 September 2010  

I was bought a flat in 2003-04 total cost including stamp duty Rs. 2,60,000. today guidline of my flat (market value as per registrar/govt) is 9,50,000, and i sold my flat to party in just 8,00,000. but today at the time of registry of flat we will paid STAMP DUTY on 9,50,000 this is ok, but i sell my flat in 8,00,000 Rs. which will mention in registry. so market rate is 9,50,000 and selling rate is 8,00,000 so please tell me what is my capital gain :- 950000-260000 or 800000-260000. and also i want to know that if  stamp duty,legal fee,brokrage paid by me again when i sell flat, all this deduct in my capital gain (eg. - LTCG=(800000-260000)-stamp duty etc)