How to Get Property Valuation

Sherine (NA) (34 Points)

01 August 2021  

Dear Sir/Madam,

My family has sold a property in December 2020 which was in my dad's HUF.

Now to ascertain the capital gains tax applicable, we will have to take the value of the property in 2001 and apply the indexation on it to know the exact gains value.

Now the problem is how to know the value of that property in 2001?

We checked with the Sub Registrar and they have no idea.

Can we take an approximate value and file our taxes or is there a way we need to get the 2001 value?

Thanks a lot for helping on this!

Thanks

Sherine