If a house is purchased there will be a sale deed which shows the cost to purchase the house from the builder and this sale deed is between the builder and the buyer. Tha same house after purchase when it is registered there is a registration deed mentioning a cost of registration showing a per squarefit rate as provided by the register's offcie. Now when the builder sales the hous it sales at a squarefit rate higher than the sqarefit rate provided by the governmnet/registr's house.
Now in future if this property is sold, there will be profit which will be taxable. Will the profit be calculated on the amount that was given to the builder at the time of purchase or at the squarefit rate provided by the register's office/governmnet at the time the house was purchased?
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