How do I find the fair market value of land in 2001?
James Williams
Updated on March 11, 2026
To determine the fair market value in FY 2001-02, one will have to get the sale record from registration office or consult an approved valuer. Fair market value estimation is often guesswork and if one uses an unrealistic value, the ITO may call for a scrutiny. **: CII in 1988-89 = 161; CII in 2001-02 = 426.
How do you calculate the cost of acquisition of land?
You can find the CII values on In the example, CII is 426 and 939 for the years of purchase and sale, respectively. So, indexed cost of acquisition would be 55,10,563 [25,00,000 * (939/426)]. In the same way, adjust additional construction cost against inflation.
How do you calculate property value?
Illustration for calculation total valuation of the property:
- Total Built-up Area – 900 Square Feet / 83.61 Square Metres.
- Balcony/Terrace – 200 Square Feet / 18.58 Square Metres.
- Open Parking – 100 Square Feet / 9.29 Square Metres.
- Floor Number – 5th Floor.
- Lift – Yes.
- Age of Property – 21 to 30 years.
What was the value of land purchased by your Ltd?
P Ltd. Purchase 500 Sq. Meter Land for Rs 1.5 crore to build a factory. At the end of year, the market value of land was Rs 1.35 crore. R Ltd. Treated rs 15 lakh as loss and recorded the Land at Rs 1.35 crore.
What is the market value of land in India?
Meter Land for Rs 1.5 crore to build a factory. At the end of year, the market value of land was Rs 1.35 crore. R Ltd. Treated rs 15 lakh as loss and recorded the Land at Rs 1.35 crore. Is it a correct treatment?
What is the long term capital gains of Rs 80 lakh?
And the long-term capital gains would be Rs 21.51, that is Rs 80 lakh minus Rs 58.49 lakh. Cost Inflation Index:- Cost inflation index (CII) as notified by Central Government alongwith analysis of the same is as under:
What was the value of shares purchased in 1984?
X purchased in 1984-85, 42,000 (non-listed) shares of a company at the rate of Rs. 100 per share with a view to acquiring controlling interest of the company. In 2014-15, he sells the entire lot of 42,000 shares at the market value of Rs. 45 per share.
