specialist in stamp duty registration, adjucation & documentation
Market value movable property

Market Value in relation to any property which is subject matter of the documents means the price which such property would have fetched if sold in the open market on the date of execution of such documents or the consideration stated in the documents, which is higher.

However, for payment of stamp duty, market value is the value as worked out as per Stamp Duty Ready Reckoner, Under 50 (C) Income Tax Act. The Market value for the purpose of the capital gain tax is the same as the market value for stamp duty payment which worked out as per the Stamp Duty Ready Reckoner.

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