Preparing to sell your property in Gurugram? Complete these essential pre-sale checks before signing the sale deed. Review your acquisition documents, developer clearances, occupancy status and applicable capital gains and Section 50C requirements with the right professional guidance.
Five important checks to complete before proceeding with your property transaction.
Keep your original acquisition document ready. Verify the acquisition date required for Section 50C assessment and Method A/B computation.
Obtain the relevant developer's No Objection Certificate (NOC) or society clearance. Confirm that there are no outstanding maintenance dues.
Obtain and verify the relevant tower's Occupancy Certificate issued by the competent authority, as applicable, and confirm the property's occupancy status.
A2Z Valuers offers a preliminary check to confirm whether the agreed sale price falls within the applicable 10% tolerance band above the Haryana Collector's Guideline Value (CGV).
Obtain your CA's instructions regarding Method A/B computation, a Section 50C certificate if needed, and the specific acquisition cost required for the dual computation.
Get professional guidance on Fair Market Value (FMV), Section 50C and property documentation before proceeding with your sale transaction.
Professional Note: The preliminary Section 50C check is an initial assessment. The applicable statutory provisions, valuation requirements and tax computation should be reviewed with your CA and relevant valuation professional based on the transaction facts and applicable law.