HISTORICAL VALUATION
Establishing FMV as of 1 April 2001
For an eligible asset acquired before 1 April 2001,
Section 55 provides an option to use actual cost or
fair market value as of that date, subject to the
applicable statutory conditions. For land or buildings,
the statutory stamp-duty-value restriction must also
be considered where applicable.
A historical valuation may examine the property's
location, configuration, age, available records and
reliable evidence relevant to the valuation date.
DLF Phase 1 and Phase 2 properties
should be assessed individually; a brand premium
should not be presumed without supporting evidence.