PRICE VERIFICATION
Understand the Fair Market Value
Before You Buy
For a luxury flat priced above
₹3 crore, consider an independent
Fair Market Value (FMV) assessment
before committing to the purchase. A properly scoped
valuation can provide documented analysis of the
property's characteristics, relevant market evidence
and the basis for the assessed value.
Where a formal valuation certificate under
Section 34AB is being considered,
first confirm the applicable statutory requirements,
the purpose of the valuation and the valuer's
eligibility for that assignment.
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Review the asking price against relevant evidence
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Document the valuation purpose and assumptions
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Make a more informed purchase decision
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