When the deed is executed for 1.2 crores last month, is it right to certify its value for 5.0 crores?

CEV CELEBRATING AAZADI KA AMRIT MAHOTSAV

KNOWLEDGE BANK FROM B KANAGA SABAPATHY 

LET KNOWLEDGE SPREAD

“Questions and Opinions – 10/01/2022”.

When the deed is executed for 1.2 crores last month, is it right to certify its value for 5.0 crores?

Question :

It is a commercial vacant site situated on a busy road. The sale deed was executed only last month and the sale consideration mentioned in the deed was Rs. 1.2 crores. It was a transaction between close relatives and it was undervalued. Now, I have been approached by the buyer for a valuation report. I am very sure that the present market value is 5.0 crores. I have applied a 4-way test also and the answer is ‘Yes’ for all four questions. When the deed has been executed for 1.2 crores only last month, is it right for me to certify for 5.0 crores? I am confused.

Opinion :

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With best wishes,

B. KANAGA SABAPATHY
bkvaluer@gmail.com
www.bkanagasabapathy.com

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