Capital Gains Valuation in Defence Colony

Defence Colony was fully established decades before 2001, so the 1 April 2001 value applies to most owners here and it is usually worth a great deal. The care goes into the land share under a builder floor.

An old colony with good records

The colony was laid out and built long before the cut off, and there is real recorded transaction evidence from around 2001 for both whole houses and the floors that existed then.

That makes a defensible 2001 figure comparatively straightforward here. The evidence exists; the work is in selecting the right comparables and adjusting them honestly.

The land share under a floor

A large share of the stock is now builder floors. Where the original plot was held before 2001 and the floor was built later, the land share carries the 2001 value and the construction is a separate improvement cost indexed from its own year.

Establishing the undivided land share correctly is what makes that computation work. It comes from the documents rather than from dividing by the number of floors.

Block position in a 2001 valuation

Blocks nearer the central market behaved differently in 2001 as they do now, though the spread was narrower then. We use evidence from the right part of the colony rather than a single Defence Colony rate.

The colony sits in category B of the circle rate schedule, and the notified history for that band supports the sale evidence.

What to gather before you call

The purchase deed, whatever it says and however old. Any record of the rebuild and its year. Duty and registration receipts. Property tax records, which often survive when deeds do not.