Capital Gains Valuation in Greater Kailash 1
Greater Kailash 1 was long established by 2001, so the substitution applies widely here. Because almost everything is a builder floor, the land share and the construction year have to be separated carefully.
Nearly every case is a builder floor case
Almost all stock here is builder floors. The typical position is an old plot with a much newer structure, and the tax computation follows that split.
The land share attaching to your floor takes the 1 April 2001 value. The construction is a cost of improvement indexed from the year it was actually built. Doing it any other way discards the 2001 benefit on the land, which in this colony carries most of the value.
Floor level in a retrospective valuation
Ground floors with parking command a clear premium now, and the same pattern existed in 2001. A 2001 valuation has to be for your floor rather than for a notional average floor in the block.
We use evidence from the same floor level of the period wherever it exists, and say what we used.
Distance from M Block market, then and now
The market has always cut both ways here, adding convenience and taking away quiet and parking. The balance in 2001 was not identical to today, and the evidence rather than the assumption sets the figure.
The colony sits in category B of the circle rate schedule, whose notified history supports the sale evidence from the period.
Documents worth finding
The deed for the floor, the document establishing the undivided land share, any record of when the current structure was built, and the duty and registration receipts from acquisition.
Questions we get in Greater Kailash 1
- The plot was bought in 1980 and our floor built in 2008. Which date governs?
Both, for different elements. Land share at the 1 April 2001 value, construction as improvement indexed from 2008. The saving comes from the land, so getting the share right is the important part.
- We bought the floor outright in 2011 from a builder. Does 2001 apply?
To you, generally no, because you acquired in 2011. What you paid is your cost. Whether any earlier interest passed to you depends on the documents, so send them and we will check.
- Does terrace area count in the 2001 value?
Where the rights are documented, yes, they form part of what you acquired. Undocumented terrace use is a much weaker position and we say so plainly.
- Our neighbour used a much higher 2001 figure. Can we use theirs?
No. The figure must be evidenced for your property, its floor and its share. Borrowing a neighbour's number is exactly what gets a report rejected.
Checked by Parish Rao, Chartered Engineer and Government Approved Valuer (Registration number CAT-I/443/117/2000-01).
Page last checked on 7 October 2026.