Capital Gains Valuation in Punjabi Bagh

Punjabi Bagh plots are large and were largely acquired well before 2001, which makes the substitution valuable here. The size of the plots is also what makes the 2001 figure harder to establish than owners expect.

Large plots need matched evidence

A 2001 valuation is only as good as the comparables behind it, and comparables for a very large plot are scarce in any period. Rates from ordinary sized properties do not transfer, and applying them produces a figure that inflates the cost base.

The same quantum effect that softens the rate on a large plot today applied in 2001. We look for sales of comparable size from the period and adjust openly where we have to reach for them.

West and East Punjabi Bagh

The two sides differed in 2001 as they do now, and the evidence separates them. We use the correct side rather than treating the name as one market.

The colony sits in category B of the circle rate schedule, and its notified history from the period forms part of the working.

Kothis that have since become floors

Where a large kothi has been rebuilt into separately owned floors, the land share carries the 2001 value and each floor's construction is a separate improvement cost with its own year.

On a large plot the land share is substantial, so this split matters more here in absolute terms than in a colony of smaller properties.

Costs that get missed on old holdings

Duty and registration from a purchase decades ago. The cost of a major rebuild and its year. Any authority charges paid. On a property held since the seventies these can add up to a meaningful reduction in the gain.