Capital Gains Valuation in Saket

Saket holds three different kinds of property under one name, and for a 2001 valuation that matters more than usual, because they were not all worth the same then and some of them did not exist yet.

Which of the three do you own

Authority flats, society apartments and builder floors sit side by side here. The authority stock is the oldest and was well established by 2001. Many builder floors were constructed considerably later, on plots that did exist in 2001.

So the first step is identifying which you hold, because it determines both whether the 2001 rule applies and what evidence we go looking for.

Builder floors on older plots

This is the case that needs care. The plot may have been acquired decades ago while the floor you own was built in, say, 2012. The land share carries the 2001 value; the construction is a separate cost of improvement indexed from the year it was built.

Treating the whole thing as acquired in 2012 throws away the 2001 substitution on the land, which is usually the larger part of the value in south Delhi. It is a costly mistake and a common one.

Evidence from the period

Registered sales of authority flats in Saket from around 2001, the notified circle rate history for a category C colony, and comparable evidence from adjoining pockets where necessary.

Proximity to the metro and the mall cluster is a much bigger factor now than it was in 2001, and a 2001 valuation has to reflect the colony as it stood then rather than as it stands today. That is a distinction desk exercises miss.

Before the sale is agreed

Check the notified value for your pocket. Where a sale price falls below it, the computation can run on the notified figure. In a colony where condition varies as much as it does here, that gap is worth checking.