How do you find the fair market value of property in 2001?
Andrew Ramirez
Published Feb 23, 2026
For example, assuming prices have increased year on year at 10%, the fair market value in FY 2001-02 would be 5 lakh x (1+10%)^13 ~ 17 Lakh. Now the CII in FY 2001-02 is 426. So the indexed cost of acquisition is 17 lakh x (1159/426) ~ 47 lakh.
What is cost of acquisition of property?
Cost of Acquisition (COA) means any capital expense at the time of acquiring capital asset under transfer, i.e., to include the purchase price, expenses incurred up to acquiring date in the form of registration, storage etc. expenses incurred on completing transfer.
When was the first house sold on Primelocation?
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What happens when a rental property is put up for sale?
Even if your rental home is put up for sale, it is still your home. This means that you still have your right to quiet enjoyment and the property owner cannot invite prospective buyers to an open house whenever he or she wants to. A landlord is still obliged to give you 24 hours’ notice. It’s time to ask for bonuses.
What are the rights of a tenant when the property is sold?
1 Tenants still have all their rights during a property sale 2 Landlords cannot just kick their tenants out because they want to sell the property 3 New landlords are obligated to perform an audit at the property’s safety checks, documents and transfer the deposit 4 New landlords need to notify the tenants that the property’s ownership has changed
Can a tenant get out of a lease if the property is sold?
Unfortunately, if your lease doesn’t mention anything about the sale situation, it will be a bit more complicated. State laws in many locations do not give tenants a way to get out of the lease in the case of property being sold. Usually, laws keep you under the same rental agreement but with the new landlord/homeowner.
