Hi,
I am planning to buy a resale under construction property. Flat is due to be delivered in another year, but the current owner wants to sell it for a profit.
For a scenario, lets suppose he has bought the property at 1 Cr and now selling at 1.5Cr.
The Value in the Assignment Agreement is 1.5Cr, but builder is adamant on registering the property at 1Cr only.
If i buy the property and get it registered for 1 Cr only , later when i want to sell it, will my original buying price be 1.5Cr or 1Cr ?All the transactions are bank transfers/loan.
Wanted to check if assignment agreement is enough a document for taxation purposes .
