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Shubham   15 March 2024

Suit for possession.

How to calculate market value of property in suit for possession for the purposes of court fees in the state of haryana.



Learning

 5 Replies

Shashi Dhara   15 March 2024

Simple mention the market value according to that  area ex if its market value is one crore rupee you mention 25lakhs.

Shubham   15 March 2024

Why to mention 25 lakh if it's market value is 1 crore, and how to calculate market value?

T. Kalaiselvan, Advocate (Advocate)     15 March 2024

The market value of land is determined by considering factors such as location, zoning, and infrastructure. It can also be determined by comparing the land to similar properties recently sold in the area

A thorough assessment is beneficial in finding the right price of your property.

 Add the adjusted and final sale price of all three comparable properties and find their sum. 

Divide the sum by three to get an average adjusted final sale price.

This amount is the estimated market value of your property.

Mr. Sumitra kumar (Advocate)     15 March 2024

MVR(Minimum Value Register) rates are decided by collector of the district. 

 

Thank you.

Dr. J C Vashista (Advocate )     16 March 2024

Find out circle rate of the property from local sub-registrar or a local document writer or a local lawyer and calculate stamp duty as applicable in the State.


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