IBBI Registered and Income Tax Registered Valuer certificate. Accepted by the Income Tax Department. Report ready in 2–3 working days.
If you are selling a flat, house, or piece of land in Chennai, the Income Tax Act requires you to compute capital gains on the sale. In many cases — especially where the sale price is close to or above the guideline value — your Chartered Accountant will ask for a registered valuer certificate to support the computation.
This valuation report is also required when:
When you sell a flat or land in Chennai, a registered valuer report establishes the fair market value for capital gains computation under Section 50C of the Income Tax Act.
If you inherited property and are now selling it, you need a fair market value certificate as on April 1, 2001 under Section 55(2)(b). This reduces your capital gains significantly.
Your CA requires a certified valuation report as a supporting document for capital gains schedules in your ITR. The report must come from an IBBI or Income Tax Registered Valuer.
The Income Tax Act specifies that property valuations for capital gains computations must come from a registered valuer recognized by the Income Tax Department or an IBBI Registered Valuer. A market estimate from a broker or real estate agent is not a valid document for this purpose.
Harihar.S holds both registrations:
Registration number: IBBI/RV/04/2022/15081. Recognised under the IBBI (Registered Valuers and Valuation) Rules, 2017.
IBBI RegistrationRegistration number: 1122/Cat-I/2022-23. Recognised by the Income Tax Department for Land & Building valuations.
IT RegistrationReports issued under these registrations are submitted directly with your income tax filing and are not challenged by the IT Department.
A certified valuation report establishing the fair market value of your property as on the date of sale. Includes site inspection, area measurement, comparable sales analysis, and formal report with registration credentials.
A retrospective valuation establishing the fair market value of your inherited property as on April 1, 2001. This is used as the cost of acquisition under Section 55(2)(b) to reduce your capital gains liability.
Share these documents with us via WhatsApp or email. You do not need to visit our office. We will review the documents, confirm what is required, and schedule the site inspection.
Send your title documents and property details via WhatsApp (+91 89398 91329) or email (harihar@axium.co.in). No office visit needed from you.
Same-day responseWe schedule and carry out the site inspection within 1–2 days. Measurement, property condition assessment, and comparable sales data are collected.
Within 1–2 daysYour signed and certified valuation report — ready for income tax filing — is delivered digitally within 2–3 working days of document receipt.
2–3 working daysIf your CA requires a valuation certificate for income tax purposes, it must come from an IBBI or Income Tax Registered Valuer. A market estimate from a broker or property portal is not accepted by the IT Department.
Inherited property requires a fair market value certificate as on April 1, 2001 (Section 55 of the Income Tax Act). This is a specialised computation — only registered valuers can certify it. It is the key document that reduces your capital gains on the sale.
Most reports are ready within 2–3 working days from the date we receive your documents. Section 55 (2001 value) reports may take one additional day due to historical research involved.
No. You share documents by WhatsApp or email. We carry out the site inspection — you do not need to be present unless you prefer to be.
Share your property details — Harihar.S reviews every inquiry personally and responds within 24 hours.