IBBI & Income Tax Registered Valuer. Fair market value certificate for estate division, succession, and Section 55 capital gains. Court-accepted. 2–3 working days.
When a property is inherited through a will, succession, or family settlement, a certified fair market value report is required in many situations. Whether heirs need to divide the property equitably, a legal proceeding requires a certified value, or you are planning to sell an inherited flat, a registered valuer's certificate is the authoritative document.
When property is to be divided or compensated among multiple legal heirs, a certified fair market value is required to ensure equitable distribution — and to protect all parties legally.
Court proceedings for partition suits or succession require a certified valuation report from a registered valuer. Reports are formatted for legal submission.
Selling inherited property? You need a fair market value certificate as on April 1, 2001 under Section 55(2)(b) of the Income Tax Act. This is the cost of acquisition and dramatically reduces your capital gains tax.
If you are selling inherited property in Chennai, the Income Tax Act allows you to use the fair market value as on April 1, 2001 as your cost of acquisition — even if the property was purchased much earlier and even if you inherited it after 2001.
This is a significant tax benefit. Without this certificate, you may be computing capital gains on a much lower cost basis — resulting in a higher tax liability. With a Section 55 valuation report from a registered valuer, your CA can compute the correct — and far lower — capital gains amount.
Only an IBBI Registered Valuer or Income Tax Registered Valuer can certify this computation. Harihar.S holds both registrations.
Capital gains are computed using original purchase price (often very low for old properties). Result: very high capital gains and high tax liability.
Higher TaxFair market value as on April 1, 2001 is used as cost of acquisition. Result: significantly lower capital gains and lower tax liability — legally.
Legally Reduced TaxA certified report establishing the current market value of the inherited property. Suitable for estate division proceedings, legal purposes, wealth declarations, and succession certificates.
A retrospective valuation establishing the fair market value of the property as on April 1, 2001 — the legally specified base date under Section 55(2)(b) of the Income Tax Act. This is the key document for your CA's capital gains computation.
Share these documents via WhatsApp or email. We will guide you on what is mandatory versus optional based on your specific situation.
Send your title documents and inheritance papers via WhatsApp (+91 89398 91329) or email (harihar@axium.co.in). Tell us whether you need a current value, Section 55 report, or both.
Same-day responseWe schedule the site inspection within 1–2 days. For Section 55 reports, historical research is conducted simultaneously.
Within 1–2 daysSigned and certified valuation report delivered digitally within 2–3 working days. Section 55 reports may take one additional day.
2–3 working daysYes. Section 55(2)(b) allows you to use the fair market value as on April 1, 2001 regardless of when you inherited the property — as long as the property was acquired by the previous owner before April 1, 2001. Your CA will confirm this for your specific case.
It is a retrospective valuation based on approved methodology — historical comparable sales, guideline values of the period, and physical characteristics of the property. Only a registered valuer (IBBI or Income Tax) can certify this legally.
Yes. Many clients need both — one for estate division (current value) and one for capital gains filing (2001 value). We can issue both reports, typically within 3–4 working days.
Yes. Reports are signed, sealed, and formatted for legal submission. An IBBI & Income Tax Registered Valuer's certificate is accepted by courts for property-related proceedings.
Share your documents — Harihar.S will advise on what is needed and provide a quote within 24 hours.