Legal Question in Real Estate Law in India

what is the difference between "document value" and "current market value" in property(land) and which one will be considered for compensation i.e document value or current market value?


Asked on 3/05/13, 9:19 am

3 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

05.03.2013

Dear Sir / Madam,

Document value is the last price at which the land was sold. Current market value is the latest price of the land. Usually for compensation purposes, the current market value of the land is taken into consideration.

Regards,

FCA Prashant Chavan

Mumbai

(You can also mail me for any further on-line advice at [email protected])

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Answered on 3/05/13, 9:30 am
Shrichand Nahar S.V.Nahar, Advocate

See requirements of law granting you compensation and act accordingly.

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Answered on 10/07/13, 2:27 am


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