Chirag entered into an agreement for sale of his house property located at Jaipur to Yash on 1st August, 2017 for a total sale consideration of ₹95 lakh. Yash paid an amount of ₹20 lakh by account payee cheque to Chirag

Chirag entered into an agreement for sale of his house property located at Jaipur to Yash on 1st August, 2017 for a total sale consideration of ₹95 lakh. Yash paid an amount of ₹20 lakh by account payee cheque to Chirag on 1st August, 2017 and balance was agreed to be paid at the time of registration of the Conveyance Deed which could only be executed by Chirag on 1st September 2018. The Stamp Valuation Authority determined the value of the house property on the date of registration of deed at ₹140 lakh. However, the value determined by the Stamp Valuation Authority of the house on the date of agreement (1st August, 2017) was ₹110 lakh. The sale value for the purpose of computing the capital gain of the property in A.Y. 2019-20 to be taken by Chirag shall be :