X entered into an agreement for sale of his house located at Jaipur to Y on 1st April, 2016 for a total sale consideration of ₹90 lakh. Y paid an amount of ₹20 lakh by account payee cheque to X on the date of agreement a

X entered into an agreement for sale of his house located at Jaipur to Y on 1st April, 2016 for a total sale consideration of ₹90 lakh. Y paid an amount of ₹20 lakh by account payee cheque to X on the date of agreement and balance was to be paid at the time of registration of deed. However, the conveyance deed could not be executed till 1st Sept., 2017. The Stamp Valuation Authority determined the value of the property on the date of registration of conveyance deed at ₹120 lakh and the value determined by the Stamp Valuation Authority on the date of agreement was ₹100 lakh. The value for the purpose of capital gain u/s 50C shall be taken: