01
LOC
Property Location
Identify the property's city, state, property type, title position and transaction purpose before defining the valuation scope.
PAN INDIA NRI PROPERTY VALUATION
NRI India — The National Property Sale Journey
The NRI Property Sale Framework Across India
An NRI selling Indian property may be dealing with property valuation, capital gains, TDS and lower-deduction requirements across different states and cities. Whether the property is in Gurugram, Bengaluru, Mumbai, Chennai, Hyderabad, Pune, Ahmedabad or another Indian market, the valuation engagement must be structured around the property's location, acquisition history, transaction purpose and applicable tax documentation.
01
Property Valuation
India-wide property assessment and documentation
02
Capital Gain Support
Historical FMV and valuation documentation where applicable
03
Section 197 Coordination
Valuation support for lower-deduction applications
INDIA
NRI PROPERTY
IN
Mumbai
Bengaluru
Chennai
Hyderabad
NATIONAL
VALUATION
PAN INDIA
THE NATIONAL NRI ENGAGEMENT MODEL
One NRI Engagement. Multiple Indian Property Markets.
The property may be located anywhere in India, while the NRI client may be living thousands of kilometres away. The valuation process therefore needs to connect the property location, local evidence, valuation documentation and CA-led tax process into one coordinated workflow.
02
FMV
Valuation Evidence
Review available local comparable evidence, historical acquisition information and property-specific characteristics relevant to the assignment.
03
CA
CA Coordination
Coordinate valuation documentation with the NRI's Chartered Accountant for the applicable capital-gain and withholding process.
04
LDC
Lower Deduction
Where appropriate, valuation evidence may support a Section 197 lower-deduction application coordinated with the taxpayer's CA and tax advisor.
✓
Remote engagement: NRI clients do not ordinarily need to travel to the Connaught Place practice merely to initiate a valuation engagement. Site inspection and document coordination can be arranged around the property's Indian location and the assignment requirements.
NRI PROPERTY ACROSS INDIA
Different Cities. Different Property Markets.
The valuation requirement is influenced by the location, property type, transaction history and evidence available for the relevant Indian market.
01
WESTERN INDIA
Mumbai
Bandra, Worli and other premium Mumbai markets can involve high-value residential and commercial assets requiring detailed local valuation evidence.
PREMIUM PROPERTY
02
SOUTHERN INDIA
Bengaluru
NRI-owned apartments and homes in Whitefield, ORR and other Bengaluru markets require location-specific valuation evidence and documentation.
RESIDENTIAL
03
SOUTHERN INDIA
Chennai
From OMR to Anna Nagar, the relevant property market and local evidence form part of the valuation assessment.
PROPERTY VALUATION
04
SOUTHERN INDIA
Hyderabad
HITEC City, Gachibowli and Financial District represent distinct high-value residential and commercial markets.
NCR-BEYOND MARKETS
05
NORTH INDIA
Delhi NCR
NRI properties across Delhi, Gurugram, Noida and Greater Noida can involve different local and state-level valuation environments.
NCR MARKETS
VALUATION + TAX DOCUMENTATION
Build the Valuation Before the Sale Process Moves Too Far
For an NRI property transaction, the valuation report should be aligned with the purpose for which it will be used. Depending on the circumstances, this may include historical fair market value, capital-gain computation, property documentation and lower-deduction proceedings.
Where the property was acquired before 1 April 2001, the applicable historical valuation question should be reviewed with the NRI's CA before determining the appropriate tax treatment and valuation requirement.
Get Expert Advice →
NRI SALE CHECKPOINTS
What Should Be Coordinated?
01
Property Documents
Title, acquisition and property records
02
Valuation Requirement
Purpose, date and applicable valuation basis
03
Capital Gain Review
Coordinate with the CA on applicable tax computation
04
Section 197
Lower-deduction application where applicable
NRI PROPERTY IN INDIA?
Start Your Property Valuation Before the Sale
Tell us the Indian property location, property type and transaction purpose. We can help define the appropriate valuation scope and documentation pathway for discussion with your CA or tax advisor.