FMV stands for Fair Market Value, a price to which the transacting parties agree. It can be said to be the price at which a property is sold and agreed to by the buyer and seller. To know the FMV of a property you can
Conduct a comparative market analysis
Check the price of other sold properties in 2001 that are similar to yours
You can calculate the FMV by dividing the average sale price of similar properties in the area by the size of your property
I will suggest you seek an expert’s advice in this matter.
To get more ideas, read-
How to find out the market value of the land.Contact NoBroker’s experts to get property valuation, document verification and drafting
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How to find FMV in 2001?
K SESHADRI
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2023-03-17T10:03:57+00:00 2023-03-21T10:30:17+00:00Comment
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