## Full Value of Consideration for Land & Building [Section 50C]
For transfer of land or building (or both), the sale consideration to be taken cannot be less than the Stamp Duty Value (SDV). This anti-evasion provision prevents under-reporting of property sale prices.
### Basic Rule
FVOC = Higher of:
- Sale Price (actual consideration), OR
- Stamp Duty Value (SDV)
### Safe Harbour (10% Tolerance)
If SDV ≤ 110% of Sale Price, then FVOC = Sale Price (SDV is ignored).
| Case 1 | Case 2 | Case 3 | |
|---|---|---|---|
| Sale Price | 1,00,000 | 1,00,000 | 1,00,000 |
| SDV | 1,08,000 | 1,12,000 | 1,10,000 |
| 110% of SP | 1,10,000 | 1,10,000 | 1,10,000 |
| FVOC | 1,00,000 (SDV within 110%) | 1,12,000 (SDV exceeds 110%, higher taken) | 1,00,000 (SDV exactly 110%, within limit) |
### Date of SDV — Agreement vs Registration
When date of agreement and date of registration are different:
- If part / whole consideration is received by account payee cheque / DD / ECS / electronic mode on or before date of agreement → Take SDV on date of agreement
- Other cases → Take SDV on date of registration
### Reference to Valuation Officer
If the assessee disagrees with the SDV (and has not disputed it in court), the AO may refer the matter to a Departmental Valuation Officer (VO).
FVOC after VO's valuation:
- If Valuation Amount (VA) > SDV → FVOC = SDV (capped at SDV)
- If VA ≤ SDV → FVOC = Higher of VA or Sale Price