Divakar Vijayasarathy Founder and Managing Partner, DVS Advisors LLP replies: The capital gains on sale of land and building would accrue in the hands of the person whose name is registered in the property tax records. The ready reckoner rate provided pertains only for the land but for the purpose of computation of capital gains, the value of actual sale consideration (land and building) or the stamp duty value (land and building), whichever is higher, would be considered. Since