Tax on capital gain

[DHANANJAYAN CHANDRASEKER]

I am planning to sell my property which is located in villupuram district and it was bought 3 yrs before (3 yrs about to complete), If i sell my property now,

1. will i be entitled to pay tax on capital gain?

2. is there any other way to exclude to pay tax on capital gain like buying new property in the FY. if yes, what is the time duration, within that, i need to buy the new property.

pls advise