The Microsoft Lumia 540 is quite an outdated phone, running on Windows Operating System, while the world of smartphones is now dominated by Android and iOS. Since the phone has been discontinued by the company, there are very low chances that you will get a good price for the phone in the market. Typically, if the phone is in a working condition and has no damages to the body, you can get somewhere between INR 1500 and INR 2000 for the phone.