Divide money and things equally between room mates

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My friend and I spent 12730₹ in total to buy some house hold things(say some 10 items). We shared and paid equally. Now we are vacating so we have to divide the items, but my friend wants only 2 items worth 2065₹ and 1050₹. Other items I have to take and have to pay him that amount. So now how much I have to pay to him.

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You have to negotiate what the items are worth today, then settle on a payment. If you want to say they are all worth the same today as when they were new, your friend spent $\frac {12730}2=6365$ and received items worth $3115$, so you should pay him $6365-3115=3250$. You have received items worth $9615$, paid $6365$ to the stores and $3250$ to your friend.