Mr. P. Raghavendra Rao (late) was a genius in valuation.
He was a valuation cell officer attached to the Income-tax department and after his retirement, he practiced as a Registered valuer of CBDT. ‘Indian valuer journal’ used to publish his articles regularly which were referred by practicing valuers throughout the country. He was a medalist also. He used to be a regular faculty in the seminars organized at Tiruchirappalli and beyond.
Based upon my repeated requests, he authored a book on valuation with the title “Methods of valuation” which used to be referred to by valuers in Tamilnadu. Since Mr. P. Raghavendra Rao was not very keen on promoting, his book was not available to others to gain knowledge.
After his demise in the year 2016, there was nobody to take initiative in making the contents of the books available to others.
Since the knowledge is not to be kept idle, I took initiative and obtained due permission from Mr. M.K. Muthuvelu (former Chairman of Chennai branch of IOV) who was the man behind the publication of the book. Let us thank him for having come forward to permit us to share the soft copy of the book with others free of cost.
I. INTRODUCTORY ARTICLES
1. Aptitude of valuers and aptitude of IT department and banks
2. Scope and role of young engineers in the present valuation scenario
3. Prospects and perspectives of a valuer
II. PRINCIPALS, PRACTICAL, APPLICATIONS AND METHOD OF VALUATION
1. Basic valuation principles
2. Guide for valuation of immovable properties as required by Income Tax, Wealth and Banks
3. Valuation of immovable properties as required by Income Tax department, financial institutions and private enterprises and methods, guidelines, and their practical applications
4. Valuation for taxation
III. TYPES OF VALUATION 1. Valuation for Income Tax department
a. Valuation for direct taxes
b. How to calculate the cost index using the proforma and arrive at plinth area rates prescribed by CPWD
c1. Cost of construction
c2. Cost of construction of godown by using plinth area rates prescribed by CPWD
c3. Income Tax for capital gains
d. Cost of construction of a hospital building by using CPWD rates with a case study
e. Importance of getting adequate experience by registered valuers of Income Tax department to impartial report for cost of construction
f. Importance aspects of valuation for Income Tax
g. Cost of construction; methods and rates adopted by valuation cell of Income Tax department vis-a-vis those adopted by registered valuers
h. Valuation of properties for wealth tax
j. Valuation of immovable properties for wealth tax
k. Valuation of immovable properties for computation
l. Capital gains 2. Valuation of land and building
a. Valuation of land and building for purposes other than Income Tax department
b. Valuation of industrial land and building
c. Intricacies in land valuation
d. Valuation of leasehold properties
i) Valuation of leasehold properties
ii) Some methods adoptable for valuing land used for development, construction or leasing 3. Valuation for financial institutions
a. Valuation of immovable properties by land and building method for financial institutions
b. Valuation of land and building for financial institutions
c. Varied experiences of a valuer while undertaking valuation of immovable properties for banks
d. Problems faced by the panel valuer while doing valuations for banks and financial institutions
e. Valuation for financial institutions; present scenario and requirement
f. Valuation for flat and commercial shop for collateral purposes by panel valuers for banks
g. Valuation of land offered as collateral security to the bank
h. Practical problems in bank valuation
IV. GENERAL
1. Valuation of commercial complex
2. Certain practical doubts on valuation of immovable properties
3. Recent trends in valuation practice
4. Asset management and valuation
5. Clarifications on certain valuations
6. Valuation in appeal
7. Valuation of industrial land and building
8. Replies to questions raised by participants in seminars
9. Arbitration act and procedures for conducting arbitrations proceedings
I attach herewith the soft copy of his book “Methods of valuation” and I am sure every reader will be highly benefited by studying this book.
I am sure the soul of Mr. P. Raghavendra Rao will be immensely happy because his knowledge is being shared with other fellow valuers. He will be remembered always for his abundant knowledge in the field of valuation, especially on taxation.
