NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
Physical depreciation This is very common. The physical depreciation occurs due to usage of the asset. It is the normal wear and tear of the asset. All similar objects do not observe similar depreciation. Quantum of this depreciation depends on several factors. Manner of usage Environmental aspect Natural forces aspects Accidental Aspects Economic obsolescence: These […]
TYPES OF DEPRECIATIONS Read More »
A property valuer is a real estate professional who helps determine the value of a piece of land or building. A property valuer works with clients who want to refinance their property to reduce their mortgage rates. They typically provide pre-sale advice to land or property owners who want to determine the selling value of
PROPERTY VALUER ROLES AND RESPONSIBILITIES Read More »
To ensure mutual co-operation amongst members by free interchange of opinion and experience. To endeavor to protect the profession of valuation concerning all categories from misrepresentation and misunderstanding. To express an opinion only when it is founded on adequate knowledge and honest conviction if he is serving as a witness before a court or commission.
ETHICS IN VALUATION PROFESSION Read More »
Water pollution is defined as the presence of impurities or alteration of its physical, chemical or biological characteristics which is harmful and may cause destructive effects on human as well as the health of the environment. The water which is not chemically pure but chemically inert, and which is free from any physical and biological
This technique of land valuation is also an indirect method of deriving land rate by residual technique and not by direct comparison of open land sales. This technique involves the preparation of a hypothetical building project scheme first. Then valuer is required to work out sale value of flats/shops designed and planned under a hypothetical
HYPOTHETICAL BUILDING SCHEME (OWNERSHIP CONCEPT) Read More »
When we value a property by rental method, in cases of terminable interest, we may have to resort to the reversionary value of the land. There is lot of confusion amongst the valuers about validity and existence of this concept due to misconception of basic fundamentals. The reasons for this confusion is the Calcutta High
REVERSIONARY VALUE Read More »
There are basically four types of leases. Building Lease Occupational Lease Sub Lease Lease for life Building Lease: This type of leases are most common in which open plot of land is given on lease by lessor to the Lessee for the construction of the building. In these type of leases, rental income from building
Ground Rent: It is the rent charged by the landowner (Lessor) to the tenant (Lessee) for use of land under specified and mutually agreed on lease terms and conditions. The ground rent may be fixed for the entire period or maybe increasing at fixed intervals of years or may be reviewed at the time of
This rate of return is normally adopted when income is a terminable income. To recoup (Get back) the capital invested in such type of property (Income would cease after some years), this rate of interest is adopted. This rate is called rate of recoupment or rate of redemption of capital. It is also called “Accumulative
RATE OF REDEMPTION OF CAPITAL Read More »
Measure seen as a bid to boost investor confidence in PSUs In a bid to boost investors’ interest in PSU stocks, the government has asked public sector undertakings (PSUs) to declare the market value of their land and other real estate assets. Public sector undertakings (PSUs) have been told to share the intrinsic value of
Ministry of Electronics and Information Technology (MeitY) is inviting sealed quotation in lumpsum amount (Schedule of Rate is attached at Annexure-I) from the registered valuer entities (Companies/LLPs) at Insolvency Bankruptcy Board of India (IBBI) for purpose of asset valuation of Semi-Conductor Laboratory (SCL), Mohali. The score of work and eligibility criteria are attached at Annexure-II. TO READ COMPLETE DETAILS
Notice for Asset Valuation in Ministry of Electronics and Information Technology Read More »
WHAT PM MODI SAID ON NEW CHANGES IN THE EDUCATION SYSTEM OF CIVIL ENGINEERING & ARCHITECTURE The Prime Minister elaborated the holistic approach, a hallmark of thinking in every sphere of today’s governance, in disaster management. Today disaster management is part of Civil Engineering And Architecture Courses and there is a Dam Safety law now.
WHAT PM MODI SAID ON EDUCATION SYSTEM OF CIVIL ENGINEERING & ARCHITECTURE Read More »