HOW TO VALUE WITHOUT A VALID LEASE DEED?

KNOWLEDGE BANK FROM B KANAGA SABAPATHY

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Message from B. Kanaga sabapathy 04.08.2023

HOW TO VALUE A LEASE HOLD PROPERTY WITHOUT A VALID REGISTRATION OF LEASE DEED?

Question :

A leasehold property without registration is considered as freehold land. For live and licence agreement, licence is not required for registration. If it is so, can we value lessor’s and lessee’s interest?

Opinion :

• Lease is controlled by Transfer of Property Act. Rent is controlled by Rent Control Act. Licence is controlled by Easement right.

• In licence, there is no lessor and lessee and hence valuing their interest does not arise.

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With best wishes,

B. KANAGA SABAPATHY
[email protected]
www.bkanagasabapathy.com

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About the Author:-

Mr. B. Kanaga Sabapathy born in 1951, is a Civil Engineer who belongs to the 1972 batch of Regional Engineering College, Tiruchirappalli in Tamilnadu.
He is a Registered valuer of the Central Board of Direct Taxes, a Professional Engineer and also a Chartered engineer. Valuation is his main profession..
He was the National Vice-President of the Institution of Valuers (India) for 11 terms.
He is a regular contributor of articles in the Indian Valuer Journal from the year 1985. His articles especially his regular column “Questions & Opinions” are very popular among the practising valuers in India.
His book “Guidelines on Valuation for Banks” (2002) is used to be referred by many banks. The valuation formats designed by him were accepted and adopted as the formats by many banks in the country.
His son K. Arun and daughter B.K. Aruna are also approved valuers and they also contribute articles to the Indian valuer journal.
His guru: Mr. C.H. Gopinatha Rao, Chennai.
His mentor: Mr. R.K. Gandhi, Mumbai.
His role model: Mr. S. Rajaratnam, Chennai.
His best students: Thousands of valuers in the country