KNOWLEDGE BANK FROM B KANAGA SABAPATHY
LET KNOWLEDGE SPREAD
Message from B K Aruna-25/09/2024
D/o, B Kanagasabapathy
Question from a fellow valuer:
Why don’t you come forward to prescribe a standard single valuation format for all types of valuation?
Opinion:
A valuer must remember one basic principle of valuation:
Value varies with purpose.
Valuation reports are required for various purposes, such as cost of construction, wealth tax, capital gains tax, interim stage inspections, purchasing, selling, collateral security to banks, etc.
Additionally, valuations are required by different entities such as banks, insurance companies, oil corporations, public sector undertakings, state government departments, and others, many of which have their own prescribed formats.
Furthermore, there are various types of properties.
Therefore, suggesting a single format for all valuation purposes is not appropriate, but a standard format or procedure can be recommended for each specific purpose of valuation.
With best wishes,
B. KANAGA SABAPATHY
bkvaluer@gmail.com
www.bkanagasabapathy.com
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
