COMPREHENSIVE PROPERTY VALUATION INSPECTION CHECKLIST

(For use by Registered Valuers – Land & Building)

A. PRE-INSPECTION PREPARATION

1. Instruction & Scope
- ☐ Valuation purpose (sale, mortgage, IBC, balance sheet, taxation, litigation, insurance, rent fixation)
- ☐ Client details and engagement letter
- ☐ Valuation date (effective date)
- ☐ Asset type: Land / Building / Land & Building / Under-construction
- ☐ Applicable valuation standards (IBBI / IVS / Ind AS / Fair Value)
2. Documents Collected & Verified (Pre-Visit)
- ☐ Title deed / Sale deed / Conveyance deed
- ☐ Mother deed (minimum 30 years or as applicable)
- ☐ Encumbrance Certificate
- ☐ Approved building plans & completion certificate
- ☐ Occupancy certificate (OC)
- ☐ Land use / zoning certificate
- ☐ Property tax receipts
- ☐ Utility bills (electricity, water, sewerage)
- ☐ Lease deed / rent agreement (if tenanted)
- ☐ Society / association documents (if applicable)
- ☐ Previous valuation reports (if any)
B. GENERAL SITE IDENTIFICATION

3. Location Verification
- ☐ Exact postal address
- ☐ Survey No. / Khasra No. / Plot No.
- ☐ Municipal / Revenue records matching
- ☐ Latitude & longitude recorded
- ☐ Google map reference saved
4. Approach & Accessibility
- ☐ Road width (measured / estimated)
- ☐ Type of road (kutcha / bituminous / concrete)
- ☐ Internal access road condition
- ☐ Public transport availability
- ☐ Proximity to highways / arterial roads
C. LAND INSPECTION CHECKLIST

5. Land Characteristics
- ☐ Plot shape (regular / irregular)
- ☐ Plot dimensions verified on site
- ☐ Area as per documents vs actual
- ☐ Topography (level / sloping / uneven)
- ☐ Soil condition (visual assessment)
- ☐ Drainage pattern
6. Boundaries & Encroachments
- ☐ Physical boundary demarcation
- ☐ Compound wall / fencing
- ☐ Boundary match with documents
- ☐ Any encroachment observed
- ☐ Right of way / easement issues
7. Land Use & Development Controls
- ☐ Permissible land use
- ☐ FSI / FAR applicable
- ☐ Ground coverage limits
- ☐ Height restrictions
- ☐ Setback compliance
- ☐ Coastal / green / eco-sensitive restrictions (if any)
D. BUILDING INSPECTION CHECKLIST

8. General Building Details
- ☐ Type of structure (RCC / Load bearing / Steel)
- ☐ Year of construction
- ☐ Number of floors (approved vs existing)
- ☐ Occupancy status (self / tenant / vacant)
- ☐ Usage (residential / commercial / industrial / mixed)
9. Measurement & Layout
- ☐ Plinth area measured
- ☐ Carpet area measured
- ☐ Super built-up area (if applicable)
- ☐ Floor-wise area breakup
- ☐ Internal layout conformity
10. Structural Condition (Visual)
- ☐ Foundation distress signs
- ☐ Cracks in beams/columns
- ☐ Slab deflection
- ☐ Corrosion / spalling
- ☐ Settlement signs
(Note: No structural stability certification unless qualified)

E. COMPONENT-WISE CONDITION ASSESSMENT

11. Civil & Finishes
- ☐ Flooring type & condition
- ☐ Wall finishes (internal/external)
- ☐ Ceiling condition
- ☐ Doors & windows material and condition
- ☐ Staircase condition
12. Services & Utilities
- ☐ Electrical wiring & fittings
- ☐ Water supply source
- ☐ Plumbing condition
- ☐ Sewerage / septic / STP
- ☐ Fire-fighting provisions
- ☐ Lift (make, capacity, condition)
13. Amenities
- ☐ Parking availability
- ☐ Open spaces
- ☐ Landscaping
- ☐ Power backup
- ☐ Security systems
F. OCCUPANCY & TENANCY DETAILS

14. Tenancy Verification (If Applicable)
- ☐ Tenant name
- ☐ Lease start & expiry
- ☐ Monthly rent
- ☐ Escalation clause
- ☐ Lock-in period
- ☐ Rent control applicability
15. Income Potential
- ☐ Market rent assessment
- ☐ Vacancy risk
- ☐ Maintenance charges
- ☐ Net operating income indicators
G. LEGAL & REGULATORY OBSERVATIONS (SITE-BASED)

16. Compliance Observations
- ☐ Approved vs actual construction
- ☐ Unauthorized extensions
- ☐ Change of use violations
- ☐ Fire safety compliance
- ☐ Environmental compliance
17. Litigation / Notice Indicators
- ☐ Government notices displayed
- ☐ Demolition / sealing risk
- ☐ Local inquiry feedback
H. NEIGHBOURHOOD & MARKET FACTORS

18. Surrounding Development
- ☐ Nature of surrounding properties
- ☐ Infrastructure availability
- ☐ Social amenities nearby
- ☐ Nuisance factors (noise, pollution)
19. Marketability
- ☐ Demand-supply perception
- ☐ Liquidity in local market
- ☐ Comparable properties identified
I. PHOTOGRAPHIC & DIGITAL RECORDS

20. Mandatory Photographs
- ☐ Front elevation
- ☐ Rear elevation
- ☐ Internal rooms
- ☐ Kitchen & toilets
- ☐ Staircase / lift
- ☐ Parking
- ☐ Surrounding road
21. Digital Evidence
- ☐ Site visit date-time stamped
- ☐ GPS-tagged photographs
- ☐ Sketch / rough layout
J. VALUER DECLARATIONS & NOTES

22. Assumptions & Limitations
- ☐ Access limitations noted
- ☐ Hidden defects disclaimer
- ☐ Legal verification reliance noted
23. Valuer Certification
- ☐ Physical inspection conducted
- ☐ Independent & unbiased opinion
- ☐ Compliance with IBBI Valuation Standards
K. MEASUREMENT, SURVEY & TECHNICAL VERIFICATION (ADDITIONAL)

24. Measurement Methodology
- ☐ Measurement standard followed (IS 3861 / RERA / Local bylaws)
- ☐ Measuring instrument used (tape / laser meter)
- ☐ Floor-wise verification completed
- ☐ Balcony, common area, shaft exclusions noted
- ☐ Area rounding methodology disclosed
25. Plan Matching & Deviations
- ☐ Sanctioned plan matched with site layout
- ☐ Floor additions beyond approval
- ☐ Change in internal walls
- ☐ Cantilever / balcony deviations
- ☐ Compounding potential assessed
26. Age, Life & Depreciation Assessment
- ☐ Actual age of building
- ☐ Residual useful life
- ☐ Maintenance level (poor/fair/good/excellent)
- ☐ Physical depreciation estimate
- ☐ Functional obsolescence observed
- ☐ External obsolescence factors
L. ENVIRONMENTAL, RISK & SAFETY FACTORS

27. Environmental Aspects
- ☐ Flood-prone area check
- ☐ Seismic zone classification
- ☐ Industrial hazard proximity
- ☐ High-tension line impact
- ☐ Waterlogging evidence
28. Health & Safety
- ☐ Fire exit availability
- ☐ Emergency staircases
- ☐ Ventilation adequacy
- ☐ Natural light availability
- ☐ Hazardous material presence (asbestos etc.)
M. STATUTORY TAX & CHARGES VERIFICATION

29. Municipal & Statutory Dues
- ☐ Property tax assessment basis
- ☐ Arrears verification
- ☐ Betterment / development charges
- ☐ Non-agricultural conversion charges
- ☐ Society dues / maintenance arrears
30. Stamp Duty & Registration Indicators
- ☐ Circle rate comparison
- ☐ Stamp duty valuation gap
- ☐ Undervaluation risk
N. INSOLVENCY & BANKING-SPECIFIC CHECKS (IBBI FOCUS)

31. IBC-Specific Observations
- ☐ Possession status under CIRP
- ☐ Asset control (RP / liquidator)
- ☐ Security interest noted
- ☐ Charge registration status (CERSAI – indicative)
- ☐ Asset liquidity under distress
32. Forced Sale & Liquidation Factors
- ☐ Distress discount applied
- ☐ Time-to-sale estimate
- ☐ Market absorption risk
O. INSURANCE & RISK COVER INDICATORS

33. Insurance-Relevant Inputs
- ☐ Replacement cost basis
- ☐ Salvage potential
- ☐ Risk-prone construction elements
- ☐ Natural calamity exposure
P. DIGITAL / EXCEL / MOBILE INSPECTION FORMAT FIELDS

34. Mandatory Digital Fields (For Excel / App)
- ☐ Auto date & time stamp
- ☐ GPS auto-capture
- ☐ Drop-down selections (condition, usage, structure)
- ☐ Auto area calculation cells
- ☐ Photo upload slots
- ☐ Voice-to-text remarks
35. Excel Sheet Tabs Recommended
- ☐ Instruction & client details
- ☐ Land particulars
- ☐ Building measurements
- ☐ Condition assessment
- ☐ Legal & compliance
- ☐ Market data
- ☐ Photographic index
Q. VALUATION METHOD INPUT READINESS

36. Inputs for Valuation Approaches
- ☐ Comparable sales inputs ready (Market Approach)
- ☐ Replacement cost breakup ready (Cost Approach)
- ☐ Rent & yield inputs ready (Income Approach)
R. QUALITY CONTROL & REVIEW

37. Internal Review Checks
- ☐ Peer review completed
- ☐ Arithmetic verification
- ☐ Area reconciliation
- ☐ Assumptions consistency
- ☐ Photographs cross-verified
38. Audit & Disciplinary Safety
- ☐ Inspection notes preserved
- ☐ Site photos archived
- ☐ Conflict of interest check
- ☐ Independence declaration
S. FINAL SITE VISIT CONFIRMATION

39. Final Confirmation
- ☐ Property physically inspected
- ☐ Local inquiries made
- ☐ No inducement accepted
- ☐ True & fair inspection record

T. DETAILED BUILDING SPECIFICATION & MATERIAL CHECKLIST

(Critical for Cost, Insurance, Bank & IBC Valuations)

DETAILED BUILDING SPECIFICATION & CONSTRUCTION MATERIAL CHECKLIST

(For Registered Valuers, Engineers, Banks, IBC, Insurance & Courts)

1. BASIC BUILDING PARTICULARS

☐ Type of building (Residential / Commercial / Industrial / Mixed)
☐ Nature of construction (New / Old / Under-construction)
☐ Structural system (RCC framed / Load bearing / Steel)
☐ Quality class (Economical / Standard / Good / Premium)

2. FOUNDATION & SUB-STRUCTURE

☐ Type of foundation (Isolated / Combined / Raft / Pile)
☐ Foundation material (RCC / PCC / Stone masonry)
☐ Cement type used (OPC / PPC / PSC)
☐ Concrete grade (M15 / M20 / M25 / Higher)
☐ Reinforcement steel (Fe415 / Fe500 / TMT)
☐ Plinth height & protection
☐ Damp Proof Course (material & thickness)

3. SUPER-STRUCTURE & MASONRY

☐ Columns & beams (RCC / Steel)
☐ Slab type (Conventional RCC / Flat slab / Precast)
☐ External wall material (Brick / AAC block / Stone)
☐ Internal partition material
☐ Mortar type (Cement / Lime / Composite)
☐ Wall thickness (external & internal)

4. ROOFING & TERRACE WORKS

☐ Roof type (RCC slab / Truss / Sheet)
☐ Roofing material (RCC / GI / AC / Tile)
☐ Waterproofing system (Brick-bat coba / APP / PU)
☐ Thermal insulation (if any)
☐ Terrace flooring (IPS / China mosaic / Tiles)
☐ Parapet wall & coping

5. FLOORING (AREA-WISE SPECIFICATION)

☐ Living / Hall (Vitrified / Marble / Granite / Tiles)
☐ Bedrooms (Vitrified / Wooden laminate)
☐ Kitchen (Anti-skid ceramic tiles)
☐ Toilets (Anti-skid / Ceramic tiles)
☐ Staircase (Granite / Kota / RCC finish)
☐ Balcony / Verandah (Anti-skid tiles)
☐ Parking / Driveway (IPS / Tremix / Paver blocks)
☐ Skirting material & height

6. PLASTERING & WALL FINISHES

☐ Internal plaster (Cement / Gypsum / POP)
☐ External plaster (Cement / Weather-proof)
☐ Putty application (Single / Double coat)
☐ Internal paint (Distemper / Emulsion)
☐ External paint (Acrylic / Texture / Elastomeric)
☐ Tile cladding / Dado work (Kitchen / Toilets)

7. DOORS, WINDOWS & WOOD WORK

☐ Main door (Teak / Solid wood / Flush / Metal)
☐ Internal doors (Flush / Panel / Skin doors)
☐ Door frames (Wood / Steel / Aluminium)
☐ Windows (Aluminium / UPVC / Wooden)
☐ Glazing (Single / Double / Toughened)
☐ Hardware fittings (Standard / Premium)
☐ Wardrobes / Fixed cabinets (if any)

8. KITCHEN SPECIFICATION

☐ Countertop (Granite / Quartz / Marble)
☐ Modular kitchen (Yes / No)
☐ Sink (SS / Composite)
☐ Kitchen dado tiles
☐ Chimney / Hob provision

9. TOILET & SANITARY FITTINGS

☐ WC type (Indian / Western / Wall-hung)
☐ Wash basin type
☐ Sanitary ware quality (Standard / Premium)
☐ CP fittings (Standard / Premium)
☐ Shower & mixer provision
☐ Toilet ventilation

10. PLUMBING INSTALLATION

☐ Water supply pipes (GI / CPVC / UPVC)
☐ Drainage pipes (PVC / Stoneware)
☐ Concealed / Exposed plumbing
☐ Overhead tank (Plastic / RCC / Steel)
☐ Underground tank (RCC / Masonry)
☐ Rainwater down-take pipes

11. ELECTRICAL INSTALLATION

☐ Wiring system (Concealed / Surface)
☐ Wire material (Copper / Aluminium)
☐ Switches & sockets quality
☐ Distribution board & MCBs
☐ Earthing provision
☐ Power backup wiring
☐ Data / internet cabling

12. FIRE, HVAC & SPECIAL SERVICES

☐ Fire detection system
☐ Fire-fighting system (Hydrant / Sprinkler)
☐ Air-conditioning (Split / VRV / Central)
☐ Gas pipeline provision
☐ Solar water heater / solar power

13. STAIRCASE, RAILINGS & LIFTS

☐ Staircase type (RCC / Steel / Wooden)
☐ Railing material (SS / MS / Glass)
☐ Lift availability (Yes / No)
☐ Lift type & capacity

14. EXTERNAL DEVELOPMENT WORKS

☐ Compound wall (Type & height)
☐ Entrance gate (MS / SS / Aluminium)
☐ Internal roads / pathways
☐ Storm water drainage
☐ Landscaping & paving

15. GREEN & SUSTAINABLE FEATURES

☐ Rainwater harvesting
☐ Energy-efficient lighting
☐ Water-saving fixtures
☐ Green building certification (if any)

16. GENERAL CONSTRUCTION OBSERVATIONS

☐ Overall workmanship quality
☐ Visible defects (cracks / dampness)
☐ Level of maintenance
☐ Any superior or inferior specifications

17. VALUER / ENGINEER REMARKS

This checklist is intended to record actual construction specifications and materials used, forming a critical input for cost approach, depreciation analysis, insurance valuation, bank lending, insolvency proceedings, and court matters.

Name of Valuer: ____________________________
IBBI Registration No.: _____________________
Date of Inspection: _______________________
Signature: _______________________________

This checklist is designed for professional valuation inspections and can be adapted for IBBI, bank empanelment, court matters, institutional valuations, mobile-based inspections, and digital record keeping.

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