NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 06.09.2023 Ten points to be noted with regard to IVS : 1. IVS stands for International Valuation Standards having its head quarters in United Kingdom. 2. IVS revises the standards periodically. 3. Though there are 8 assets standards as per IVS 2022, the standards connected […]
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 05.09.2023 Ten points to be remembered while doing valuation for lessor or lessee : 1. The income approach is the appropriate method to do valuation in the hands of either lessor or lessee. 2. The lessor’s interest or lessee’s interest mainly depends on the terms
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 04.09.2023 Ten points to be remembered while doing valuation of leasehold properties : 1. A lease is the outcome of the rightful separation of ownership and possession. 2. The valuer must ensure whether the lease is a building lease or an occupational lease. 3. A
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 03.09.2023 Ten points to be remembered while doing valuation for the purpose of computing compensation for land acquisition (Courtesy : Mr. A. Anbazhagan) 1. For the purpose of valuation for land acquisition, value is to be estimated as on the date of notification (and not
KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 02.09.2023 Ten points to be remembered with regard to guideline value and market value : 1. Guideline rate (GLR) is the unit rate of land fixed by the registration department mainly for the purpose of fixing stamp duty for the sale deed at the time
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 01.09.2023 Ten points to be remembered about depreciation : 1. The word depreciation is derived from the word “Depreciatum” – a Latin word. 2. Depreciation is the reduction of value of the property due to age, deterioration, lack of maintenance, decay, wear and tear, etc.
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 31.08.2023 Ten points to be remembered while doing valuation by composite rate method : 1. For valuing a flat, shop and commercial complex, composite rate method can be adopted. Composite rate denotes a single unit rate. 2. The composite rate involves i) land component, ii)
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 30.08.2023 Ten points to be remembered while doing valuation by land and building method : 1. In this method, plot is valued separately, building is valued separately and then these two values are added to get the total value. 2. Value of land can be
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B K Aruna 29.08.2023 Ten points to be remembered while doing valuation by Rent Capitalisation method : 1. While capitalising, only the net rent is to be considered. 2. Rent capitalisation is to be done in the hands of the owner. 3. The maintenance
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B K Aruna 28.08.2023 Ten points to be remembered by a registered valuer when he wants to estimate cost of construction for Income Tax purpose : 1. The purpose of valuation here is to estimate the cost. 2. The meaning is the amount the
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B K Aruna 27.08.2023 Ten points to be remembered by a panel valuer / SARFAESI valuer if he wants to be safe against any criminal proceedings at any future date : 1. Value varies with purpose. Do not forget to mention the purpose of
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B K Aruna 26.08.2023 Ten points to be remembered by a panel valuer in general : 1. While advancing loan to any borrower, the bank is relying on the legal opinion of its panel advocate and the valuation report of its panel valuer. 2. The
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