NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 23.03.2023 Question : In valuation related to taxation, can the Income Tax officer can levy a penalty to the registered valuers? Opinion : He can levy a penalty of Rs. 10,000/-. The new section 271 J says : 87. After section […]
PANALITY TO BE IMPOSED ON A APPROVED VALUER BY THE DEPARTMENT Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 22.03.2023 Question : Two buildings of same area & FSI are located adjacent in a busy commercial road. They are 3 storied. Both are tenanted. Whether I can certify the same market value for both buildings? Opinion : 1. Can be
CAN TWO ADJACENT BUILDINGS HAVE THE SAME VALUATION ? IMPORTANT TO KNOW BY A VALUER Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 17.03.2023 Question : This is a question related to capital gains. According to the judgement : Reversal application of cost inflation indices are not permitted to ascertain the land rate as on 01.04.2001. And that is what, you have been advising
CONSEQUENCES FACED FOR USING REVERSAL CALCULATION OF COST INDEX BY A CAPITAL GAIN VALUER Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 16.03.2023 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 valuation
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 15.03.2023 Question : A property of my client was acquired by the government for road widening. It was a commercial building of 15 years old. He wanted to have more compensation from the government and he has requested me to issue
HOW TO ISSUE VALUATION IN LAND ACQUISITION FOR COST OF CONSTRUCTION Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 14.03.2023 Points to be remembered by a SARFAESI valuer : 1. Value varies with purpose. The purpose of valuation under SARFAESI act is to certify the auction value. 2. Before undertaking the assignment, ascertain first whether the said property under valuation
POINTS TO BE REMEMBERED BY A SARFAESI VALUER Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 13.03.2023 Question : This is a case of mortgage loan security. A property was sanctioned as residential units and now it is converted to lodging. Can we give valuation for it?. If yes how?. This property is already mortgaged with the
HOW TO ISSUE VALUATION FOR VIOLATION OF CHANGE OF LAND USE Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 11.03.2023 Points to be remembered by a panel valuer when he does valuation for collateral securities : 1. Value varies with purpose. The purpose of valuation for collateral security is to certify mainly the present market value. Insist for an engagement
POINTS TO BE REMEMBERED BY A PANEL VALUER FOR VALUATION OF COLLATERAL SECURITIES Read More »
HOW TO VALUE A RELIGIOUS TRUST PROPERTY FOR AUDIT PURPOSES ? KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 10.03.2023 Question : A temple trust has approached me to value an already built temple which was constructed one year back. Their auditor has asked them for such a certificate
HOW TO VALUE A RELIGIOUS TRUST PROPERTY FOR AUDIT PURPOSES ? Read More »
POINTS TO BE REMEMBERED BY A PANEL VALUER WHEN HE DOES VALUATION FOR PRIMARY SECURITIES; OPINION BY BK SIR KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 09.03.2023 Points to be remembered by a panel valuer when he does valuation for primary securities : 1. Value varies with purpose.
POINTS TO BE REMEMBERED BY A PANEL VALUER FOR PRIMARY SECURITIES VALUATIONS Read More »
UNDER WHICH CIRCUMSTANCES, A REGISTERED VALUER OF 34 AB OF WEALTH TAX ACT WILL BE REMOVED FROM THE REGISTER MAINTAINED BY THE INCOME TAX DEPARTMENT? ; OPINION BY BK SIR KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 08.03.2023 Question : A panel valuer for his wrong valuation will
POINTS TO BE REMEMBERED BY A PANEL VALUER IN GENERAL; OPINION BY BK SIR KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. K. sir 07.03.2023 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
POINTS TO BE REMEMBERED BY A PANEL VALUER IN GENERAL Read More »