NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
IMPORTANT QUESTION WITH ANSWERS RELATED TO VOID AND VOIDABLE CONTRACTS 1. What is a void contract? a) A contract that is legally binding b) A contract that lacks essential elements c) A contract that is enforceable in court d) A contract that is easily voided Answer: b) A contract that lacks essential elements 2. […]
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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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IMPORTANT QUESTION WITH ANSWERS RELATED TO LAND ACQUISITION Multiple Choice Questions: Land Acquisition What is the primary purpose of land acquisition? a) Environmental conservation b) Economic development c) Population control
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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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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 19.08.2023 HOW TO VALUE A PROPERTY IF GAZETTE RATE IS LOW ? Question : I have following doubts about capital gains valuation. As per new amendments property sold after 01.04.2020, FMV as arrived should not exceed stamp duty value. In Goa,
HOW TO VALUE A PROPERTY IF GAZETTE RATE IS LOW ? Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 18.08.2023 HOW TO VALUE A FLAT WITH DIFFERENT COVERED AREA IN DEED ? Question : I have recently valued a residential flat in an apartment building of stilt + 4 floors consisting of total 8 flats. The area of the flat
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 16.08.2023 HOW TO VALUE A PROPERTY OF A DIVORCED COUPPLE ? Question : Husband and wife are divorced. The wife is now settled in USA. She owns a property in India. Now, the husband is requesting me to certify the market value of the said
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 16.08.2023 VALUERS-WHAT TO DO WHEN ACCOUNT BECOME NPA? Question : I am a panel valuer for banks for more than 25 years. Now-a-days, bank managers start suspecting my integrity even for small mistakes in my valuation report especially when the account
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