NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 10.09.2023 Ten points to be borne in mind while valuing a flat : 1. The market value of a flat depends on i) location of apartment building in total ii) location of the specific floor in the apartment building iii) location of the flat in
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 09.09.2023 Ten 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 property is a SARFAESI compliant property. 3.
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IMPORTANT QUESTION WITH ANSWERS RELATED TO DEMAND AND SUPPLY What is the law of demand? a) As price increases, demand increases b) As price increases, demand decreases c) As price increases, supply decreases d) As price increases, supply increases Answer: b) As price increases, demand decreases What does the demand curve represent? a) The relationship
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IMPORTANT QUESTION WITH ANSWERS RELATED TO REPLACEMENT COST AND REPRODUCTION COST What is the replacement cost of an asset? A) The cost to buy a brand-new asset B) The cost to repair the existing asset C) The market value of the asset D) The original purchase price of the asset Answer: A) The cost
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 08.09.2023 Ten points to be remembered by a panel valuer when he wants to do 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 letter
KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna 07.09.2023 Ten points to be remembered by a panel valuer when he wants to do valuation for primary securities : 1. Value varies with purpose. The purpose of valuation of primary securities (in most of the times) is to certify the cost. 2. Primary security
IMPORTANT QUESTION WITH ANSWERS RELATED TO LAW OF ARBITRATION AND CONCILIATION 1. What is the primary purpose of arbitration in dispute resolution? a) To establish guilt b) To maintain confidentiality c) To reach a mutually agreed settlement d) To create a public record Answer: c) To reach a mutually agreed settlement 2. Which international organization
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IMPORTANT QUESTION WITH ANSWERS RELATED TO LAWS OF CONTRACT What is the minimum age required for a person to enter into a contract in India? a) 16 years b) 18 years c) 21 years d) 25 years Answer: b) 18 years Which section of the Indian Contract Act, 1872 deals with the definition of a
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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