NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
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
IMPORTANT QUESTION WITH ANSWERS RELATED TO LAW OF ARBITRATION AND CONCILIATION Read More »
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
IMPORTANT QUESTION WITH ANSWERS RELATED TO LAWS OF CONTRACT Read More »
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
Ten points to be noted with regard to IVS Read More »
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
Ten points to be remembered while doing valuation for lessor or lessee Read More »
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
Ten points to be remembered while doing valuation of leasehold properties Read More »
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
Ten points to be remembered with regard to guideline value and market value Read More »
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.
Ten points to be remembered about depreciation Read More »
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.
IMPORTANT QUESTION WITH ANSWERS RELATED TO VOID AND VOIDABLE CONTRACTS Read More »
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)
Ten points to be remembered while doing valuation by composite rate method Read More »