NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
Flood zone property valuation Property is considered in a flood zone if any part of the structure falls within a floodplain, an area that is adjacent to a stream or river that experiences periodic flooding If has been acknowledged that the level of risk associated with a property may be associated with natural hazards Flood […]
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Income Tax Appellate Tribunal Mumbai – Tauqeer Fatema Rizvi, Assessee on 08/10/2011 Judicial members – Sanjay Arora, Amit Shukla In nut shell Cost of tenancy rights if determinable should be considered while computing capital gains Market value of the property received against tenancy rights, as on the date of possession, would be the cost of
Restrictive Covenant -All you need to know about A covenant imposing a restriction on the use of land so that the value and enjoyment of adjoining land will be preserved Meaning of restrictive covenant It is any type of agreement that requires the buyer to either take or abstain from a specific action In real
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Low Density property valuation Low density residential zones are locations intended for housing that include a lot of open space These zones are means for a small number of residential homes and excludes large industries, apartments, complexes and other large structures Low density mixed use neighborhood district is intended to be a setting for a
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Fair Market Value (As per IVSC standards) Market value is the estimated amount for which an asset or liability should be exchanged on the valuation date between 1) a willing seller 2) willing buyer 3) transactions at arm’s length 4) seller and buyer both are prudent and knowledgeable 5) no compulsion on either 6) sufficient
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Forced Sale Value (As per IVSC standards) The term Forced sale is often used in circumstances where a seller is under compulsion to sell the property A proper marketing period is not possible and buyers may not be able to undertake adequate due diligence The price that could be obtained in these circumstances will depend
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Belting method of valuation 1) Value of a plot of land has, a great bearing on it’s road frontage. Frontage land, has a greater value than back land 2) So in order to find a more realistic value of land the entire plot is divided into a number of convenient strips by line parallel to
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House Tax (property tax) It is tax levied by the local body on immovable property – land and structures that are permanently attached to the ground such as house, building or land Property tax is a recurring charge that the owner has to pay every year Factors affection property tax 1) property location 2) property
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Amicus Curiae He is someone who is not a party to a case who assists a court by offering information, expertise or insight that has a bearing on the issues in the case Amicus Curiae is an impartial advisor to a court of law in a particular case The decision on whether to consider an
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Valuation for startups 1) Berkus method Valuation based on the assessment of five key success factors a) sound idea (basic value) b) prototype (reducing technology risk) c) quality management team (reducing execution risk) d) strategic relationships (reducing market risk) e) product roll out or sales (reducing product risk) This method is meant for pre –
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*Advertise hoarding structural audit* *Hoarding* is a very large board at the side of a road or on the side of a building which is used for displaying advertisements and posters Hoardings in India have a magical impact, they take your message and bring back amazing results *Importance of hoarding advertisements* 1) *super size advertise*
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*Guidelines for Structural Audit of Building* Every owner or occupier of a building is responsible to carry out Structural Audit by competent Structural Engineer when age of building is more than 30 years. Structural Engineer should certify that building is fit for human habitation. Structural Stability certificate shall be submitted within one year from period
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