B. KANAGA SABAPATHY Archives

NEW AMMENDMENTS IN CAPITAL GAIN FOR VALUERS:-B KANAGA SABAPATHY SIR

KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B Kanagasabapathy sir 28/12/2024 NEW AMENDMENTS IN CAPITAL GAIN FOR VALUERS Dear fellow valuers, The above information on the new amendment in capital gains has been compiled to the best of my knowledge and understanding. Suggestions or corrections are most welcome! With best wishes, […]

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HOW TO VALUE A PROPERTY OF A TEMPLE FOR SECURITY PURPOSES

B. KANAGA SABAPATHY / EDITOR

KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna-05/11/2024 D/o, B Kanagasabapathy Question from a fellow valuer: A temple trust has constructed a residential building and they’ve approached me for valuation. I understand that temple properties are non-marketable and, therefore, I should not certify the value. Could you please guide me on this matter?

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WHICH AREA TO BE CONSIDERED BY A VALUER IF PREVIOUS DEEDS MENTIONED DIFFERENT COVERED AREA

B. KANAGA SABAPATHY / EDITOR

KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B K Aruna-03/11/2024 D/o, B Kanagasabapathy Question: I am a beginner in valuation and I have been recently empanelled. My question is as follows: In 2014, Mr. X purchased a residential flat with an area mentioned as 1230 sq. ft. in the sale deed. In 2019, Mr. Y

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STANDARD VALUATION FORMAT FOR ALL TYPES OF VALUATION

B. KANAGA SABAPATHY / EDITOR

KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B K Aruna-25/09/2024 D/o, B Kanagasabapathy Question from a fellow valuer: Why don’t you come forward to prescribe a standard single valuation format for all types of valuation? Opinion: A valuer must remember one basic principle of valuation: Value varies with purpose. Valuation reports

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WHAT TO DO IF WILL IS NOT DISCLOSED TO THE VALUER

B. KANAGA SABAPATHY / EDITOR

KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B K Aruna-24/09/2024 D/o, B Kanagasabapathy Question from a fellow valuer: After executing an equitable mortgage, some individuals write a ‘WILL’ in favor of their close relatives and often do not disclose this to the banks. The ‘WILL’ need not be registered. Under such

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4-WAY TEST FOR VALUERS:-B KANAGA SABAPATHY SIR

B. KANAGA SABAPATHY / EDITOR

KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B K Aruna-21/09/2024 D/o, B Kanagasabapathy Question from a fellow valuer: I recently came across the term “4-Way Test” in one of your articles. Could you explain what it means? Opinion : How does a bank valuer practically verify the market value they’ve determined

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EASIEST WAY TO PASS THE IBBI VALUATION EXAMINATION:-B KANAGA SABAPATHY SIR

B. KANAGA SABAPATHY / EDITOR

KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B K Aruna-20/09/2024 D/o, B Kanagasabapathy Question from a fellow valuer: Dear Sir, I am a beginner in valuation, and I am currently preparing for the IBBI exam. Please advise me on the easiest ways to pass the examination, considering you have experience with

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“QUESTIONS & OPINIONS-14/08/2024”: DOCUMENTS REQUIRED FOR FLAT OWNERSHIP

B. KANAGA SABAPATHY, BANKS/ EMPANELMENT / EDITOR

KNOWLEDGE BANK FROM B K ARUNA LET KNOWLEDGE SPREAD “Questions and Opinions – 14/08/2024”. Question: While transferring the ownership of a flat at the time of selling, how the documents are made? Do we need to transfer the builder’s agreement also? Opinion: Sale deed is executed for the……………. sq.ft. of undivided share of land and

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“QUESTIONS & OPINIONS-16/08/2024”: RENEWAL OF REGISTRATION UNDER SECTION 34 AB

B. KANAGA SABAPATHY, BANKS/ EMPANELMENT / EDITOR

questions & opinions KNOWLEDGE BANK FROM B K ARUNA LET KNOWLEDGE SPREAD “Questions and Opinions – 16/08/2024”. Message from B K ARUNA Question: In the order of Chief Commissioner of Income Tax for the Registration of Valuers, it has been mentioned the category as I for the year 1999 – 2000. Whether I have to

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“QUESTIONS & OPINIONS-15/08/2024”:DEPRECIATION IS APPLIED ON WHICH VALUE

B. KANAGA SABAPATHY, BANKS/ EMPANELMENT / EDITOR

questions & opinions KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD “Questions and Opinions – 15/08/2024”. Question: When I estimate the present value of a machine, whether depreciation is to be applied on purchase value or market value? Opinion: The depreciation is to be applied on the replacement value and not on the purchased

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“QUESTIONS & OPINIONS-13/08/2024”: VALUATION OF TEMPLE

B. KANAGA SABAPATHY, BANKS/ EMPANELMENT / EDITOR

questions & opinions KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD “Questions and Opinions – 13/08/2024”. Question : A property has been offered as collateral security. On inspection, it was found that it is a place of worship (temple) of a community. How to go about in this situation? Opinion: The valuation for collateral

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“QUESTIONS & OPINIONS-12/08/2024”: WHAT IS MUTATION

B. KANAGA SABAPATHY, BANKS/ EMPANELMENT / EDITOR

questions & opinions KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD “Questions and Opinions – 12/08/2024”. Question: What is meant by Mutation Records? Opinion: (by Mr. L. Dakshinamurthy, Advocate) It should be read as “Mutation of Records” or “Mutation of entries in the Records”. The Word “Mutation” means “change” or “alteration”. There is a

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