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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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
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
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
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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.
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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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