NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 18.08.2023 HOW TO VALUE A FLAT WITH DIFFERENT COVERED AREA IN DEED ? Question : I have recently valued a residential flat in an apartment building of stilt + 4 floors consisting of total 8 flats. The area of the flat […]
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KNOWLEDGE BANK LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 16.08.2023 HOW TO VALUE A PROPERTY OF A DIVORCED COUPPLE ? Question : Husband and wife are divorced. The wife is now settled in USA. She owns a property in India. Now, the husband is requesting me to certify the market value of the said
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 16.08.2023 VALUERS-WHAT TO DO WHEN ACCOUNT BECOME NPA? Question : I am a panel valuer for banks for more than 25 years. Now-a-days, bank managers start suspecting my integrity even for small mistakes in my valuation report especially when the account
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 14.08.2023 HOW TO CALCULATE THE BOOK VALUE OF A RESIDENTIAL FLAT? Question : How to calculate the book value of a residential flat? My opinion : 1. A flat consists of two components, namely UDS of land and super built up
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 12.08.2023 VALUATION METHOD FOR PROPERTY CONSTRUCTED IN TWO PHASES? Question : A plot was acquired in 1998 – 99. Ground floor was constructed in 1999 – 2000. First floor was built in 2013 – 14. Property was sold for a net
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 11.08.2023 RTI DRAFT TO GET LAND RATES FROM SUB REGISTRARS OFFICE? Question : To obtain the guideline rate authentically for the purpose of ascertaining capital gains, you have been advising to apply through RTI to the concerned registrar’s office and get
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 10.08.2023 COST INFLATION INDEX OF FY-2022-2023? Question : In the notification dt. 14.06.2022, the CBDT has announced the following : S.no. Financial year Cost Inflation Index 22
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Saturday Brain Storming Thought (185) 19/08/2023 NEGATIVE LIABILITY Technically, a negative liability is a company asset, and so should be classified as a prepaid expense Most negative liabilities are created in error, so their presence indicates problems with the underlying accounting system Negative liability means in case of any negative entry in the present quarter
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Saturday Brain Storming Thought (184) 12/08/2023 PREPAID ASSETS A Prepaid Asset is a financial resource that a business has paid for in full, although the full benefit of that resource will not be used until a future date A Prepaid Asset can also be expressed as an expense that has been paid for that will
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 05.08.2023 WHAT ARE BUNDLE OF RIGHTS FOR A PROPERTY? Question : What are the bundles of rights? Opinion : The term “bundle of rights” describes the set of legal rights associated with ownership of real property. The “bundle” is made up
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 04.08.2023 HOW TO VALUE A LEASE HOLD PROPERTY WITHOUT A VALID REGISTRATION OF LEASE DEED? Question : A leasehold property without registration is considered as freehold land. For live and licence agreement, licence is not required for registration. If it is
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Message from B. Kanaga sabapathy 03.08.2023 DIFFERENCE BETWEEN DEPRECIATED REPLACEMENT COST & WRITTEN DOWN VALUE? Question : I am quite often confused with the words Depreciated Replacement Cost and Written Down Value. Can you explain with the help of an illustration? My opinion : Depreciated Replacement
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