NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
WHY LIFE IS PRECIOUS: EXPLAINED SCIENTIFICALLY FROM THE BEGINNING TILL NOW AND POSSIBLY FOR FUTURE ALSO BY:-ER. AMIT BANSAL We take the Sun for granted. So is it about the Moon, water, air, and even MOTHER NATURE? In a nutshell, we take LIFE for granted. In our Milky Way galaxy, there may be billions of […]
Saturday Brain Storming Thought (118) 19/06/2021 COMPILED BY ER. AVINASH KULKARNI BARE SHELL PROPERTIES Bare Shell refers to a property, whose construction is completed and has basic building services in place Such properties have unfurnished interiors and lack heating, ventilation, and Air conditioning (HVAC) systems, lighting, plumbing, and elevators Bear Shell condition The building’s condition
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR LET KNOWLEDGE SPREAD Spend your lockdown period usefully. Message from B. Kanaga Sabapathy Sir – 15.06.2021 Dear fellow valuers, The article “Mere arithmetical calculation is not market value” appeared in the Indian valuer of May 2021 issue is reproduced here for the sake of fellow valuers. https://drive.google.com/file/d/1eJ1pofHRE16e9aUx5P-9-wO_cIfLejlw/view?usp=sharing With
Saturday Brain Storming Thought (117) 12/06/2021 COMPILED BY ER. AVINASH KULKARNI WARM SHELL PROPERTIES The term shell lease is used when the rented property is an unfinished shell of a piece of commercial real estate, where the tenant must complete design and construction and add any necessary furniture, fixtures, and equipment Warm Shell Property A
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY LET KNOWLEDGE SPREAD Spend your lockdown period usefully. Message from B. Kanaga Sabapathy Sir – 09.06.2021 Dear fellow valuers, 1. Income tax department has prescribed two books on guidelines on valuation for their valuation cell officers. These books contain valuable information related to valuation for taxation. 2. A registered
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR LET KNOWLEDGE SPREAD Spend your lockdown period usefully. PART-23 03.06.2021 CHOOSE THE RIGHT ANSWER – YES / NO 221. Rent control act, Urban land ceiling act, and Coastal regulation are examples of legal factors. Is it right? ….. Yes / No 222. Locality, neighborhood, and civic amenities are
Saturday Brain Storming Thought (116) 05/06/2021 COMPILED BY ER AVINASH KULKARNI STAMP DUTY VALUE Under section 55 of the income tax act – Stamp duty value means any value adopted by authority of the CG or SG for the purpose of payment of stamp duty for the immovable property Stamp Duty Stamp duty is a
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR LET KNOWLEDGE SPREAD Spend your lockdown period usefully. PART-21 01.06.2021 CHOOSE THE RIGHT ANSWER – YES / NO 201. It is the true value of the property as distinct from the agreement value. This true value is called as “historic cost”. Is it right?.….. Yes/No 202. The four
KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR LET KNOWLEDGE SPREAD Spend your lockdown period usefully. PART-18 29.05.2021 CHOOSE THE RIGHT ANSWER – YES / NO 171. In case of any sale or transfer of any real estate property, the capital invested is not certain. Is it right?.….. Yes/No 172. In a court judgement Gold coast
KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR LET KNOWLEDGE SPREAD Spend your lockdown period usefully. PART-16 27.05.2021 CHOOSE THE RIGHT ANSWER – YES / NO 151. If a valuer wants to be very thorough with capital gain tax calculations, he has to be thorough with the latest provisions of the Income Tax Act. Is it
Saturday Brain Storming Thought (115) 29/05/2021 COMPILED BY ER AVINASH KULKARNI DESKTOP VALUATION A desktop valuation (also known as desktop appraisal) is a valuation performed without a physical inspection of a property It will generally be undertaken where a full inspection of a property cannot take place Accuracy of Desktop Valuation It is considered unreliable
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KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR LET KNOWLEDGE SPREAD Spend your lockdown period usefully. Methods of valuation – Mr. P. Raghavendra Rao : Message from B. Kanaga Sabapathy 23.05.2021 Dear fellow valuers, Mr. P. Raghavendra Rao (late) was a genius in valuation. He was a valuation cell officer attached to the Income-tax department and