Property Valuation

We provide an efficient, affordable and fast services to Builders, Self-builders and Architects who are pushed for time when it comes to pricing up the costs of construction.

Proformas approved by the ministry of finance (government of India), for the preparation of Valuation for different assets are as specified in the table below:-

Note : -Valuers shall adopt the following proformas, while preparing their valuation Reports.

General:

1. Purpose for which valuation is made.
2. Date as on which valuation is made.
3. Name of the owner/owners.
4. If the property is under joint ownership/co-ownership, share of each such owner. Are the shares undivided.
5. Brief description of the property.
6. Location, Street, Ward No.
7. Survey/Plot No. of land.
8. Is the property situated in residential/commercial, mixed area/industrial area.
9. Classification of locality - high class/middle class/poor class.
10. Proximity to civic amenities, like schools, hospitals, offices, market, cinemas, etc.
11. Means and proximity to surface communication by which the locality is served.

Land:

12. Area of land supported by documentary proof: Shape, dimensions and physical features.
13. Roads, street or lanes on which the land is abutting;
14. Is it free-hold or lease-hold land ?
15. If lease-hold, the name of leaser/lessee, nature of lease, date of commencement and terms of renewal of lease:

(i) Initial premium;
(ii) Ground rent payable per annum;
(iii) Unearned increase payable to the leaser in the event of sale or transfer.

16. Is there any restrictive covenant in regard to use of land? If so, attach a copy of the covenant.
17. Are there any agreements of easements? If so, attach copies.
18. Does the land fall in an area included in any Town Planning Plan of Government or any statutory body? If so, give particulars.
19. Has any contribution been made towards development or is any demand for such contribution still outstanding?
20. Has the whole or part of the land been notified for acquisition by Government or statutory body? Give date of notification.
21. Attach a dimensioned site plan.

Improvements:

22. Attach plans and elevation of all structures standing on the land and a lay-out plan.
23. Furnish technical details or the building on a separate sheet. The annexure to this Form may be used.
24. (i) Is the building owner-occupied/tenanted/both?
(ii) If partly owner-occupied, specify portion and extent of area under owner-occupation.
25. What is the Floor Space Index Permissible and percentage actually utilised?

Rents:

26. (i) Names of tenants/lessees/licensees, etc.
(ii) Portions in their occupation.
(iii) Monthly or annual rent/compensation/license fee, etc. paid by each.
(iv) Gross amount received for the whole property.
27. Are any of the occupants related to, or close business associates of the owner?
28. Is separate amount being recovered for the use of fixtures, like fans, geysers, refrigerator, cooking ranges, built-in wardrobes, etc. or for service charges? If so, give details.
29. Give details of water and electricity charges, if any, to be borne by the owner.
30. Has the tenant to bear the whole or part of the cost of repairs and maintenance? Give particulars.
31. If a lift is installed, who is to bear the maintenance and operation – owner or tenant?
32. If a pump is installed, who has to bear the cost of maintenance and operation – owner or tenant?
33. Who has to bear cost of electricity charges for lighting of common space like entrance hall, stairs, passages, compound etc. – owner or tenant ?
34. What is the amount of property tax? Who is to bear it? Give details with documentary proof.
35. Is the building insured? If so give the policy no., amount for which it is insured and the annual premium.
36. Is any dispute between landlord and tenant regarding rent pending in a court of law?
37. Has any standard rent been fixed for the premises under any law relating to the control of rent?

Sales:

38. Give instances of sales of immovable property in the locality on a separate sheet, indicating the name and address of the property, registration no., sale price and area of land sold.
39. Land rate adopted in this valuation.
40. If sale instances are not available or not relied upon the basis of arriving at the land rate.

Cost of Construction:

41. Year of commencement of construction and year of completion.
42. What was the method of construction – by contract, by employing labour directly/both ?
43. For items of work done on contract, produce copies of agreements.
44. For items of work done by engaging labour directly, give basic rates of material and labour supported by documentary proof.