Property Valuation FAQs

An IBBI Registered Valuer is a professional registered with the Insolvency and Bankruptcy Board of India under the Companies (Registered Valuers and Valuation) Rules, 2017, after passing the IBBI valuation examination in a specific asset class. Er. Shivam Verma of V.N.V Engineers is registered in the Land & Building class with registration number IBBI/RV/02/2023/15442.

The property is the bank's security for the loan. An independent valuation tells the bank what the property is worth and what it could realise if sold, which decides the loan amount, the margin and the risk the bank is taking.

Fair market value is the price a property would fetch between a willing buyer and willing seller. Realisable value is what the bank expects to recover on sale, usually a little below market value. Distress (forced-sale) value is the lower amount expected in a quick sale, such as a recovery auction.

The circle rate (guideline value) is the minimum rate fixed by the district administration for stamp duty and registration. Market value is the realistic price of the property in the open market. Valuation reports for banks record both figures.

Usually the sale deed or title deed with the previous chain of documents, the approved building plan, the allotment letter or builder-buyer agreement for flats, the latest property tax receipt, and revenue records such as khatauni for land. Additional documents may be needed depending on the property and the purpose.

The valuer studies the documents, inspects the property in person, measures it, records photographs and GPS location, checks construction against the approved plan, researches comparable sale prices and circle rates, and then prepares a report stating the method, assumptions and values.

It depends on the property type, its location and how complete the documents are. Bank valuations are prepared within the turnaround time set by the lender. Contact V.N.V Engineers with the property details for a timeline on your specific case.

For bank loans the valuation fee is set by the bank's schedule. For private, legal or tax valuations the fee depends on the property type, size, location and purpose of the report. Send the property details through the contact page or call +91 94585 63975 for a quote.

Punjab National Bank, Indian Bank, Canara Bank, Uttar Pradesh Gramin Bank, City Union Bank, AU Small Finance Bank, Cent Bank Home Finance, Grihum Housing Finance, Vastu Housing Finance and Wonder Home Finance.

The firm has offices in Agra (Sanjay Palace) and Noida (Sector 107), Uttar Pradesh, and takes up valuation assignments in and around these cities for banks, NBFCs, government agencies and private clients.

Both. Besides bank assignments, V.N.V Engineers prepares valuation reports for individuals and businesses for sale or purchase, family partition, legal disputes, capital-gains tax, visa and net-worth purposes.

The market comparison (sales comparison) approach, the cost approach (land value plus depreciated cost of construction), the income approach for rented property, and Discounted Cash Flow (DCF) for projects and income-producing assets. The method is chosen to suit the property and the purpose of valuation.