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IIREIF News
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Coming soon Distant Learning Programmes in Real Estate
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Collaboration with Great value (www.greatvalueindia.com)
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Hiring initiate by Eldeco & Great value (from IIREIF)
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Seminar on Real Estate in IIMT Aligarh on 1st May '2010
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Coming soon Seminar on Real Estate in Noida
Property Valuer
1. VALUATION OF PROPERTIES
a) To understand completely the requirement of the client as to why the Valuation is required i.e what is the purpose of Valuation, since there are different methods to be applied for different type of Valuations.
b) To ask for all the relevant Papers concerning property to be valued to Know about the History and Geography of the Property. Papers required are Lease/ Sale Deed of Land /Building/Flat showing the ownership rights, Sanctioned Building Plan, Site Plan if any or any other concerned document such as House Tax receipts showing the Zone and Area of the covered property
c)To visit actually the site of property to be Valued to Asses, personally or through Rep. the correctness and other relevant Factors. The Owner or his Rep is required to identify the property as per details given in papers
d) To take the actual measurements of the land / Building to verify the areas on the ground and to account for accordingly in Valuation so that there is no Objection from any Authority at a later stage and correct valuation is certified
e) the valuation is then printed on the prescribed Performa and TWO copies duly signed and stamped are furnished to the Client
f) The Client is at a liberty to discuss his views and possibility of any correction to the extent it is permissible under Rules and Regulations
g) The soft copy of the report is preserved in Computer and can be mailed if so desired by the client
h) The professional charges are kept very reasonable depending on the type of Valuation and Distance of the Property from our Office at Janakpuri
i) Full advice is offered for further action to be taken for tax purposes such as the Construction Cost Indices, The Inflation Cost Indices, Plinth Area Rates for Various years based on CPWD Schedule of Rates, Depreciation per year for the buildings, Prevailing Land Rates Current & Previous Circle Rates for Registry.
2. OTHER SERVICES
Our highly expert team of professionals helps us to provide all type of Engineering Services as mentioned above and immaculate property related services to our clients Supported by many management professionals and skilled technocrats who provide with all the necessities enabling to our team to keep the functioning smooth. Our Services are available for all the days of the week
3. Team Work
We, ensure that all the Valuation and other projects taken in hand are materialized under the expert guidance of our Chief. We have a team of experienced staff as mentioned above. Over the years, we have formed ethical rapport with a wide network of renowned associates in many Towns and in other Fields such as, Architects Interior Designers, Renowned Contractors, Advocates, Chartered Accountants who work on our projects. Our Chief and team members have years of experience and in depth knowledge in Valuation, Engineering Field and the Real Estate Industry.
Emphasizing on fact of cracking all the Works undertaken legally and in proper order, our Chief and professionals ensure that no compromise is made ever for any of the clients. We also help the clientele prepare and get complete legal documents for the property bought or sold.
4. Clients Satisfaction
Our main goal is to use all our resources to help our clientele to enjoy the best deal in terms of Valuation of residential and commercial properties. We make sure that we deal with our clientele personally and understand their exact requirements. Moreover, with our valuable services and professionalism we have created a wide range of clientele base.
Frequently Asked Qustions
What is an independent property valuation?
A valuer assesses the value of land, buildings, improvements and other factors that influence the value of your property, a process that usually involves an external and internal inspection of the property. Valuers are independent with no vested interest in the properties they value. A valuation report is a professional and legal assessment of the value of your property prepared for many different purposes.
Is a valuation different from a real estate agent's appraisal?
An independent valuation and a real estate agent's appraisal are documents that are created for different purposes. An agent uses his expert local market knowledge to arrive at a selling figure at which the property should be placed on the market. A qualified property valuer carries out a valuation for a variety of clients including banks, solicitors and individual property owners for a wide range of purposes. At PropertyValuer.org, you get the best of both worlds, a realtors opinion as well as a Qualified Property Valuers Report.
How much does a valuation cost?
The cost of a valuation varies according to the location, size, value and type of the property to be valued, as well as the type of report required, i.e. short-form three page report or long-form report that is more detailed and required particularly for family law or litigation purposes. The cost of a valuation is usually tax deductible if the property is held for investment purposes. The cost of this professional advice is relatively small compared to your investment and the potential savings and peace of mind it can provide you. Please contact IPV for a quote on your property.
What qualifications does a valuer have?
He must be Engineering Graduate and Member/Fellow of Institution of Valuers and licensed by the Institution of Valuers to practice as "Approved Valuer" A valuer must complete relevant tertiary level qualifications and be licensed or registered by the appropriate state body to practise as a qualified valuer. Only qualified valuers are recognised by courts of law as expert interpreters of the property market. We have suitably qualified Valuers on our panel of Valuers.
Is a valuation different from a council rates notice?
Yes. A rating valuation is prepared for the purpose of assessing rates and land tax of a property. It does not usually involve an internal inspection and is prepared at a particular date. The relevant date of valuation on your rates notice can vary depending upon where you live. This valuation cycle can be 12 months and up to 4 years in some cities.
I am buying a property do I need a valuation?
A valuation before you buy a property can provide you with an independent opinion of its value. This can help you negotiate the right price and save you money. Valuers will check the property’s title and zoning as well as provide a risk analysis which highlights any potential opportunities or threats.
I am selling my property do I need a valuation?
Before you sell your property, a valuation can provide you with an independent assessment of current value before placing it on the market. This figure may be different to what a real estate agent says your property is worth. The valuation report is a document that can be used as a negotiating instrument to ensure you do not sell a property for less than it is actually worth. A valuer can also provide you with tips on how to add value to your property.