Knowing 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.
Requesting for all the relevant Papers concerning property to be valued to know
about the Past and Topography 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. Visiting
essentially the site of property to be valued. The Owner is required to
identify the property as per details given in papers.
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| Valuated Property |
Taking 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 the valuation is then printed on
the prescribed Performa and TWO copies duly signed and stamped are furnished to
the Client 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, The
soft copy of the report is preserved in Computer and can be mailed if so
desired by the client. The professional charges are kept very reasonable
depending on the type of Valuation and Distance of the Property from our Office
at Chennai. 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 & PWD Schedule of Rates,
Depreciation per year for the buildings, Prevailing Land Rates Current &
Previous Circle Rates for Registry.
Valuation
of Fixed Assets
Fixed assets represents assets held with the intention of being used for the purposeof producing or providing goods or services and are not held for sale in the normal course of business.Scope and coverage deals with land, building, plant and machinery, vehicles, furniture and fittings except Regenerative natural resources like forests and plantations Expenditure on the exploration and extraction of non- regenerative sources like minerals, oil and natural gas. Expenditure on real estate development, Livestock, Leased assets the standard however, covers the individual items of those fixed assets which are used to develop or maintain the
Banks and Financial Institutions Support:
Valuation of industrial assets like plant and machinery for obtaining term loans, working capital loan, cash credit and acquisition, recovery, sale and for settlement of loans mergers acquisitions purpose etc.Study of new project proposals, analysis and preparation of technical feasibility reports and high light risk factors for considering sanction of term loans etc.All loaning institutions providing funds for housing request a qualified valuer’s certificate along with the loan application itself for sanctioning a loan against the hypothecation etc. of proposed house purchase.While dividing assets of a joint family, a qualified valuer’s report leads to smoother operations and fair adjustments.
Insurance:
Risk inspections, valuation of industrial assets for the purpose of obtaining suitable insurance risk coverage and policy, surveying and loss assessments concerning engineering and miscellaneous claims.
Industries:
Valuation of plant and machinery for the purpose of capital assets verification, inventory loss assessments, quantity surveying and valuation of old, used and scrap equipment and machinery for tendering and disposal, sale and auctioning etc.
Valuation of stock:
Detailed inspection of raw material, work in progress, finished goods, etc., and value Assessment of stock for considering sanction of working capital, cash credit loans etc. Valuation of Land Building, Jewels, Machinery appraisals, Stock, All types of assets, Engineering consultancy services, Chartered engineer's (CE) certification, Pre-shipment inspection (PSI), Investment.
Certification Services:
Certification works as Chartered Engineer for certifying stages of construction of projects, completion, project implementation, Pre-shipment inspection (PSI) certifying subsidy claims for small scale industries etc.
Sickness Analysis Reports:
Inspection of sick units (both declared and those likely to be declared as non profitable, technical analysis of causes for under performance and suggesting remedial measures for revival, improvement and restructuring of loans etc…
Responsibilities
of Approved Valuer:
Valuation of Properties for the purpose of Project Appraisal and Mortgage of Properties.For Term Loans and Working Capitals the properties are valued.To Amalgamate, Acquire and Hypothecate the assets are valued on Market Value Basis.Insurance is ascertained on reinstatement basis of the property.The new projects are analysed for their Technical Feasibility and Economic Viability.To monitoring the progress of the Projects.Valuation of impregnable assets as per Accounting Standard AS-28.Preparation of reports for Capital Gains and Taxation.Calculations for Income Tax and Wealth Tax.Issuing of Liquidation and Solvency Certificates.Advising the Client to disinvest, if the industry is found sick.Valuation of Residential Flats.Ascertaining the value of Land and Buildings.Report preparation of Plant & Machinery of factories by calculating the Market Value.Valuation of Industrial Plots and Agricultural Lands. Ascertaining the feasibility and value of Vehicles.Evaluation of Brands, Goodwill of the Organization and Know-how of the Enterprises.Studying Techno-Economic Viability and Project Appraisal.Preparing the Asset Register and verifying the Assets.Providing Charted Engineering services to the clients.Working as Lenders’ Engineers to monitor the progress of the Projects.Valuation of Assets for Insurance purpose on Reinstatement Cost Basis. Ascertaining the replacement value of machineries and equipment’s. Investigating the residual life of machinery and other assets.Analysing the Quality of Machinery and Equipment’s. Inventory and Stock Auditing.
Regards,
Jaya Ruban Joseph,
Approved Valuer, Civil Engineer & Quantity Surveyor,
Building Valuation in India,
Chennai – 600 0125,
Mobile: +91 9500614340
Email: josephruban33@gmail.com
Blogspot: http://buildingvaluation.blogspot.in/
Facebook: https://www.facebook.com/landvaluer/
Twitter: https://twitter.com/JOSEPHRUBAN33
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