Realtybills Property Valuation Calculator – Get an Instant Estimate of Your Property’s Market Value

Property Valuation Calculator – Get an Instant Estimate of Your Property’s Market Value

Property Valuation Calculator - Get an Instant Estimate of Your Property's Market Value

VALUATION REPORT

	GENERAL
1.	PURPOSE FOR WHICH VALUATION IS MADE	:-	ASSESSMENT OF FAIR MARKET VALUE OF THE PROPERTY FOR LOAN PUROSE
2.	DATE AS ON WHICH VALUATION IS MADE	:-	VISIT ON DT.
3.	NAME OF THE PARTY & OWNER	:-	PARTY NAME ——- R/O —— APARTMENT. AREA —- PLACE —–
4.	IF THE PROPERTY IS UNDER JOINT OWNERSHIP/ CO-OWNERSHIP, SHARE OF EACH SUCH OWNER, ARE THE SHARES UNDIVIDED?	:-	——- OWNERSHIP
5.	BRIEF DESCRIPTION OF THE PROPERTY:- THE “———- APARTMENT”, IS GROUND PLUS —— STORIED BUILDING. THE BUILDING IS WITH LIFT FACILITY. THE CAPTIONED PROPERTY UNDER VALUATION IS FLAT NO. —-, ON ——- FLOOR COMPRISES OF HALL, —— BED ROOMS (ONE IS ATTACHED WITH TOILET BLOCK), KITCHEN, ONE COMMON TOILET. & ——- BALCONY ALLOTTED CAR PARKING SPACE IS PROVIDED. THE CONSTRUCTION IS R.C.C. FRAME STRUCTURE WITH BRICK MASONRY WALLS OF —-” & —-” WIDE. WALLS ARE PLASTERED WITH NEERU FINISHED INTERNALLY AND SAND FACED EXTERNALLY. ROOF IS OF R.C.C. SLAB. FLOORING IS OF MARBLE IN ALL ROOMS. KITCHEN IS MODULAR TYPE HAVING GRANITE TOP PLATFORM WITH S.S. SINK AND DADO. OPENINGS ARE OF T.W. DOORS AND WINDOWS WITH M.S. SAFETY GRILL ALL W.C. AND BATH HAS CERAMIC TILES FLOORING WITH GLAZED TILES ON WALLS. THE SAID FLAT IS FULLY FURNISHED WITH INTERIOR, P.O.P. CEILING, FIXED FURNITURE LIKE CUPBOARDS, WARDROBES, AIR CONDITIONER, AIR COOLED DUCTS, ETC. ALL REQUIRED CONCEALED ELECTRIFICATION, PLUMBING AND SANITARY WARE IS PROVIDED. COMMON N.M.C. TAP CONNECTION, BORE WELL, WELL, WATER TANK IS PROVIDED FOR WATER SOURCE. THE PROPERTY HAS ROAD FACILITY, POWER SUPPLY AVAILABILITY, WATER POTENTIALITY AND FEASIBILITY TO ALL CIVIC AMENITIES AND MEANS OF SURFACE COMMUNICATION IN THE VICINITY.
6.	LOCATION, STREET, WARD NO.	:-	R/O —— APARTMENT —- HOUSE NOS—-, CITY SURVEY N0. —–, SHEET N0. ——, SITUATED AT ——-, WARD N0. —–, MOUZA – —–, TAH. & DIST. ——-.
7.	SURVEY OF FLAT NO. OF LAND	:-	FLAT NO. —, ADDRESS—–, CITY —-
8.	IS THE PROPERTY SITUATED IN RESIDENTIAL/COMMEHCIAL/MIXED AREA/ INDUSTRIAL AREA?	:-	RESIDENTIAL AREA AND CLOSE TO MARKET PLACE
9.	CLASSIFICATION OF LOCALITY..HIGH CLASS/ MIDDLE CLASS/POOR CLASS	:-	UPPER & HIGH CLASS
10.	PROXIMITY TO CIVIC AMENITIES, LIKE SCHOOLS, HOSPITALS, OFFICES, MARKETS. CINEMA ETC	:-	WITHIN 2 K.M. RADIUS
11.	MEANS AND PROXIMITY TO SURFACE COMMUNICATION BY THE LOCATION IS SERVED	:-	APPROCHABLE BY ROAD
	LAND
12.	AREA OF LAND SUPPORTED BY DOCUMENTARY PROOF, SHAPE, DIMENSIONS & PHYSICAL FEATURES: AS PER DEED OF DECLARATION VIDE REGISTRATION NO.NGN—–, DT.———. FLAT AREA : —— SQ. M. (——— SBU)
13.	ROADS, STREETS OR LANES ON WHICH THE LAND IS ABUTTING.	:-	BY ROAD
14.	IS IT FREEHOLD OR LEASEHOLD LAND ?	:-	FREE HOLD PLOT

15.	IS THERE ANY RESTRICTIVE CONVENIENT IN REGARD TO USE OF LAND? IF SO ATTACH A COPY OF THE CONVENANT	:-	NO
16.	ARE THERE ANY AGREEMENTS OF EASEMENTS? IF SO, ATTACH COPIES	:-	NO
17.	DOES THE LAND FALL IN AN AREA INCLUDED IN ANY TOWN PLANNING PLAN OF GOVERNMENT OR ANY STATUTORY BODY? IF SO, GIVE PARTICULARS	:-	PROPERTY IS SITUATED WITHIN THE LIMITS OF N.M.C. & N.I.T.
18.	HAS ANY CONTRIBUTION BEEN MADE TOWARDS DEVELOPMENT OR IS ANY DEMAND FOR SUCH CONTRIBUTION STILL PENDING / OUTSTANDING?	:-	NOT APPLICABLE
19.	HAS THE WHOLE OR PART OF LAND BEEN NOTIFIED FOR ACQUISITION BY GOVERNMENT OR ANY STATUTORY BODY?	:-	NO
	GIVE DATE OF THE NOTIFICATION
20.	ATTACH A DIMENSIONED SITE PLAN	:-	ATTACHED
	IMPROVEMENTS
21.	ATTACH PLANS AND ELEVATIONS OF ALL STRUCTURES STANDING ON THE LAND AND A LAYOUT PLAN	:-	AS PER PLAN.
22.	FURNISH TECHNICAL DETAILS OF THE BUILDING ON A SEPARATE SHEET	:-	AS GIVEN IN SR. NO. —- BRIEF DESCRIPTION OF THE PROPERTY
23.	(1)IS THE BUILDING OWNER- OCCUPIED /TENANTED / BOTH? (2) IF PARTLY OWNER – OCCUPIED, SPECIFY PORTION AND EXTENT OF AREA UNDER OWNER-OCCUPATION	:-	OWNER OCCUPIED NOT APPLICABLE
24.	WHAT IS THE FLOOR SPACE INDEX PERMISSIBLE AND PERCENTAGE ACTUALLY UTILIZED?	:-	FLAT SCHEME
	RENT
25.	IS THE BUILDING OWNER OCCUPIED/ TENANTED /BOTH (1) NAMED OF TENANTS / LESSEES/LICENSES ETC (2) PORTIONS IN THEIR OCCUPATION (3) MONTHLY OR ANNUAL RENT/ COMPENSATION I LICENSE FEE ETC. PAID BY EACH (4) GROSS AMOUNT RECEIVED FOR THE WHOLE PROPERTY	:-	OWNER OCCUPIED NOT APPLICABLE NOT APPLICABLE NOT APPLICABLE NOT APPLICABLE
26.	AREA ANY OF THE OCCUPANTS RELATED TO, OR CLOSE BUSINESS ASSOCIATES OF, THE OWNER?	:-	NOT APPLICABLE
27.	IS SEPARATE AMOUNT BEING RECOVERED FOR THE USE OF FIXTURES LIKE FANS, GEYSERS, REFRIGERATORS, COOKING RANGES, BUILT IN WARDROBES, ETC. OR FOR SERVICE CHARGES? IF SO, GIVE DETAILS	:-	NO
28.	GIVE DETAILS OF WATER AND ELECTRICITY CHARGES, IF ANY TO BE BORNE BY THE OWNER.	:-	OWNER
29.	HAS THE TENANT TO BEAR THE WHOLE OR PART OF THE COST OF REPAIRS AND MAINTENANCE? GIVE PARTICULARS	:-	NO
30.	IF A LIFT IS INSTALLED, WHO BEARS THE COST OF MAINTENANCE AND OPERATION -OWNER OR TENANT?	:-	OWNER
31.	IF A PUMP IS INSTALLED, WHO HAS TO BEAR THE COST OF MAINTENANCE AND OPERATION —OWNER OR TENANT?	:-	OWNER
32.	WH0 HAS TO BEAR THE COST OF ELECTRLCITY CHARGES FOR LIGHTING OF COMMON SPACE LIKE ENTRANCE HALL, STAIRS, PASSAGES, COMPOUND, ETC —	:-	OWNER
	OWNER OR TENANT?
33.	WHAT IS AMOUNT OF PROPERTY TAX? WHO IS THE BEAR IT? GIVE DETAILS WITH DOCUMENTARY PROOF.	:-	AS PER HOUSE TAX RECEIPT.
34.	IS THE BUILDING INSURED? IF SO GIVE THE POLICY NO. AMOUNT FOR WHICH IT IS INSURED AND THE ANNUAL PREMIUM.	:-	TO BE VERIFY
35.	IS ANY DISPUTE BETWEEN LANDLORD AND TENANT REGARDING RENT PENDING IN A COURT OF LAW?	:-	NOT APPLICABLE
36.	HAS ANY STANDARD RENT BEEN FIXED FOR THE PREMIBES UNDER ANY LAW RELATING TO THE CONTROL OF RENT?	:-	NOT APPLICABLE
	SALES
37.	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.	:-	AS PER GOVT. VALUATION : I) FLAT AREA —- SQ. M. X RS.—–/- PER SQ. M, X 0.9 =RS. ——-/-
38.	LAND/FLAT/SHOP RATE ADOPTED IN THIS VALUATION	:-	PREVAILING MARKET RATE IN THE AREA IS RANGING BETWEEN ; RS.—–/- TO RS.—–/- PER SQ. M. RATES ADOPTED FOR VALUATION: RS.——-/- PER SQ. M.
39.	IF SALE INSTANCES ARE NOT AVAILABLE OR NOT RELIED UPON, THE BASIS OF ARRIVING AT THE LAND RATE: THE ABOVE RATE IS TAKEN AFTER INQUIRY WITH ESTATE AGENTS, COMPARATIVE SALES INSTANCES, REFERRING STAMP DUTY INDEX AND ON CONSIDERATION OF SITUATION, LOCATION, FRONTAGE, APPROACH ROADS, ALL SERVICES AVAILABLE LIKE WATER SUPPLY, POWER, THE PRESENT COMMERCIAL AND RESIDENTIAL POTENTIALITY AND ENVIRONMENTAL CONDITIONS PRESENT COMMERCIAL AND RESIDENTIAL POTENTIALITY AND ENVIRONMENTAL CONDITIONS RATE AND RATES OF ADJOINING PROPERTIES. THE PRESENT MARKET RATE OF THE SAID PROPERTY INCLUDING LAND SHARE & CONSTRUCTION I.E. COMPOSITE RATE (INCLUDES LAND, SUPER BUILT UP AREA IN POSSESSION, PROPORTIONATE SHARE IN COMMON AREAS/FACILITIES & AMENITIES, ETC.)
	COST OF CONSTRUCTION
40.	YEAR OF COMMENCEMENT OF CONSTRUCTION AND YEAR OF COMPLETION	:-	YEAR —–.
41.	ESTIMATED FUTURE LIFE		ABOUT 18 YEARS UNDER NORMAL CONDITION AND PERIODICAL MAINTANCES.
42.	WHAT WAS THE METHOD OF CONSTRUCTION — BY CONTRACT/ BY EMPLOYING LABOUR DIRECTLY / BOTH?	:-	BY CONTRACT/ LABOUR
43.	FOR ITEMS OF WORK DONE ON CONTRACT, PRODUCE COPIES ARE AGREEMENTS.	:-	NOT AVAILABLE
44.	FOR ITEMS OF WORK DONE BY ENGAGING LABOUR DIRECTLY, GIVE BASIC RATES OF MATERIALS AND LABOUR SUPPORTED BY DOCUMENTARY PROOF	:-	NOT AVAILABLE

PART II-VALUATION

APPROACH TO VALUATION OF PROPEIHY IS DISCUSSED IN DETAIL IN ANNEXURE-1. DETAILED

CALCULATIONS ARE GIVEN IN ANNEXURE I.

FINAL VALUE OF PROPERTY COMES OUT TO BE RS. ——–/-.

REALIZABLE VALUE : RS. ————–/-,

DISTRESS VALUE : RS. —————-/-,

COST PRICE OF THE PROPERTY IS RS. —————-/-,(ASPER READY RECKONER)

VALUE AS PER COLLECTOR’S RATE LIST (ZONE]

THE VALUE OF REGISTRATION IS RS. ———–/- (AS PER READY RECKONER)

WHEREAS MARKET VALUE IS RS. ————/-.

I HAVE VISITED THE SITE ON DT.———-. THE PROPERTY IS SELF POSSESSED/ ON RENT TO MR./ MIS. THE TENANTS/ TENANCY IS NOT LIKELY AFFECT ENFORCEABILITY OF SECURITY IN THE COURT OF LAW AND UNDER SARFEASI ACT’2002.

PART III – DECLARATION

I HERE BY DECLARE THAT

A) THE INFORMATION FURNISHED IN PART I IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF.
B) I HAVE NO DIRECT OR INDIRECT INTEREST IN THE PROPERTY VALUED.
C) I HAVE PERSONALLY INSPECTED THE PROPERTY.
D) I HAVE NOT BEEN CONVICTED IN ANY OFFENCE AND SENTENCED TO A TERMS OF IMPRISONMENT
E) I HAVE NOT BEEN FOUND GUILTY OF MISCONDUCT IN MY PROFESSIONAL CAPACITY.
F) I HAVE VALUED THE RIGHT PROPERTY.
G) LAYOUT PLAN IN ATTACHED HEREWITH.
H) THIS REPORT DOES NOT COVER CHECK OF OWNERSHIP, TITLE CLEARANCE OR LEGALITY. THE TITLE OF THE PROPERTY IS ASSUMED TO BE CLEAR, MARKETABLE AND FREE FROM ALL ENCUMBRANCES FOR THE SAID VALUATION.
I) THIS VALUATION REPORT IS PURELY AN OPINION AND HAS NO LEGAL & CONTRACTUAL OBLIGATIONS ON OUR PART.
J) THE MARKET RATES ARE ALSO VARIES WITH THE DEMAND, NEEDS, FINANCIAL CONDITION AND MARKET SITUATION. THE RATES ARE BASED ON CURRENT MARKET CONDITION AND THESE MAY VARY WITH TIME AND PURPOSE.
K) THE ASSIGNMENT HAS BEEN COMPLETED ON.BEST EFFORT, KNOWLEDGE AND BELIEF. ISSUED THIS REPORT WITHOUT PREJUDICE.

DATE : —–

PLACE : ——

PANEL VALUER ——
ANNEXURE
1.	PLOT BOUNDARIES			(AS PER SALE DEED)
		——– APARTMENTS		FLAT NO. —— (AS PER SITE+DOCUMENTS)
	EAST
	WEST
	NORTH
	SOUTH
2.	PROXIMITY TO CIVIC AMENITIES		WITHIN 1 K.M. RADIUS
3.	SELF OCCUPIED / LEASED		SELF-OCCUPIED.
4.	GENERAL: THE SUBJECT PROPERTY IS SITUATED WITHIN THE LIMITS OF N.M.C. & N.I.T
5.	SPECIFICATIONS & VALUATION. COVERED AREA : —–

SR.NO.	DESCRIPTION	AREA IN SQ. M.	RATE PER SQ. M.	PRESENT MARKET VALUE IN RS.
1	FLAT NO. —– ON —– FLOOR, IN THE BUILDING ———– APARTMENTS’, ON FREE HOLD PLOT, NMC HOUSE NOS—–, CITY SURVEY N0. —–, SHEET N0. —-, SITUATED AT —–, WARD N0. —, MOUZA – ——, TAH. & DIST. —–. ON OWNERSHIP BASIS WITH AMENITIES.			—————
2	INTERIOR, P.O.P. CEILING, FIXED FURNITURE LIKE CUPBOARDS, WARDROBES, MODULAR KITCHEN, AIR COOLED DUCTS, AIR CONDITIONERS, ETC.		L.S.	————
			TOTAL	————
			SAY RS.	—————

CONSIDERING THE LOCATION OF PROPERTY, SHAPE & SIZE OF PLOT ANO LOCAL ENQUIRIES I ASSESS THE VALUE OF FLAT@ RS. ——————-/-

PLACE : ————-

DATE: —————-

Property Valuation Calculator - Get an Instant Estimate of Your Property's Market Value

Indian Laws Applicable for Property Valuation:

The Indian Stamp Act, 1899: The Indian Stamp Act governs the payment of stamp duty on property transactions. Stamp duty is a significant cost component in property valuation.
The Real Estate (Regulation and Development) Act, 2016 (RERA): RERA regulates the real estate sector, ensuring transparency, accountability, and consumer protection. Compliance with RERA norms impacts property valuations positively.
The Transfer of Property Act, 1882: This Act governs the transfer of property, including sale, lease, mortgage, and gift. Understanding the legalities of property transfers is essential for accurate valuation.
The Registration Act, 1908: The Registration Act mandates the registration of property documents. Proper registration ensures the legality and validity of property transactions.

Property Valuation Calculator - Get an Instant Estimate of Your Property's Market Value

Introduction:

Welcome to our Property Valuation Calculator, where you can quickly and accurately estimate the fair market value of your property in India. Whether you are planning to buy, sell, or refinance your property, knowing its market value is essential. Our step-by-step guide will walk you through the process of property valuation, taking into account various factors and applicable laws in India to ensure a comprehensive and reliable estimation.

Step 1: Gather Property Information

The first step in property valuation is to collect all the relevant information about your property. This includes the property’s address, size, construction details, amenities, and any recent renovations or improvements. Additionally, you will need information about the property’s ownership, whether it is freehold or leasehold, and any co-ownership details if applicable.

Step 2: Assess Property Location

The location of a property plays a crucial role in its valuation. Different areas in India have varying demand and market trends, affecting property prices. Consider factors such as proximity to schools, hospitals, markets, public transportation, and overall infrastructure development in the area. Higher demand locations often result in higher property values.

Step 3: Determine Property Type and Classification

India has various property types, such as residential, commercial, mixed-use, and industrial. Each type has distinct valuation criteria and applicable laws. Determine the classification of your property to proceed with the correct valuation approach.

Step 4: Understand the Classification of Locality

Locality classification is an essential aspect of property valuation. In India, properties are classified into high class, middle class, and poor class based on various socio-economic factors. This classification helps in understanding the market dynamics and demand for properties in a specific area.

Step 5: Evaluate Civic Amenities and Infrastructure

Access to civic amenities such as schools, hospitals, offices, markets, and transportation significantly impacts property values. Evaluate the proximity of your property to these amenities within a reasonable radius to assess its desirability and potential value.

Step 6: Calculate Floor Space Index (FSI) and Utilization

Floor Space Index (FSI) is the ratio of the total built-up area to the total plot area. Understanding the permissible FSI and the actual FSI utilized in your property’s construction helps determine its value. Non-compliance with FSI regulations can affect property values and may lead to legal issues.

Step 7: Consider Easements and Town Planning Plans

Check for any existing easements on your property, which may impact its value or usage rights. Additionally, verify if the property falls within the jurisdiction of any town planning plan formulated by the government or statutory body.

Step 8: Evaluate Property Sales in the Locality

Analyze recent property sales in the same locality to get an idea of market rates and trends. Comparable sales data helps in setting a benchmark for your property’s value and ensures a more accurate estimation.

Step 9: Estimate the Cost of Construction

The cost of construction is a vital aspect of property valuation. Assess the year of construction, estimated future life, and the method of construction employed. Collect documentary proof of construction expenses to derive a fair cost value.

Step 10: Determine Rental Potential (if applicable)

If the property is tenanted, assess the current rental income and rental market trends in the area. Rental potential is a crucial factor for investors looking for income-generating properties.

Step 11: Factor in Property Taxes and Insurance

Consider the annual property tax paid and the insurance coverage for the property. These costs influence the overall financial feasibility and valuation of the property.

Step 12: Calculate the Property’s Market Value

Now that you have gathered all the necessary information and assessed the property’s various aspects, it’s time to calculate the market value. Consider all the factors mentioned above, along with prevailing market rates, to arrive at an accurate estimate.

Property Valuation Calculator - Get an Instant Estimate of Your Property's Market Value

Property valuation in India involves a thorough assessment of various factors, including location, amenities, construction, ownership, legal compliance, and market trends. Our Property Valuation Calculator considers these critical aspects to provide you with an instant estimate of your property’s fair market value. However, please note that this valuation is an opinion and does not hold any legal or contractual obligations. For precise and legally binding valuations, consult a professional valuer or real estate expert.

Please keep in mind that property values may fluctuate over time due to market dynamics and changes in the regulatory environment. Regularly reevaluating your property’s value can help you make informed decisions regarding buying, selling, or refinancing your property in India.