Valuation Format

Valuation Format

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  VALUATION REPORT FOR MR/M/s. etc OF RESIDENTIAL– FLAT/COMMERCIAL OFFICE/INDUSTRIAL LAND BUILDING etc. AT FLAT NO.,TH FLOOR,'' WING OF BUILDING NO.1, (W),MUMBAI – 400067. BY , Architects, Planners, Valuers.
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  2 VALUATION REPORT Purpose –Submission to Bank Ltd. Ref. No.: 17/05049/YES Date: Branch Name Mumbai Type of case Valuer’s Name Date of visit Visiting Engg Name Time of visit Case Ref. No Date of report Person contacted for property inspection with contact details Client Name & Contact No. BASIC DETAILS 1 Applicants Name ABC Name of Owners ABC 2 Type of property Residential Flat Current usage Residential Flat 3 Address of property / Site Address Address as per documents 4 Has the valuer done valuation of this property before? If yes, for whom & when. No SORROUNDING AND LOCALITY DETAILS 5 Location Zoning as per Master Plan / Development plan Residential Class of locality (High / Middle Class / Lower / Negative) Middle Class Site (Developed / under-developed) Developed Proximity from civic amenities / public transport 1 Km Nearest Railway Station Nearest Bus Stop 6 Nearest Landmark 7 Distance from City Centre NA 8 Condition and width of approach road : - Good,9 Mt Wide Road
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  3 PROPERTY DETAILS 9 Brief descriptionof the property The subject property is a flat in a S + P + 18 Floor RCC building known as FULL ADDRESS The surrounding area is commercial cum residential area. THE DATE OF AGREEMENT ________,THE PROPERTY IS FREEHOLD/LEASEHOLD ETC.BEARING CTS NO______ BUILDING HAS _____NO FLOORS,THE BUILDING IS PREENGINEERED /RCC CONSTRUCTION THE PROPERTY IS SITITATED _____FLOORS FLAT/SHOP/ROW HOSUE ETC. FLAT NUMBER THE CARPET AREA/BUILTUP AREA OF THE FLAT,THE PROPERTY HAS ELECTRIC CONCEALED,FLOORING FINISHESWIRTE DOWN ETC. THE AGE OF BUILDING,YEARS OF CONSTRUCTION,NEAR BY LANDMARKThe market rate in this area is in range of between Rs. to per Sq ft of BUA. The rate which is considered for the valuation is Rs. per Sq.ft of BUA 10 Internal visit done Yes 11 Occupant Vacant/Occupied Name of Occupant Relation with applicant Self / Tenant / any other 12 Building details Property Demarcated Yes / No Property Identified through Residential Type of structure RCC / Load Bearing Land/Plot Area NA No of Blocks/Wings 2 Wings A & B No of Units per floor 6 Nos per Wing No. of Floors 18 Floors No. of Lifts 2 Nos Amenities - 13 Unit details Located on Floor No. 8th Floor No. of rooms / Unit configuration 2 B.H.K Remarks on view from property 14 Present condition of the property: Exterior Building in good condition. Interior Fair condition, well maintained 15 Age of the property 20 Years Residual life 35 Years
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  4 16 Boundaries NorthSouth East West Actual on site Lobby Open Space Open Space As per Title document - - - - Boundaries matching with Sale Deed (Yes / No) - SANCTION PLAN APPROVAL & OTHER DOCUMENTS DETAILS 17 Sanctioned plans details - 18 Construction permission / Commencement Certificate / OC / BCC Occupation Certificate Commencement Certificate: 19 Ownership type Freehold 20 Property documents verified (Any others) NA 21 Is the property within Municipal Limits MCGM 22 Permissible usage as per sanctioned/approved plan - 23 Setbacks As per plan As per Bye- Laws Actual at site Extra Coverage deviation as per Plan Extra Coverage deviation as per bye- laws Front NA NA 6 M - - Side 1 (Right NA NA 4.5 M - - Side2 (Left) NA NA 4.5 M - - Rear NA NA 6 M - - Deviations if any 24 Demolition Risk High / Medium / Low / Nil. 25 VALUATION Area Details As per Agreement / Sale Deed Sft Carpet / BUA / SBUA As per Plan Sft Carpet / BUA As per Measurement Sft Carpet / BUA A 1 Land + Construction Method (Applicable for Villa / Bunglow / Row House / Industrial) Description Area in Sft Rate per Sft Value in Rs.
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  5 Land area NA Constructionarea (Const rate as per present condition of the property) Value of Land + Construction in Rs. (A1) A 2 Comparison Method Built up Area Loading in % - Saleable area - Rate per Sft 12,500/- Sq.Ft Value of property as per comparison method (A2) B Value of Amenities if applicable a) No of car parks Rate per car parking Value of car park 2 Nos b) Other charges in Rs. (Lump Sum) - Total Amenities charges (B) - Total Fair Market Value of the property: - A1 or A2 + B Rs. Forced Sale Value / Distress Value Rs. Ready Reckoner rate / Circle rate Rs. Approx. Rentals in case of 100% complete property Rs. Insurance value / Re-construction cost Rs. 26 Market Comparable a ) Property Details Value Rs. Date of Transaction - b) Property Details Value Rs. Date of Transaction - 27 Stage of Construction Details of stage of construction NA %age Progress - %age Reco - 28 Remarks Negative Remarks Positive Remarks Nil Flat is in good condition.
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  6 29 Latitude: Longitude: LocationSketch: Attached (GOOGLE EARTH) Property Sketch: Please refer Annexure I (AUTOCAD/HAND SKETCH) Property Photographs: Minimum 4 photographs (2 external and 2 internal) Declaration: I/We hereby declare that: 1. Our representative physically inspected the property. 2. We have no direct/indirect interest in the property valued. 3. Report is prepared based on the information furnished to us or documents submitted or shown to us by the client. 4. The fair market value indicated in the report is an opinion of the value prevailing on the date of the said report and is based on market feedback on values of similar properties. 5. The client is free to obtain other independent opinions on the same. The fair market value of such properties/localities may increase or decrease depending on the future market conditions and scenarios. 6. This report does not certify of confirm any ownership or title of the property that has been valued. The ownership papers/sale deeds may please be verified at your end to ascertain the right title & area. 7. The services provided by ________________ to the Client will be limited to their use. The Report should not be used for any other purpose. 8. The Report will reflect matters, as they currently exist. Changes may materially affect the information contained in the Report. 9. It should be noted that report would be based upon the facts and evidence available at the date of assessment. Periodical review of the same may be required. Changes in socio- economic, economic policy and political conditions could result in a substantially different situation than those presented at the stated effective date ___________assumes no responsibility for changes in such external conditions. 10. We do not possess legal expertise and hence recommend you to take opinion of legal expert in order to ensure that there are no elements, restriction or charges contained which are likely to have detrimental effect upon the value or marketability of property. 11. In the preparation of the Report, we have relied on the following information: a. Information provided to us by the client and its affiliates and subsidiaries and third parties; b. Other relevant information provided to us by the Client and its affiliates and subsidiaries at request;
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  7 c. Other relevantinformation available to us or publicly available. For M/s.______________ B.Arch. Architects, Planner, Govt. Regd. Valuer. Date: Place: Mumbai Stamps & Signature
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  Property Builtup Area (Sqft) RR Rate (Rs/per Sq mt) Formula rr rate - construction cost X depreciation RR Value (Rs.) builtup area/10.764 X rr rate RR Value Say Rs. Flat 596 119200 66,00,074 66,00,000 Value As per Market Rate Property Builtup Area ( in Sqft) Market rate (Rs/ per Sq.ft.) Amount (Rs.) area X market rate Dep (Rs.) Age/ Life 20/55 area x construction cost x residual value 0.9 x age/life FMV (Rs.) amount - depreciation Say FMV RSV (5% less) DSV ( 15% less than FMV) Flat 596 12500 74,50,000 2,92,582 71,57,418 71,57,000 Car Parking 3,00,000 74,57,000 ANNEXURE II 63,38,45070,84,150 Value As per RR Rate M/s. The RR Rate for flat is Rs. 1,24,700/- per Sq.mt. Cost of construction is taking for valuation of Rs. 27,500/- per Sq.mt. for RCC structure. Depreciation is taking 20% on Cost of construction based on age of building as per the RR guideline rules. Address