Solutions for Individuals & Others

 

The requirement for valuation and technical evaluation vary from Individual to Individual and also based on the property.  What was once restricted to just Valuation for Capital Gains taxation, there are increasing numbers of Individual Home Buyer's who seek technical evaluation.  Home Sellers also seek valuation report to understand the market value of their property on the block.  One other widely sought after valuation being the Visa Valuation services which vary from country to country.  We Government approved and Wealth Tax Registered valuers, Sreenidhi offers the ideal solution for most of requirements of Individuals clients

The most commonly availed services are

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Home Buyer's Report

This is a comprehensive report which encompasses all critical checks on a property from a technical perspective. 

There can be differences between what the property is really worth (market value) and what it cost to buy it (price). A price paid might not represent that property's market value. Sometimes, special considerations may have been present, such as a special relationship between the buyer and the seller where one party had control or significant influence over the other party. In other cases, the transaction may have been just one of several properties sold or traded between two parties. In such cases, the price paid for any particular piece is not its market "value" (with the idea usually being, though, that all the pieces and prices add up to market value of all the parts) but rather its market "price".

At other times, a buyer may willingly pay a premium price, above the generally accepted market value, if his subjective valuation of the property (its investment value for him) was higher than the market value. One specific example of this is an owner of a neighboring property who, by combining his own property with the subject property, could obtain economies-of-scale. Similar situations sometimes happen in corporate finance. For example, this can occur when a merger or acquisition happens at a price which is higher than the value represented by the price of the underlying stock. The usual explanation for these types of mergers and acquisitions is that "the sum is greater than its parts", since full ownership of a company provides full control of it. This is something that purchasers will sometimes pay a high price for. This situation can happen in real estate purchases too.

But the most common reason for value differing from price is that either the buyer or the seller is uninformed as to what a property's market value is but nevertheless agrees on a contract at a certain price which is either too expensive or too cheap. This is unfortunate for one of the two parties.

The home Buyer's report will be an outcome of the following checks:

  • Boundary checks

  • Linear measurements

  • Open space recreation and set backs

  • Electricity, water and sewerage checks.

  • Neighborhood checks.

  • Carpet area vs Plinth area vs Built up area vs Saleable area analysis

  • Deviation risk analysis

  • Market value fixation

  • Comparable analysis.

  • Planning restrictions and DCR zoning.

  • Building / Structural faults or defects

The Valuer combines these attributes, together with recent comparable sales in the surrounding area and prevailing market conditions, to produce a valuation report.

Capital Gains Valuation

Cost of acquisition of an asset is the sum total of amount spent for acquiring an asset.  Any expenditure incurred incidental to purchase like legal expenses, brokerage, commission or registration expenses also forms part of cost of acquisition.

 

The specified date for Capital Gains valuation is presently at 01-04-1981.  Any property acquired prior to this specified date, the land value as on 01-04-1981 plus Depreciated Replacement Cost (DRC) of the building, if any as on the specified date would be cost of the asset as on 01-04-1981.  The cost of asset so arrived at must be appropriately indexed in accordance with CII rates so as to arrive at the Indexed cost of Acquisition.

 

We at Sreenidhi, will help you in estimating the Value as on the Specified Date viz 01-04-1981.  We estimate this value after conducting extensive enquiries from multiple sources including the Sub-Registrar’s Office.   

Loan Valuation

Finding out what your property is worth can help you make important decisions, such as when to sell, and how much equity you can access in your home like renovating or investing. Getting a property valuation is also an essential part of the home loan application process. They are used to determine the value of a property that will act as security against your home loan and may need to be carried out when you buy a new property, refinance, or want to access the equity in your home. The concept of Loan Valuation is not widely popular in India.  This is a valuation report given to the owner of a property to raise funds against that property.  A loan valuation’s approach is far different from the rest and the key aspects include the following:

 

  1. Access

  2. Development

  3. Neighborhood study

  4. Distress Value of the property.

  5. Deviation risk analysis

 

We at Sreenidhi, work closely with nearly 28 Banking and Non-Banking Financial institutions and hence possess adequate knowledge of the policies and procedures of these Institutions.  Basis these, our Engineer will visit the site to conduct necessary checks and enquiries before summarizing the report.

Visa Valuation

The objective of this valuation is solely towards obtaining visa for travel/immigration to a foreign country. The valuation is to assess the Open Market Value (OMV) of a property as on valuation date.

You have to attach with the valuation report apart from the copy of title, approved plans, a property photograph, current bank statement, etc.,  a copy of your client's passport too.In some cases, it may require valuation of jewellery, investment in other mode, etc;  in such a situation, the appropriate valuation professional's service is to be sought.

We have, over a period of time emerged as the leader in Visa valuation, thanks to our exhaustive and comprehensive understanding about the requirement of every country.  Basis our experience, our reports shall vary depending on the country for which visa is being sought which in turn will avoid rejections or queries basis the valuation report.

 
 
 
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