OVR - Online Valuation Report

General Information

Basic valuation details and purpose

Purpose of Valuation
Date of Inspection
Date of Valuation
List of documents produced for perusal	(i).

Owner Details

Information about the property owner

Owner name and contact number

Property Description

Details about the property type and characteristics

Brief description of the property (Including leasehold/ freehold etc)
Leasehold Property	Is this a leasehold property?

Location & Address

Property location and boundary details

Plot No. / Survey No.

Door No.

T.S. No. / Village

Ward / Taluka

Mandal / District

Postal Address

8. City / Town

Residential AreaCommercial AreaIndustrial Area

9. Classification of the area

i) High / Middle / Poor

ii) Urban / Semi Urban / Rural

10. Coming under Corporation limit / Village Panchayat / Municipality

11. Whether covered under any State / Central Govt. enactments

12. In case it is an agricultural land, any conversion to house site plots is contemplated

YesNo

13. Boundaries of the property

	As per the Deeds	Actuals
North
South
East
West

13.2. Latitude, Longitude and Coordinates of the site

14. Extent of the site

15. Extent of the site considered for valuation (least of 13 A & 13B)

16. Whether occupied by the owner / tenant? If occupied by tenant, since how long? Rent received per month.

OwnerTenant

Site Characteristics

Physical and environmental features

Land Valuation

Plot dimensions and land value assessment

1. Size of plot

North & South
East & West

Fill the highlighted fields for automatic land value calculation
Total Extent
3. Prevailing market rate (Along with details reference of atleast two latest deals/transactions with respect to adjacent properties in the areas)
4. Guideline rate obtained from the Registrar's Office (an evidence thereof to be enclosed)
5. Assessed / adopted rate of valuation

Estimated Land Value

₹ 0

Value of Land (DLC)

₹ 0

Building Valuation

Construction details and building assessment

1. Technical details of the building

a) Type of Building (Residential / Commercial / Industrial)
b) Type of construction (Load bearing / RCC / Steel Framed)
c) Year of construction
d) Number of floors and height of each floor (including basement, if any)
e) Plinth area floor-wise
f) Condition of the building	i) Exterior - Excellent, Good, Normal, Poor ii) Interior - Excellent, Good, Normal, Poor
g) Date of issue and validity of layout of approved map / plan
h) Approved map / plan issuing authority
i) Whether genuineness or authenticity of approved map / plan is verified
j) Any other comments on authenticity of approved plan and construction as per the approved plan

2. Specifications of construction (floor-wise)

S. No.	Description	Ground floor	First floor
1.	Foundation
2.	Basement
3.	Superstructure
4.	Joinery / Doors & Windows
5.	RCC works
6.	Plastering
7.	Flooring, Skirting, dadoing
8.	Special finish (marble, granite, wooden paneling, grills, etc.)
9.	Roofing including weather proof course
10.	Drainage
11.	Compound wall Availability Height Length Type of construction
12.	Electrical installation Type of wiring Class of fittings Light points Fan points Plug points Other items
13.	Plumbing installation Water closets Wash basins Urinals Bath tubs Water meter / taps Other fixtures

Valuation Summary

Complete property valuation breakdown

A. Valuation of building (replacement cost and depreciation)

Particulars of item	Plinth area (Sqm)	Roof height	Age of building (years)	Estimated replacement rate (Rs/ Sqm)	Replacement cost (Rs.)	Depreciation factor	Net value after depreciation (Rs.)
—	—	3	—	Rs. —	Rs. —	—	Rs. —
Total (Net value after depreciation)							Rs.

	Part C- (Extra Items)	(Amount in Rs.)
1.	Portico	0
2.	Ornamental front door	0
3.	Sit out/ Verandah with steel grills	0
4.	Overhead water tank	0
5.	Extra steel/ collapsible gates	0
	Total

	Part D- (Amenities)	(Amount in Rs.)
1.	Wardrobes	0
2.	Glazed tiles	0
3.	Extra sinks and bath tub	0
4.	Marble/ ceramic tiles flooring	0
5.	Interior decorations	0
6.	Architectural elevation works	0
7.	Paneling works	0
8.	Aluminum works	0
9.	Aluminum hand rails	0
10.	False ceiling	0
	Total

	Part E- (Miscellaneous)	(Amount in Rs.)
1.	Separate toilet room	0
2.	Separate lumber room	0
3.	Separate water tank/ sump	0
4.	Trees, gardening	0
	Total

	Part F- (Services)	(Amount in Rs.)
1.	Water supply arrangements	0
2.	Drainage arrangements	0
3.	Compound wall	0
4.	C. B. deposits, fittings etc.	0
5.	Pavement	0
	Total

Total abstract of the entire property

	Category	Amount (Rs.)
Part-A	Land	0
Part-B	Building	0
Part-C	Extra Items	0
Part-D	Amenities	0
Part-E	Miscellaneous	0
Part-F	Services	0
	Total	0
	Say	0

Component	Amount (₹)
Fair Market Value	0
Realizable Value (%)	0
Distress Value (%)	0
DLC Rate Value	0

Final Property Valuation

₹ 0

(Valuation: Here the approved valuer should discuss in detail his approach to valuation of property and indicate how the value has been arrived at, supported by necessary calculations. Also, such aspects as: i) Saleability ii) Likely rental values in future iii) Any likely income it may generate, may be discussed).

Photograph of owner/representative with property in background to be enclosed.
Screen shot of longitude/latitude and co-ordinates of property using GPS/Various Apps/Internet sites
Any other important information about the property in question.

As a result of my appraisal and analysis, it is my considered opinion that the present fair market value of the above property in the prevailing condition with aforesaid specifications is Rs 0.00 (Rupees only). The realizable value of the above property as of is Rs 0.00 (Rupees only) and the distress value is Rs 0.00 (Rupees only).

Place:

Date:

Name:

Enclsd: 1. Declaration from the valuer

The undersigned has inspected the property detailed in the Valuation report dated on . We are satisfied that the fair and reasonable market value of the property is Rs 0.00 (Rupees only)

Annexure-III - DECLARATION FROM VALUERS

Valuer declarations and information

I hereby declare that

a. The information furnished in my Valuation Report dated is true and correct to the best of my knowledge and belief and I have made an impartial and true valuation of the property.

b. I have no direct or indirect interest in the property valued.

c. I have personally inspected the property on . The work is not sub-contracted to any other valuer and carried out by myself.

d. I have not been convicted of any offence and sentenced to a term of Imprisonment.

e. I have not been found guilty of misconduct in my professional capacity.

f. I have read the Handbook on Policy, Standards and procedure for Real Estate Valuation, 2011 of the IBA and this report is in conformity to the "Standards" enshrined for valuation in the Part-B of the above handbook to the best of my ability.

g. I have read the International Valuation Standards (IVS) and the report submitted to the Bank for the respective asset class is in conformity to the "Standards" as enshrined for valuation in the IVS in "General Standards" and "Asset Standards" as applicable.

h. I abide by the Model Code of Conduct for empanelment of valuer in the Bank. (Annexure III-A signed copy of same to be taken and kept along with this declaration)

i. I am registered under Section 34 AB of the Wealth Tax Act, 1957.

j. I am the proprietor / partner / authorized official of the firm / company, who is competent to sign this Valuation Report.

k. Further, hereby provide the following information

SI No.	Particulars	Valuer comment
1	Background information of the asset being valued
2	Purpose of valuation and appointing authority
3	Identity of the valuer and any other experts involved in the valuation
4	Disclosure of valuer interest or conflict, if any
5	Date of appointment, valuation date and date of report
6	Inspections and/or investigations undertaken
7	Nature and sources of the information used or relied upon
8	Procedures adopted in carrying out the valuation and valuation standards followed
9	Restrictions on use of the report, if any
10	Major factors that were taken into account during the valuation
11	Major factors that were taken into account during the valuation
12	Caveats, limitations and disclaimers to the extent they explain or elucidate the limitations faced by valuer, which shall not be for the purpose of limiting his responsibility for the Valuation Report.

Place
Date

Annexure-IV - MODEL CODE OF CONDUCT FOR VALUERS

Code of conduct for valuers empanelled with bank

All valuers empanelled with bank shall strictly adhere to the following code of conduct:

Integrity and Fairness

1. A valuer shall, in the conduct of his/its business, follow high standards of integrity and fairness in all his/its dealings with his/its clients and other valuers.

2. A valuer shall maintain integrity by being honest, straightforward, and forthright in all professional relationships.

3. A valuer shall endeavour to ensure that he/it provides true and adequate information and shall not misrepresent any facts or situations.

4. A valuer shall refrain from being involved in any action that would bring disrepute to the profession.

5. A valuer shall keep public interest foremost while delivering his services.

Professional Competence and Due Care

6. A valuer shall render at all times high standards of service, exercise due diligence, ensure proper care and exercise independent professional judgment.

7. A valuer shall carry out professional services in accordance with the relevant technical and professional standards that may be specified from time to time.

8. A valuer shall continuously maintain professional knowledge and skill to provide competent professional service based on up-to-date developments in practice, prevailing regulations/guidelines and techniques.

9. In the preparation of a Valuation Report, the valuer shall not disclaim liability for his/its expertise or deny his/its duty of care, except to the extent that the assumptions are based on statements of fact provided by the company or its auditors or consultants or information available in public domain and not generated by the valuer.

10. A valuer shall not carry out any instruction of the client insofar as they are incompatible with the requirements of integrity, objectivity and independence.

11. A valuer shall clearly state to his client the services that he would be competent to provide and the services for which he would be relying on other valuers or professionals or for which the client can have a separate arrangement with other valuers.

Independence and Disclosure of Interest

12. A valuer shall act with objectivity in his/its professional dealings by ensuring that his/its decisions are made without the presence of any bias, conflict of interest, coercion, or undue influence of any party, whether directly connected to the valuation assignment or not.

13. A valuer shall not take up an assignment if he/it or any of his/its relatives or associates is not independent in terms of association to the company.

14. A valuer shall maintain complete independence in his/its professional relationships and shall conduct the valuation independent of external influences.

15. A valuer shall wherever necessary disclose to the clients, possible sources of conflicts of duties and interests, while providing unbiased services.

16. A valuer shall not deal in securities of any subject company after any time when he/it first becomes aware of the possibility of his/its association with the valuation, and in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 or till the time the Valuation Report becomes public, whichever is earlier.

17. A valuer shall not indulge in "mandate snatching" or offering "convenience valuations" in order to cater to a company or client's needs.

18. As an independent valuer, the valuer shall not charge success fee (Success fees may be defined as a compensation / incentive paid to any third party for successful closure of transaction. In this case, approval of credit proposals).

19. In any fairness opinion or independent expert opinion submitted by a valuer, if there has been a prior engagement in an unconnected transaction, the valuer shall declare the association with the company during the last five years.

Confidentiality

20. A valuer shall not use or divulge to other clients or any other party any confidential information about the subject company, which has come to his/its knowledge without proper and specific authority or unless there is a legal or professional right or duty to disclose.

Information Management

21. A valuer shall ensure that he/it maintains written contemporaneous records for any decision taken, the reasons for taking the decision, and the information and evidence in support of such decision. This shall be maintained so as to sufficiently enable a reasonable person to take a view on the appropriateness of his/its decisions and actions.

22. A valuer shall appear, co-operate and be available for inspections and investigations carried out by the authority, any person authorized by the authority, the registered valuers organization with which he/it is registered or any other statutory regulatory body.

23. A valuer shall provide all information and records as may be required by the authority, the Tribunal, Appellate Tribunal, the registered valuers organization with which he/it is registered, or any other statutory regulatory body.

24. A valuer while respecting the confidentiality of information acquired during the course of performing professional services, shall maintain proper working papers for a period of three years or such longer period as required in its contract for a specific valuation, for production before a regulatory authority or for a peer review. In the event of a pending case before the Tribunal or Appellate Tribunal, the record shall be maintained till the disposal of the case.

Gifts and hospitality

25. A valuer or his/its relative shall not accept gifts or hospitality which undermines or affects his independence as a valuer. Explanation.— For the purposes of this code the term 'relative' shall have the same meaning as defined in clause (77) of Section 2 of the Companies Act, 2013 (18 of 2013).

26. A valuer shall not offer gifts or hospitality or a financial or any other advantage to a public servant or any other person with a view to obtain or retain work for himself/itself, or to obtain or retain an advantage in the conduct of profession for himself/itself.

Remuneration and Costs

27. A valuer shall provide services for remuneration which is charged in a transparent manner, is a reasonable reflection of the work necessarily and properly undertaken, and is not inconsistent with the applicable rules.

28. A valuer shall not accept any fees or charges other than those which are disclosed in a written contract with the person to whom he would be rendering service.

Occupation, employability and restrictions

29. A valuer shall refrain from accepting too many assignments, if he/it is unlikely to be able to devote adequate time to each of his/its assignments.

30. A valuer shall not conduct business which in the opinion of the authority or the registered valuer organization discredits the profession.

Place
Date

1. Classification of locality
2. Development of surrounding areas
3. Possibility of frequent flooding / sub merging	YesNo
4. Feasibility to the Civic amenities like school, hospital, bus stop, market etc.	YesNo
5. Level of land with topographical conditions
6. Shape of land
7. Type of use to which it can be put
8. Any usage restriction	YesNo
9. Is plot in town planning approved layout?	YesNo
10. Corner plot or intermittent plot?
11. Road facilities	YesNo
12. Type of road available at present
13. Width of road — is it below 20 ft. or more than 20ft.
14. Is it a land — locked land?	YesNo
15. Water potentiality	YesNo
16. Underground sewerage system	YesNo
17. Is power supply available at the site?	YesNo
18. Advantage of the site	1.
19. Special remarks, if any, like threat of acquisition of land for public service purposes, road widening or applicability of CRZ provisions etc. (Distance from sea coast / tidal level must be incorporated)	1.

Property Valuation Form

Who is this report for?