![]() Capital Gains Tax : Seller of any property will have to submit a detailed Valuation Report of fair market value as on 01st April, 2001 (if the property is acquired before 2001) accompanied by the Income Tax Returns (ITR) to substantiate the calculation of Long Term Capital Gains Tax (LTCG) on the sale of property.Income Tax : Buyer / Seller of the Property may need to submit Valuation Report to the Income Tax authorities for calculating Short/Long term Capital Gains as per Fair Market Value of the Property As On 2001 & 1981.Valuers & Engineers provides Property Valuation for the following purposes. Valuation Report is provided for both Movable & Immovable Property As On 2001 for Capital Gain Tax Purposes. Please contact Valuers & Engineers at 9331299900 for fair market value of 2001 to procuring property valuation report from Govt. We will Complete the property valuation Report within stipulated time. Valuers will assess the value of the property andĤ. ![]() Provide us the details and scanned copy of the required Property documentsģ. Based on the approximate worth of the property, the tax can be calculated and paid to the respective authority.PROCESS FOR GETTING VALUATION REPORT SHOWING (FMV) FAIR MARKET VALUE OF PROPERTY AS ON 19 FOR CAPITAL GAINS TAX PURPOSE :Ģ. Helps in Taxation Process – To calculate the property tax, the property value is necessary. The Valuation Property report also helps in understanding the rent trend prevailing in the locality and the expected amount that a buyer can anticipate from his/her property.ħ. The flat valuation aids in fixing the final worth of the property and based on the calculated number the flat rent could be fixed. Many buyers purchase a flat or house for renting purposes. Helps Evaluate the Profitability of Property – In some cases, Property Valuation helps in assessing the profitability of a property. Some properties may come at a lower cost, alluring buyers to develop expensive projects which may later prove to be unfruitful.Ħ. Property Valuation helps in assessing the potential viability of projects and helps in decision making. But before going ahead with the construction and development, it is always feasible to check the viability of the development projects. Helps Evaluate the Viability of Potential Development Projects – Many property buyers purchase a piece of land or old property for development purposes. The Property Valuation will help establish a good market rate providing a range between which he can fix the price of the property fetching maximum returns on investment.ĥ. Helps in Selling the Property – If a buyer post-purchasing the property has second thoughts and decides to sell off the property, then he/ she can sell it off easily. Hence, for cost-effectiveness, accurate assessment benefits the buyer in saving money on premiums.Ĥ. Also, the amount of insurance and its premium cost are directly related. The activity helps obtain the accurate value preventing the property from being under-insured or over insured. Aids in Insurance of the Property – As discussed earlier, accurate Property Valuation helps in getting appropriate insurance against any losses or damages. Based on this report, a buyer can easily decide to seal the deal or skip it.ģ. ![]() The final report usually contains information like the final market value of the property, structural feasibility, location, and its advantages, and date stamped images. Aids in Assessing Pros and Cons of the Property – A buyer can assess the pros and cons of the property by reviewing the final valuation report. Often apartment builders quote high prices for their flats and sell these at rocket-high rates compared to the prevailing rate of the locality.Ģ. Property Valuation establishes the accurate market value of the property, guiding and aiding better decision-making pertaining to a property. ![]() Prevents Falling Prey to Malpractices – Accurate Property Valuation prevents a buyer from falling into the traps of scams, malpractices, and high-priced schemes. Here are some benefits of home valuation or Property Valuation listed below:ġ. Property Valuation offers a bouquet of benefits to the buyers, especially the first-time buyers with no experience at all.
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