Every property is different, from its size to its features, finishes, appliances, number of bedrooms and bathrooms, etc. The direct comparison approach would've been simple if the properties were not so unique. The direct comparison method of valuation determines the current market value by “comparing” it to similar property values collected on the open market. This approach is ideal for obtaining mortgage loans. The theory behind a direct comparison strategy is based on the assumption that similar properties must be sold for similar prices. Direct Comparison Approach Meaning with Example These specifics will help in the registration process. Valuation experts issue this certificate after they have verified the building's value, location, type of ownership, title documents, building laws, and construction year, among other things. A building valuation certificate is a government official document that summarises the value of the building.

A valuation certificate is mandatory for applying for a bank loan.īuilding Valuation Certificate for RegistrationĪ building valuation certificate is used to demonstrate the applicant's property value.

The applicant will be notified of the estimated date of certificate collection. The valuation certificate will take 15 days to process from the moment the application is submitted. To get a land valuation certificate, you'll need the following documents: Aadhaar Card, voter’s ID, Proof of property ownership, Encumbrance certificate, Land Tax Details etc.

The land valuation certificate will be sent or handed over directly to the applicant once completed, sealed, and signed.

An acknowledgment receipt will be issued once the authorities have manually or electronically processed the application.

If everything is in order, the application will be approved along with the application fees.Authorities will review the application and documents once they receive it.Submit the necessary paperwork to the appropriate receiving authority.The applicant must submit the concerned authority with their land details, such as their survey number, Land Deed, Land Revenue Receipt, and so on, to verify their land record register.Consult the authorised person at the tahsildar office for information on how to apply for a valuation certificate.The applicant must go to the tahsildar office in the area where the land is located to get a land valuation certificate.Steps to apply for the Land value certificate:

This certificate will assist in identifying the land current market worth. It is the most important document for the property description details to be filed on the Property Registration. Last Updated - February 7th, 2023 Apply for Land Valuation CertificateĪ land value certificate is a legally binding document that certifies that an entry in the Land Values Register is accurate.

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