An overview of valuation
Humans have owned movable and immovable property since almost the dawn of civilization, because property has a certain value. Today, organizations, and even individuals, require to know the value of their property for a wide variety of reasons. For instance, when the property is to be sold, it is important to know that the buyer and seller are transacting at the right price.
However, the modern, complex world of business and trade, valuation serves multiple purposes. Individuals often wish to ascertain the value of property when there are multiple claimants or heirs involved. Banks need to know how valuable the property is in order to be sure they are lending the right amount. Governments need to know the fair value of property when there is some litigation involved.
Valuation of property
Valuation is carried out by government authorised and registered valuers. Leading valuation firms like Suchdev Associates follow best practices in order to arrive at the most accurate value of property. We are on approved valuers for nearly every major government body, financial institution and bank.
We are proud to say that Suchdev Associates has grown to be one of the most respected and leading valuers of the state. Organizations place a very high degree of trust on the value we quote for a property. And because we do a lot detailing, even our valuation reports are highly respected by clients and co-professionals alike. Often, our reports serve as benchmarks for other agencies.
Valuation principles
Every project we undertake for property valuation rests on the below principles
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Objectivity Valuation should be done in an unbiased manner.
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Fairness Property value should always be fair, and accurate. -
Time-specific The value of any asset should be time-specific and contextual. -
Market forces Value of property should take into account market forces.
