VALUATION REPORT ON IMMOVABLE PROPERTIEY OF BUILDING AT
WARD 28, SUKKANGAL PATTI ROAD, CUMBUM, THENI DT
Based up on the actual observation and also the particulars provided to me detailed valuation report has
been prepared and furnished in the following Annexture I & II
The open market value of the property = Rs 11,00,000 / cent
It is Declared that
i) I have inspected the property on 22-09-2020 in the present of the owner
of the property
ii) I have no direct or indirect interested in the property valued.
iii) Further the information and other details given above & in the
annexures are true to the best of My knowledge and belief
Station: CUMBUM
Date : 22-09-2020
ANNEXURE - I
DESCRIPTION OF THE PROPERTY
1 General
i. Name of the reported owner with : Mr.S.SIVAMURUGAN
address & Phone number Ward No.31,Door 48K2,
Municipal Office Road,
Cumbum Municipality,
Cumbum.
ii. Purpose of valuation : Loan
iii. Scope of valuation To ascertain the present
market value of the property
iv. If this report is to be used for any bank Purpose, : Private Finance
state the name of bank & branch
2 Dexcription of Property
i. Location of the property : Ward 31,
Sukkangal Patti Street,
Cumbum Municipality,
ii. Land Mark : Municipal Office Opposite
Cumbum.
iii. Boundaries of the property:
As Per Document
North Narayanasamy, Deivam Land 36'6"
South Road 35'9"
East Own Land 52'6"
West Road 47'3"
As per Deed Total Area ( sft ) 1802
As per Deed Total Area ( cent ) 4.14
As Per Site
North Narayanasamy, Deivam Land 36'6"
South Road 35'9"
East Own Land 52'6"
West Road 47'3"
As per Deed Total Area ( sft ) 1802
As per Deed Total Area ( cent ) 4.14
Building Details
1999 Constructed 2015 Constructed
Area sft 766 sft 610
Rate/sft Rs 1500 Rs 1800
Value Rs 1149000 Rs 1098000
Age Nos 20 Nos 5
Depreciation
Rs 344700 Rs 82350
Value
Present Value Rs 804300 Rs 1015650
Value as Newly Constructed ( Rs ) 2247000
Value After Depreciation ( Rs ) 1819950
iv. Extent of the site considered for
valuation (least ofdeed & actuals) : 1802 sft
3 Characteristcs of Locality
i. Characteristics of the locality : Residential
ii. Classification of locality : Middle class
iii. E.B service connection details : yes
iv. House Tax Paid Details : yes
v. Tenure of land : Free hold
vi. Occupancy Details self occupation /rental : Self Occupation
If rental Value of Return : -
vii. Feasibility to the civic amenities like : Yes
school, hospitals, bus stop, market etc.
ANNEXURE - II
PART A - PROPERTY VALUE
(a) Value of land by adopting PMR ( Prevailing
Market Rate ) rate adoplted in this valuation
after considering chracteristics of subject plot
Value of land by adopting PMR : Rs 11,00,000
PART B - ABSTRACT VALUE
Part Description Market Value
A Land (part I) 4550505
B Building (part II) 1819950
C Amenities (part III) -
D Services (part IV) -
Total 6370455
a) Open Market value of the property RS 6,370,455
b) Distress sale value of the property RS 5,542,296
Net Round off Value of Property RS 56,00,000
PART C - CERTIFICATE
It is hereby certified that in my opinion The Market value of the Property is
Rs 56,00,000 (Rupees FIFTY SIX LAKHS ONLY)
I declare that I have inspected the land / Building on
20-09-2020 and have answers above. I futher declare that all the above particulars and
information given in this report are true to the best of my knowledge.
Place : CUMBUM
Date : 22.09.2020
SIGNATURE OF THE ENGINEER
