VALUATION REPORT

Name of the Owner : Mr.S Selva Raj

Nature of the SS

BUILDING.

Address of the Property : Near Munusami Koil,

Perumal Koil Street,
Sami Reddy kandiga,Gummidipoondi,
Thiruvallur Dt-601201

P.LINGESWARAN DCE,BE,
Approved Valuer

LINGAM CONSTRUCTION
No.367,Madurai Veeran Koil Street,

Samy Reddy Kandigai,

Gummidipoondi,Thiruvallur DT-601201.
Mobile : 9087909087
E. mail : lingesh221 @ gmail.com
 VALUATION CERTIFICATE
Ref: Date : 23.11.2013
Pursuant to the request from The Manager, Sriram Chits, Vedaranyam, the
property atRS NO :166/11 panchanathikulam west which is said to be owned by
Mr. k.AMBIKAPATHY S/ORAMA KRISHNATHEVAR was inspected on 23.11.2013 for
the purpose of assessing the present market value of the fixed assets in it.

The property is situated in ward no. 5, Panchanathikulamwest Revenue

village, Vedaranyam Taluk, Nagapattinam Dist. Thagatur Sub Registry.
The following documents were produced before me for Scrutinisaton.
1. Registered Sale Deed - Original
2. Encumbrance Certificate - Original

Based upon the actual observations and also the particulars provided to me.
Detailed Valuation report has been prepared and furnished in the following
Annexure 1 to 4.

After giving careful Consideration to the Various important factors

I am of the opinion that the

Present market value of the above property is - Rs. 18,76,000/-

a.
(Rupees EIGHTEEN Lac and SEVENTYSIX
thousand only)

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Ref : Date : 29.09.2019
VALUATION OF PROPERTY BY LAN D & BUILDING METHOD
I.GENERAL

1. Purpose of valuation : To assess the present market value of

the property for Indain Bank Housing
Loan Security purpose.

2. Name of the Reported Owner with : Mr. Selvaraj

address s/o Shanmugam,
Near Munusami Koil,
Perumal Koil Street,
Sami Reddy Kandigai,
Gummidipoondi-601201.

Present Mobile No. 9444628114

3. Documents produced for perusal :

1. Registered Sale deed : Original

Document Date : 06.02.2007
Reg No. : 829 Dated 06.02.2007
Infavour of : Selva Raj

Executed by : P.NIRANJAN KUMAR

4. Brief description of the property : Vaccant plot

under valuation Site area :07cent
5. Scope of Valuation :

6. If this report is to be used for any : Indian Bank, Gummidipoondi.

bank purpose, state the name of the
bank & branch if known

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II .DESCRIPTION OF PROPERTY:

1. Postal address of the property : Near Munusami Koil,

Perumal Koil Street ,
Sami Reddy Kandigai,
Gummidipoondi.
:.

2. Location of the property

Ward No : 5

R. S . No. : -

Street : Perumal Koil Street,

Taluk : Gummidipoondi.

Revenue Village : Gummidipoondi.

District : Thiruvallur.

3. Boundaries of the property

North of : Ramasami Land
south of : Road
East of : Santhilal Empty Land

West of : Paramanandham Empty Land

4. Property is presently occupied by : Owner

5. Proximity if civic amenities : Available with 1.5 Km radious

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III. CHARACTERISTICS OF THE SITE

Character of Locality : Residential

Classification of locality : middle Class
Development of Surrounding area : Fully developed
Possibility of frequent flooding : No
Feasibility to the civic amenities
like School, hospitals, bus stop,
market etc., : Near by

Level of land with topographical

Conditions : Level
Shape of land : Rectangular
Type of use to which it can be put? : Residential
Commercial potential of the
property : Good
Any usage restriction : No
Tenure of land : Freehold
Plot is in townplanning approved Layout : It is Situated in the well developed
area
Corner plot or intermittent plot? : Corner Plot
Road facilities : Available
Type of road available at present : Village Road – WBM Road
With of road 0 is it below 20’ or more
than 20’ : Less than 20’

Is it a land locked land? : No

Water potentiality : Available
Underground sewerage system : Not Available
Power supply is available in the site : Yes
Land mark : --

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 IV. VALUATION

PART A – LAND
Extent of the site : 5.5 cent (or) 2434.76 sqft.
A. Value by adopting GLR
i) Guide line rate as obtained from
The registrar’s office : 210/-
ii) Value of land by adopting GLR : 210/-x2434.76 S.FT
5,11,300/-

B. Value by adopting PMR

i) Prevailing market rate : Rs570/- per sq. fot
ii) Unit rate adopted in this valuation
after considering the characteristics
of the subject plot : Rs.570/-
iii) Value of land by adopting PMR : Rs570x2434.76/-
Rs.13,87,816/-

PART B– ABSTRACT WORTH

Part Description Value of adopting PMR
A Land –2434.76 sq.ft. Rs. 13,87,816/-
Rounded as Rs. 13,87,000/-

PART B BUILDING
1. Type of construction : Framed
2. Quality of construction : I Class
3. Appearance of the building : Common
4. Maintenance of the building : Good
5. Number of Floors : Ground floor and First Floor,
6. Plinth area of the building
Floor Year of Roof Main Cantilever Total
construction portion Portion B A+ 50% of B
A
G.F. 20015 R.C.C. 69.4sqft. 19.69 89.17
F.F. 20015 R.C.C. 69.4sqft. 19.69 89.17

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7. Value of building is estimated by adopting suitable unit plinth area rate depending
upon the specifications, Deprecation is calculated by straight line method
assuming a Salvage Value of 10%.

8. Water supply arrangements : Property arranged & Sintax Water tank

provided
9. Electrification : One number three phase supply,
concealed wiring and fittings are
provided.
10. Sanitary & Drainage arrangement : Properly arranged and septic
tank provided.
1. VALUATION OF THE BUILDING

Description Ground Floor & First Floor

Specification
Foundation Isolated R.C.C. footing for a depth of 1.8 m
Superstructure Brick work for 0.23 m thick with cement
mortar
Roof R.C.C. Roof
Doors & Windows Teak wood
Floor finish Cement mortar plastering done Tails
Wall finish Finished with cement mortar & Distemper
painted
Weathering coarse completed
Plinth area of the building 573sq.ft

Year of construction 2015

Age of the building 3 years
Total life of the building 60 years
Depreciation percentage 3/60 x 90 = 4.5%

(Assuming salvage value as 10%)

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 Replacement rate of construction with the Rs.1700/- per sq.ft.
existing conditions & specifications Ground
Floor and First Floor

Replacement value 32,62,195/-

Depreciation value of the rate of 4.5% Rs.1,63,109/-
Present value of the building Rs.30,99,085/-
Total value of the building Rs.30,99,085/-

PART C – AMENITIES & EXTRA ITEMS (Value after de

1. Septic tank : Rs.30,000-
--------------
Total : Rs.30,000/-
--------------
PART D SERVICES (Value after depreciation)

1. Water supply arrangements : Rs.35,000/-

2. Electrical arrangements : Rs.40,000/-
---------------
Total : Rs.75,000/-
---------------
PART E – ABSTRACT WORTH
Part Description Value of adopting PMR
A Land – 2434.76 sq.ft. Rs. 13,95,000/-
B Building G.F.&F.F. 1918.9 sq.ft. Rs.30,99,085/-
C Amenities Rs.30,000/-
D Services Rs.75,000/-
Total Rs.45,99,085/-
Rounded as Rs.45,99,000/-
Is the property marketable Yes
If yes, factors favouring for additional or --
less value
Present market value Rs. 45,99,000/-

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 P.LINGESWARAN DCE,BE,

LINGAM CONSTRUCTION
No.367,Madurai Veeran Koil Street,
Samy Reddy Kandigai,
Gummidipoondi,Thiruvallur DT-601201.

PART F – CERTIFICATE
1. With the existing conditions and specifications

(a) Present market value of the above property is : Rs.. 45,99,000/-

(Rupees Forty Five Lakhs Ninety Nine Thousand only)
(b) Forced sale value of the above property is : Rs.45,00,000/-
(Rupees Forty Five Lakhs only)
2. Number of Title deed involved in this property are one. The relevant
document for the subject property in the opinion of this valuer are the sale
deed dated 06.02.2007 No.829dated 06.02.2007 registered inthe
Gummidipoondi subregister office.

3. If this property is offered as collateral security, the concerned financial

institution is requested to verity the extent of land shown in this valuation
report with respect to the latest legal opinion.

4. Value of varies with the purpose. This report is not to be referred if the
purpose is different other than mentioned in I (1)

5. The legal aspects are not considered in this valuation

6. The valuation work is undertaken by this valuer based upon the request
from The Manager, Indian Bank, Gummidipoondi.

7. The property was inspected on 29.09.2019 in the presence of the Owner.

Encl: Land document

Place: Gummidipoondi Panel Valuer

Date : 29.09.2019

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