DOCUMENT REQUIRED FOR PROPERTY VALUATION

When it comes to property valuation, there are several important documents that are required to determine the accurate value and ownership of the property. These documents provide crucial information that helps in assessing the latest market value of the property, and they include:

1. Index Copy -

The index copy is document where area, address, and owner of property mentioned. generally index copy issued by registrar on completion of transfer of sale agreement.

2. Land Record -

For the Agriculture Land Record of the 7-12 Survey, an 8-A or Land Patta Record is required.

3. Title Deed -

The title deed is one of the most important documents required for property valuation. It is a legal document that proves ownership of the property and contains vital information such as the name of the owner, the description of the property, and any encumbrances on the property.

4. Property Tax Receipts -

Property tax receipts/ Bill provide information about the amount of property tax paid by the owner of the property. This information is used to determine the value of the property as it is an indicator of the value assigned to the property by the local government Authority

5. Sale Deed -

The sale deed is a legal document that records the transfer of ownership of the property from the seller to the buyer. It contains information such as the purchase price of the property, the date of the transaction, and the details of the parties involved.

6. Occupancy Certificate -

An occupancy certificate is required for newly constructed buildings or properties that have undergone major renovations. This document certifies that the property is safe to occupy and has been constructed in accordance with the local building codes and regulations.

7. Any Other Proof -

Any other document that justifies ownership, possession, and area of property.

Why is a property document required for valuation?

For assessing property valuation as of the latest date, we need the exact location of the property, the area of the property or land, and the building construction year. Further, to make a valuation report for various purposes, we have to check the ownership of premises or land. For those reasons, we need property documents. Furthermore, it is mandatory for a government-approved valuer to check all the documents for property valuation.

Summary of Required Document for Property Valuation

How to Submit Your Documents for Property Valuation

If you need to submit documents for property valuation, there are multiple convenient ways to do so. Here’s a step-by-step guide for each method: