VALUATION REPORT- LAND & BUILDING
I GENERAL
1 Purpose of the valuation To ascertain the fair market value of the property for
loan purpose
2 Name of Bank & Branch Raje Vikramsinh Ghatage Co-operative Bank, Mudhal
Tittha Branch, Dist. Kolhapur, Maharashtra
416208
3 Date of visit to the Property 09/10/2024
4 Date of Valuation 12/10/2024
5 Name of Owner Yuvraj Vasant Patil
Name of Applicant Yuvraj Vasant Patil
Name of Co-applicant -
6 Address of Property Gat no. 103 At post Boravade, Tal.Kagal, District
assessed Kolhapur, Maharashtra
416208
7 Brief description of property Residential Building and agriculture land.
under valuation
8 Person in presence during 1) Yuvraj Vasant Patil
site visit
9 List Of Documents 1) Assessment Sheet by Gram Panchayat
Produced for perusal 2) Location Plan
3) KYC of applicant and co-applicant
4) Government ASR Sheet.
5) IGR Sheet
II DESCRIPTION OF
PROPERTY
1 Location
Name of Layout Nagar Boravade
C.S No./R.S No./Survey No.
House No. 526
Vilage Block No.
Taluka Ward No. Kagal
District Muncipality Kolhapur
Corporation Maharashtra
State
2 Boundaries of Property
Gat no.103 (as actual)
a East
b West
c South
d North
3 Boundaries of Property
Gat no.103 (as actual)
a East
b West
c South
d North
PART A-LAND
2 Characteristics of Site
1) Classification of Locality Agriculture Cultivation and Residential Area
2) Characteristics of Locality Middle Class
3) Level of Development of Developed
Surrounding area
4) Level of land with Plain Land
topographical condition
5) Frequent flooding during No
rainy season
6) Access to civic amenities
like School,
Hospital,
Market,
Public Transport etc.
7) Shape of land Rectangular
8) Use of Land Residential
9) Type of Soil
10) Any usage restriction? Nil
11) Tenure of Land Freehold
12) Corner plot or Intermediate Corner Plot
plot
13) Road Facility Available
14) Type of road Available West Side Asphalt Road
15) Width of road is ≤20’> West Side Asphalt Road 6.0m wide
16) Is land locked site No
17) Water Potentiality Available (River water for usage)
18) Underground Sewage Available
system
19) Availability of Power Supply Available
20) Is Plot in TP approved Yes
layout?
21) Is there a layout sketch for No
the land?
22) Is layout sketch enclosed? No
23) Advantages of site Proper asphalt road for commute
Good connectivity from nearby rural and urban areas
24) Disadvantages of site No
3 Valuation Of Land of No.
103
a. Methods adopted to Adopting market rate of plot and based on Plot +
estimate the value Construction
b Market rate prevailing in the In the range of ₹40,000/- to ₹1,00,000/- per guntha for
locality for similar land with same extent of site.
similar characteristics
c Adopted unit rate of the Rate adopted and considered as ₹60,000/- per guntha
subject land after giving due based on plot area of 18.62 guntha
weightage to the individuals
merit
d Valuation of land 18.62 guntha x ₹60,000/- = ₹11,17,200 /-
e Government rate as per
IGR per hectare or per
sq.mtr
f Government Guidance
Value
PART B – BUILDING
1 Type of Construction & Residential Building:
Specification Reinforced Cement Concrete residential of ground plus
one floor. Having tiles flooring at the group floor for each
room. Kitchen having ‘L’ shaped kadappa otta.
2 Quality of Construction Class II
3 Appearance of Building Pleasant
4 No. of Floors G
5 Maintenance of building Good
6 Plinth Area As stated in 1 of Part B
7 Deviations from approved
plan
a Extent of deviation
Details of deviation
from plan for the Property
b Does the building run the No
risk of demolition
c Do the deviation affect the No
marketability of property
8 Details of Floor wise
Construction
a Specification of:
Foundation
Superstructure
Roof
Doors
Windows As Stated in 1 of Part B
Floor Finish
9 Total Plint area As Stated in 1 of Part B (Milkat no. 567)
a Year of Construction
b Age of Building
c Further life expected
d Total life estimated of
building
e Depreciation Percentage
f Market rate prevailing in the
locality with similar
characteristics
g Adopted unit rate of the In the range of ₹1650/- per sq.ft
subject
h Cost of building ₹1650 x 660 =₹10,89,000/-
i Replacement value after
deducting depreciation ₹10,89,000 – 7.5% = ₹10,07,325/-
amount
j Total of Replacement Value ₹10,07,325/-
ABSTRACT OF VALUATION REPORT
1 Agriculture Land (103) ₹11,17,200/-
2 Milkat no. 526 (Land Value) ₹1,49,500 /-
3 Value of Residential Building ₹10,07,325/-
Total Value ₹22,74,025/-
As a result of my appraisal and analysis it is my considered opinion that, above Property in
prevailing condition with aforesaid specification fetches -
The present value of ₹22,74,025/- (Twenty-Two Lakhs Seventy-Four Thousand Twenty Five
Rupees Only) by considering plot rate as per market survey based on plot area.
DECLARATION
I hereby declare that,
A. The information furnished above is true to the best of my knowledge and belief.
B. Neither me nor my associate have been direct or indirect interest in the advance or assets
valued
C. I am neither related to the owner/leaseholder of the Property which is being valued nor the
officials of the Financial Institution/Bank from which the borrower proposes to mortgage the
Property, if any being valued.
D. The Property was physically inspected by me on 09/10/2024
E. The Title Deed(s) of the Property under valuation is available and verified by me.
F. The Property is identified by me with the help of documents.
G. This valuation is prepared without any prejudice or bias to any person or institution.
H. This report is prepared on available documents during my visit to the site.
1. The Legal aspects are not considered in this valuation
J. The value of land is considered by making due enquires in the locality and ascertaining the Sale
Value of the Properties in the locality.
K. Any additions alterations made to the Property after the date of valuations shall not fall under
the scope of this report
L. We are neither the Auditors to the Owner of the Property(eis) and their Firms, Associates nor
are we the Statutory Auditors to the branch of any Bank
M. It is hereby certified that, the above Property fetches –
i) Present Market Value of - ₹22,74,025/-
ii) Realizable Value of - ₹20,46,622/-
iii) Distress Value of - ₹18,19,220/-
in my opinion as and where on the date
N. I have not been dismissed or removed from Govt. services or convicted of an offence with any
proceedings of Income Tax Act, Wealth Tax Act or Gift Tax Act or have been blacklisted by any
Bank/Financial Institution or Department/Public Sector Enterprise Body Corporate etc.
O. Photographs & location Plan of the Property assessed are enclosed
Date: 12/10/2024
Place: Gangapur
PHOTOGRAPHS OF ASSESED PROPERTY:
GOOGLE MAP POSITION OF ASSESED PROPERTY:
8A OF ASSESED PROPERTY:
7/12 OF ASSESED PROPERTY
GRAMPANCHAYAT ASSESMENT SHEET
IGR ASSESMENT SHEET
BHUNAKASHA OF ASSESED PROPERTY
