ALL >> Business >> View Article
Importance Of Property Valuation
Total Articles: 12
Property valuation helps an organization or an individual know the worth of the property. The fair price of a land, factory, or a building can be estimated through the valuation of a property. Property valuation of includes the estimation of a brand, copyright, intellectual property related rights, goodwill and company performance related to marketing and promotions.
There are numerous reasons why a property is being valued. Some of them are mentioned below:
Buying or selling of property: Valuation of property is important when buying or selling of property. Even if an individual wishes to rent his property, valuation of property becomes important. The rent of a property is usually 6-10% of the estimated price of property.
To mortgage a property: The valuation of property is important when a buyer wishes to seek loan against the security of property valuation is also done in case a loan for construction of a building is required.
For taxation purpose: Valuation of property is important when calculating the tax on property. Taxes include wealth tax, municipal tax, property tax, vacant land tax, ground rent tax etc, which an individual has to pay to various government departments.
For transfer of property: In case a person wishes to transfer his property, he will need to estimate the value of property. The stamp duty is calculated on the basis of the worth of property.
Compulsory Acquisition: In case an individual or an organization declares itself bankrupt and a compulsory acquisition or auctioning off the property is done, in such case the valuation of a property is important.
Adroit Valuation indeed plays a vital role even at the time of seeking loans against property i.e. where property acts either as a primary security or secondary collateral. Intangible property valuation has been made a practice in very business from an accounting perspective to understand business fair valves and to set up Property valuation values. Property valuation helps an organization or an individual know the worth of the property. The fair price of a land, factory, or a building can be estimated through the valuation of a property.
Business Articles1. Be A Security Guard And Live A Life With Dignity While Protecting Commoners
Author: George Hoover
2. Have A Plan
3. Our Year Round Services Include Part - Iii
4. Best Smart Security
Author: SecurPoint Security
5. Choosing The Best Security Guard Company In Delhi
Author: Sushma Deshwal
6. Siddhakala Renewable Energy System Pvt. Ltd
Author: SIDDHAKALA RENEWABLE ENERGY SYSTEM PVT. LTD
7. Why You Should Use Professionals To Deal With Your Bed Bug Issues
Author: Steve Stein
8. Bed Bug Exterminators And The Solution To Your Bed Bug Problem
Author: Steve Stein
9. Chief Sand Supplier In Hyderabad
Author: Sand Suppliers
10. What Do Hvac Repair Technicians Do?
11. Professionally Expert Technician Of Air Condition
Author: Honestair Systems
12. Why Live Chat Script Is Necessary
Author: Surabhi Joshi
13. How Does Advertising Use Your Imagination?
14. Export Compliance Needs – What People Should Do?
Author: Fred Danny
15. Hair Removal Products & Epilators Review
Author: Smooth Life