What is the scope for a valuer in India?

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To mortgage a property:

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While loan for any construction of a property is taken, for the mortgage purpose- proper and explicit security is calculated, evaluated and valued. It is only then the loan is sanctioned to the buyer.

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For optimum selling and buying of property:

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To understand the right worth of the property while at the time of selling, buying, or renting, valuation of that property or an asset is extremely important so that is does not go overboard to be over-valued or under-valued as per the market trends and conditions.

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For taxation:

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While calculating taxes such as property tax, wealth tax, vacant land tax, municipal tax etc., valuation is important.

For acquisition purpose: whenever a company or an organization decides to auction off or acquire any property, valuation is important then for the optimal values to be decided based on various necessary factors taken into consideration.

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For stamp duty:

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While transferring any property by an individual, organization, or a company-it is important to estimate the worth of the property to analyse the stamp duty required for that process based on the value extracted.

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