Property Valuation: Online Property Valuation Services

All you need to know about Property Valuation

What's the role of Property Valuers?
How does a Property Valuer help?
When should you avail Property Valuation?
What is the process of Property Valuation
What is a Property Valuation report and how is it important?

What's the role of Property Valuers?

Property Valuers are experts who carry out a detailed inspection of a property and then present a report with an estimation of the property's value. The services of a property valuer can be availed for residential, industrial, or commercial properties. The professional valuer possesses a vast knowledge of the relative forces that affect the value of a property. The role of a property valuer generally includes:

Property Evaluation

A property valuer is responsible for measuring and recording a property onsite. This includes determining the property's accurate measurements and then clicking relevant images that are date stamped. The valuer evaluates the property as a whole and makes notes on the same.
Property Inspection

The property valuer also inspects and surveys the property's condition. This includes noting any structural faults and identifying the number of rooms, layout, parking, landscaping, amenities, flooring, and more. The valuer inspects all attributes of the property and maintains everything on record
Location Assessment

Location is one of the most important factors while assessing a property's value. A property valuer carefully studies the location, its demand, nearby major parks, and circle rates. The valuer accordingly analyses the present value and future projections of your property.
Property Recommendations

Property valuers can advise clients about effective methods of buying and selling properties. This includes recommending properties that match a client's requirement and assisting them till the end.
Auctioning & Assistance

Property valuers also assist in the auctioning process of your property. This includes conducting marketing to attract the best buyers and completing all paperwork when necessary. A valuer can also assist in resolving disputes related to properties, by advocating his/her clients' rights.
Final Report of Property

Finally, property valuers produce detailed reports outlining their overall findings of a property. When a client is satisfied with the valuation, a valuer can further schedule the sale of a property.

How does a Property Valuer help?

A Property Valuer can help the buyer or seller in the following ways:

Assess the accurate value of your property (residential, commercial or industrial)
Make sure you achieve maximum savings on your investment
Draft a complete report on the property status, specifications, maintenance, etc.
Offering strategic advice on investment
Bring your attention to potential disputes
Conduct property auctions
Compensation assessment

When should you avail Property Valuation?

Property valuation for buying or selling

Whether you are buying a property or selling one, it's important to get it appraised by professionals. Knowing the fair value of a property can help you better negotiate the deal and save a lot of money.
Property valuation for a loan

Property appraisal is also important when you are applying for a loan against that property. Banks usually approve the loan on the basis of the appraised value of the property, not the listed price.
Property valuation for tax purposes

The taxes you pay on your property are calculated on the basis of the value of the property. Property valuation can help you assess the amount of taxes you should be paying on your property.
Property valuation for stamp duty calculation

When you buy a property, you have to pay stamp duty and registration charges to the government. These charges are determined on the basis of the value of the property. Knowing the fair value of the property can help you save on these charges as well.

What is the process of Property Valuation

In practice, all property Valuers follow a process where the key considerations are the property location, construction quality, maintenance and proximity to major infrastructure developments. In addition, safety and security of the property is another important aspect that is looked at while doing a property valuation. A valuer may employ below valuation methods:

Comparison method- This type of valuation method is best suitable for residential properties where you want to purchase a property for occupation and not just for investment. This takes into account the sales figure and comparative values while working out the property value and rental yields.
Cost Method- This method is commonly used when there are no comparable properties. In this case, the price is calculated by determining the current cost of buying the land and constructing a similar property in that area.
Profits Method- This type of method is employed for types of property that have a trade or a business being run from there. In such cases, this method is the best where the gross earrings are taken into account, the working expenses are deducted and the balance is the amount that can be the rent.

What is a Property Valuation report and how is it important?

A Property valuation report is a document that is given out by a valuer after he conducts an inspection for your property. This report is a comprehensive document with details of each aspect on how the valuer has arrived at the valuation for your property. The report helps buyers and sellers both, with knowing the real value of a property, which gives the right estimation for the price for a property too.

Terms & Conditions

Magicbricks Realty Services Limited shall hereinafter be referred to as the "Company".
"Service Provider" means a company, partnership, proprietorship or any individual person engaged in the business of providing property valuation services and has agreed to provide such services to the User (defined in the following clause) based on the details of the User provided to it by the Company or by the User directly to the Service Provider
"User" means a company, partnership, proprietorship or any individual person who is purchasing the services of a Service Provider for Property Valuation Services via the Company portal. In connection with the same, the User has willingly provided their information and details on Company's portal or over email/telephonic exchange.
Company is an online portal and acts only as a connector between the User and Service Provider for property valuation services and does not act as an agent of any of the parties (User and Service Provider). The transaction between the User and the Company is on principal-to-principal basis.
All confidential information (including name, e-mail address, physical address etc.) voluntarily revealed by the User is done at the sole discretion of the User. User agrees that the Company, Service Provider(s) and/or their respective representatives can contact the User via phone, email or Whatsapp. Use of User's information is subject to the terms of Company's Privacy Policy. User hereby agrees that the Company reserves the right to change these terms and conditions at any point of time without notifying the User.
Company carefully screens its Service Providers and onboards only those who have an impeccable service record in the industry. The Company continues and will continue to take utmost care in on-boarding best Service Providers; however, the Company can't be held liable for any service quality guarantees.
Users shall ensure to satisfy themselves with the information / report received from the Service Provider. If there are any issues or shortcoming in such information / report, the User can address it directly with the Service Provider, and the Company shall also make best efforts to resolve the User concerns. However, the final responsibility to address these concerns rests with the Service Provider. Company's endeavor is to offer a great experience for the User. However, due to the nature of the services advertised, the Company cannot be held liable for any quality grievances.
Company shall not be held responsible and cannot be a Party in case of any dispute between the User and the Service Provider and the User shall indemnify the Company for any claim / liability on Company in consequence of any such dispute between User and the Service Provider.
Valuation package is valid for only a single property. Valuation of the property is subject to the package purchased and accuracy of the valuation is dependent on criteria like property city, locality, direction, floor, neighborhood, property condition etc. decided by Service Provider; however, Company can't be held liable for any service quality guarantees. User is assured of the valuation of only one property for the purchase of one package . Details regarding the property once submitted by the user,cannot be changed later.
Accuracy percentage of each valuation package offered by the Company is decided by the Service Provider on certain parameters and methods of doing the valuation; however, the Company can't be held liable for any service quality guarantees.
Cancellation, Reschedule and Refunds policy
- Cancellations:
  - Any cancellations made 24 hours (or more) prior to the service delivery time shall be eligible for 100% refund to the User from the Company.
  - Any cancellations made within 0-24 hours prior to the service delivery time shall be eligible for 50% refund to the User from the Company.
  - Any cancellations made on the day of the visit or after the visit has been concluded or report has been shared will not be eligible for any refund to the User from the Company.
- Rescheduling:
  - Any reschedule requests made 24 hours (or more) prior to the service delivery time shall be done at no extra cost
  - Any reschedule requests made within 0-24 hours prior to the service delivery time shall attract a rescheduling fee of INR 200
- In rare instances of the service not being fulfilled within a reasonable amount of time or there being obvious lapses in the service delivery quality, the Company will assess the case and provide the best resolution possible, with no liability except refund of the amount paid by the User, if necessary.

Detailed T&Cs - Certified Valuation (Combo pack)

Applicable fees: Fees to be paid towards the services bought under the package only.
Services under the Package: The company shall provide assistance to the customer in the processing of a pre-approved loan.
The above packages are valid for a period of 1 year from the date of activation
100% refund when a Home Loan is taken through MagicBricks Realty Services Ltd as a facilitator and after the disbursement of the home loan has happened by the Bank/HFC/NBFC.
100% refund if no Home Loan is disbursed with MagicBricks Realty Services Ltd as a facilitator provided all the following conditions are met
- Minimum 6 months from the date of making the purchase of this service.
- No Home Loan has been taken from any Bank/HFC/NBFC. To validate if a Home Loan has been taken or not, MagicBricks will ask the user to provide access to his credit bureau report which is the most recent (min of 6 months from the date of purchase of the service from MagicBricks). The Credit Bureau report can be pulled by MagicBricks but will require the customer to give his consent and also do an OTP validation for the same.
Disclaimer: The company is merely an intermediary and is not and cannot be party to any transaction between the customer and developer or customer and bank/FI. The company further does not guarantee and provide any warranty that the developer and the bank will render the respective services. Selection of a property is the individual's choice and decision and the company does not guarantee any finalization of the property. Further Loan sanction / disbursal process, decision and timelines are at the sole discretion of the financial institutions to whom the application is submitted. The company is involved in the process as a third-party, to facilitate collection and submission of relevant documents from the User to the financial institution, and any process support and advisory thereof, and shall provide these services to the User on a best efforts basis. If the loan is not sanctioned / approved and / or disbursed, or if there is a delay in the process by the Financial Institution, even after recommendation made by the company based on the information / details shared by the User, the company shall not be responsible or liable for the same, including refund of processing fee or any other form of fees or payment, if paid by the User to the Financial Institution.
The various offers provided as a part of the package are complementary and subject to change from time to time at the sole discretion of the company.
Calculation of the cashback amount Cashback is calculated based on the disbursed amount of the Home Loan. It will be 0.2% based on the disbursed Home loan amount. The maximum cashback that can be availed is 50,000 Rs
All refunds, if and when due, should be claimed by the user within 90 days of the refund becoming due. If not claimed, it will be treated as non-refundable thereafter.

Property Valuation

Property Valuation Services

What does a Property Valuer do

Valuation for Buyers

Valuation for Sellers

Strategic Advisory

All you need to know about Property Valuation

What's the role of Property Valuers?

Property Evaluation

Property Inspection

Location Assessment

Property Recommendations

Auctioning & Assistance

Final Report of Property

How does a Property Valuer help?

When should you avail Property Valuation?

Property valuation for buying or selling

Property valuation for a loan

Property valuation for tax purposes

Property valuation for stamp duty calculation

What is the process of Property Valuation

What is a Property Valuation report and how is it important?

Frequently Asked Questions