In general Valuation or appraisal is related to finding the value of anything. It is mainly related to tangible assets. But as you know, intangible things can also be valued but this Value is highly dependent upon the person who is doing the process of Valuation. In other sense, there are two types of properties in tangible category, Movable and Immovable. Land, Estates, Quarries, Buildings etc comes under Immovable properties. Civil Engineers are the experts in doing the Valuation.
Property Valuation is the art and science of assessing the value of a property. The Valuer or appraiser evaluates the Value when the property is sold in the open market. The purpose of the Valuation Report is very important and based on the purpose the Value will change. There are mainly 3 types of purposes involved in it.
There are several methods adopted in Valuation of immovable Properties.
Land and Building Method – Here the value assessed separately for Land and Building. Here equal importance is given to Land and building. Similarly, in Land only properties (There is no Building constructed in the property). The same method is adopted with zero value considered for the property. This is the simplest way of doing a valuation of a property.
Composite rate method – This method is adopted in flats and properties with undivided share in the Land. Here more importance is given to the building part the land component. This method is more complicated compared to Land and building with more complex calculations.
Rent Capitalization Method – This method is having significance in the commercial angle and the rate of return is linked to the rent received. Based on some complicated calculations, the Value is assessed. If the amount obtained by this method is less than the Land and Building Method, no doubt, we consider the highest value.
For more details, please contact on 92 88 00 64 30
Email id – valuationdepttdlccs@gmail.com
Thrissur District Labor Contract Cooperative Society participated in 2023 Cooperative Exhibition held from April 22 to 30 at Kochi Marine Drive Ground.
Thrissur District Labour Contract Co-operative Society Ltd, timely completed the project management consultancy of Kerala Government Life Mission Housing Complexes in Kannur District.
Thrissur District Labour Contract Co-operative Society Ltd, timely completed the project management consultancy of Kerala Government Life Mission Housing Complexes in Kollam District.
Thrissur District Labour Contract Co-operative Society Ltd, timely completed the project management consultancy of Kerala Government Life Mission Housing Complexes in Idukki District.
Deshabhimani paper handed over to the inmates of Kottayam District Jail
Inauguration of the renovated Shri.Sukumar Azhikode memorial building by Hon. Mr. Saji Cherian, Minister of Culture, Fisheries and Youth Affairs.
On the occasion of 2022 Onam celebration, The Society President Shri.T.G Sajeev inaugurated the project “njan maveli”. This project is exclusively for the poor peoples.
Thrissur District Labor Contract Co-operative Society celebrated this year's Onam (Thumpapu 2022) with a very elaborate programme. Thumpappoo 2022 Onaghosam Society President Shri.T. G. Sajeev officially inaugurated.
The 9th Annual General Meeting of Thrissur District Labor Contract Co-operative Society was held on 25th September last at Tirur Society Office Courtyard. Vice President Shri Raveendran M.R welcomed. Society President Shri.T.G Sajeev hosted the whole meeting, Society Secretary Mr. Sindhu KR presented the report.
Unarv is a project conceived by the Thrissur District Labor Contract Cooperative Society to help the needy students. This year too, study materials were distributed to over 3000 students in selected schools.
The foundation stone of the Isolation Ward at Pazhayannur Community Health Center, which is being constructed by the Thrissur District Labor Contract Co-operative Society, was laid by the Hon'ble Minister for Scheduled Castes and Scheduled Tribes, Backward Classes Development, Devas and Parliamentary Affairs, Shri. K Radhakrishnan performed.
