As per SARFAESI Act, 2002 and Rule 8(5) of Security In- terest (Enforcement) Rules, 2002, before affecting sale of immovable property, authorised officer is required to obtain valuation of property from an approved valuer.
Any person may require the fair value valuation of Land & Building for the purpose of acquisition, disposal, leasing or financing activities.
Valuation under the following statutes need to be undertaken by Valuer registered under The Wealth Tax Act, 1957. AAA Valuation can take up such assignments as its partners are ‘Registered Valuers’ under The Wealth Tax Act, 1957. Such assignments would include:
Among the first four Valuation Professional Entities registered with IBBI.
AAA Valuation Professionals (I) LLP was incorporated on 6th December, 2018 and became a member of IOV Registered Valuers Foundation for all three asset classes on 25th February, 2019. The firm is registered with IBBI as a Registered Valuer Entity for all three asset classes i.e. Land & Building, Plant & Machinery & Securities & Financial Assets vide registration number IBBI/RV-E/02/2019/104 w.e.f. 8th August, 2019.
Specialized software for Handling Valuation
AAA Valuation has adopted a software for handling valuation assignments where all jobs are created in software and timely alerts are sent to teams for timely completion of all jobs. The software also keeps a track of man hours devoted to each assignment and checklists and formats are provided for standardisation of Valuation Reports.
