Model

SOPf
or
Val
uat
ionofPr
oper
ti
es
(
TheModelSOPi
sonl
yindi
cat
ive/i
l
lust
rat
iveandnotexhaust
ive)

1|
Page
 I
NDEX

Par
a Subj
ect Pg.No.

1. Pr
eambl
e 4

PART-
I

2. Pur
poseofVal
uat
ion 6

3. Gener
algui
del
i
nesonVal
uat
ion 6

4.
1 Compl i
ance of St
andar
ds and 8
Procedures/
Met
hodol
ogi
es

4.
2 Dur
ati
onofEmpanel
ment 9

Pol
icy deal
i
ng withv al
uat
ion ofpropert
ies and
PART-
II empanelment of v
aluersthose r
equired under
CompaniesAct
,2013 10

PART-
II
I Ot
herMat
ter
s 11

Annexur
e-I

For
mat
-A Val
uati
on Repor
t(I
nrespectofLand /Si
teand 12
Bui
l
ding)

For
mat
-B Val
uat
ionRepor
t(I
nrespectofAgr
icul
tur
alLands) 24

For
mat
-C Val
uat
ionRepor
t(I
nrespectofFl
ats) 29

For
mat
-D Val
uat
ionRepor
t(I
nrespectofPl
ant&Machi
ner
y) 37

Annexur
e-I
I

For
mat
-E Decl
arat
ionf
rom Val
uer
s 39

Annexur
e-I
II Model
CodeofConduct 41

Annexur
e-I
V Let
terofI
ndemni
tybyEngi
neer
s/Val
uer
s 46

2|
Page
 LI
STOFABBREVI
ATI
ON

AI Appr
aisal
Inst
it
ute

ACB Audi
tCommi
tt
eeofBoar
d

AGM Assi
stantGener
alManager

Apps Appl
i
cat
ions(
Int
ernet
-based)

ARC AssetReconst
ruct
ionCompany

ASA Amer
icanSoci
etyofAppr
aiser
s

CAC Cr
edi
tAppr
oval
Commi
tt
ee

CoC Commi
tt
eeofCr
edi
tor
s

CP&MSME Cr
edi
tPol
i
cy&Mi
cro,
Smal
landMedi
um Ent
erpr
ises

CRAR Capi
tal
toRi
skWei
ght
edAssetRat
io

CRZ Coast
alRegul
ator
yZone

CVSRT Cent
ref
orVal
uat
ionSt
udi
es,
Resear
chandTr
aini
ng

DGM Deput
yGener
alManager

FI Fi
nanci
alI
nst
it
uti
on

FGM Fi
eldGener
alManager

GM Gener
alManager

GPS Gl
obal
Posi
ti
oni
ngsy
stem

I
BA I
ndi
anBanks’
Associ
ati
on

I
BBI I
nsol
vencyandBankr
upt
cyBoar
dofI
ndi
a

3|
Page
I
BC I
nsol
vencyandBankr
upt
cyCode

I
CAI I
nst
it
uteofChar
ter
edAccount
ant
sofI
ndi
a

I
FB I
ndust
ri
alFi
nanceBr
anch

I
FRS I
nter
nat
ional
Financi
alRepor
ti
ngSt
andar
ds

I
GAV I
nst
it
uti
onofGov
ernmentAppr
ovedVal
uer
s

I
IV TheI
ndi
anI
nst
it
uti
onofVal
uer
s

I
NDAS I
ndi
anAccount
ingSt
andar
ds

I
OS I
nst
it
uti
onofSur
vey
ors(
Val
uat
ionBr
anch)

I
OV I
nst
it
uti
onofVal
uer
s

I
RP I
nter
im Resol
uti
onPr
ofessi
onal

I
VS I
nter
nat
ional
Val
uat
ionSt
andar
d

I
VSC I
nter
nat
ional
Val
uat
ionSt
andar
dCounci
l

LCV Lar
geCor
por
ateVer
ti
cal

MBA Mul
ti
pleBanki
ngAr
rangement

MCA Mi
nist
ryofCor
por
ateAf
fai
rs

MD&CEO Managi
ngDi
rect
orandChi
efExecut
iveOf
fi
cer

MSME Mi
cro,
Smal
landMedi
um Ent
erpr
ises

NCLT Nat
ional
CompanyLawTr
ibunal

NPA Non-
Per
for
mingAsset

OTS OneTi
meSet
tl
ement

PAN Per
manentAccountNumber

PVAI Pr
act
ici
ngVal
uer
’sAssoci
ati
onofI
ndi
a

RBI Reser
veBankofI
ndi
a

RCC Rei
nfor
cedCementConcr
ete

RI
CS Roy
alI
nst
it
uti
onofChar
ter
edSur
vey
ors,
Indi
aChapt
er

RMD Ri
skManagementDepar
tment

RP Resol
uti
onPr
ofessi
onal

SARFAESI Secur
it
isat
ionandReconst
ruct
ionofFi
nanci
alAsset
sandEnf
orcementof

4|
Page
Act Secur
it
yInt
erestAct

TPE Thi
rdPar
tyEnt
it
ies

T.
S.No. TownSur
veyNumber

I
BAModelSOPf
orVal
uat
ionofpr
oper
ti
es(Excl
udi
ngv
aluat
ionof
Fi
xedAsset
sownedbyt
heBank)

1.Pr
eambl
e:

1.1Val uati
oni nabroadsensemeansassessingt hewort
hofsomet hi
ngwhichmay
betangi bl
easset sl
ikelandorsomethi
ngintangi
bl el
i
kegoodwi l
l.Therear
ev ar
ious
methodol ogiesofvaluati
on.TheBankisconcer nedwithfairmar ketval
ueoft he
propertythatcanbeexpect edfr
om abuyeri fthepropert
yisputt osal
e.Hence,
conclusiondr awnbythev al
ueri
nval
uati
onreportaboutthepropert
yneedsacar eful
exami nati
onbyt heBank.

1.2Whatisofut mostimpor
tancei
sthatt
hereasonsforar
ri
vi
ngatt
heval
ueofa
propert
yacceptedassecuri
tymustbecar ef
ull
yfol
lowedanddul
yrecor
dedf
or
refer
enceatalaterdat
e.

1.3Thewor d“ f
airmarketvalue‟usedhereinshoul
dbeunder stoodast hepri
cet hat
thepropert
y( Land&Bui ldi
ng,Plant&machi ner
yetc)takenassecur i
tywouldf etch
onsalei nopenmar ketont her el
evantdateofev al
uati
on.Inter
nati
onalFinanci al
Reporti
ngStandar ds(IFRS)/INDASdef i
nesFairValueasthepr icethatwouldbe
recei
vedt osel lanassetorpai dtot r
ansferaliabil
i
tyinanor der
lytransaction
betweenmar ketparti
ci
pantsatthemeasur ementdate.

i
.Fairvaluerepresentsexitpriceandnotent r
yprice
i
i
.Transact i
onpr i
ceistheent ryprice
i
i
i.Exitpriceofanassetorl iabil
it
yisdif
ferentfr
om ent
ryprice.
i
v.Fairvalueismar ket-
basedmeasur ement,notanent
ityspeci
ficmeasur
ement
.
v
.FairVal uemeasur ementisnotadj ustedfortr
ansact
ioncosts.

1.4Thepr ocessofv aluat

ionrequi
resthev al
uertomakei mparti
aljudgment sasto
the r
eliabili
tyofi nputs and assumptions.Fora v aluat
ion to be credibl
e,itis
i
mpor tantt hatthosejudgmentsaremadei nawaythatpr omot estransparencyand
minimizest heinfl
uenceofanysubj ect
ivefact
orsonthepr ocess.Judgementusedi n
av al
uat ionmustbeappl iedobjecti
vel
yt o av
oidbi asedanal y
ses,opi ni
onsand
conclusions.

1.5Inexerci
seofthepowersconferr
edbysecti
on247r eadwi thsect
ions458,459
and469oft heCompaniesAct,2013(18of2013),t
heCent ralGov er
nmentMi ni
str
y
ofCor por
ateAff
airsnoti
fi
edt heCompanies(Register
edVal uer
sandVal uati
on)
Rules,
2017on18thOct2017.Section247oft
heActr equir
est hatwhereav aluati
on

5|
Page
i
st obemadeofanypr opert
y,stocks,shares,debentur
es,securit
iesorgoodwi llor
anyasset sornetwor thofacompanyori t
sliabil
it
iesundertheprovisi
onsoft heAct ,
thesameshal lbev al
uedbyaper sonhav i
ngt herequisi
tequali
fi
cations,experience,
register
edasav al
uerandmemberofar egister
edv al
uersor ganisat
ion,int he
mannerpr escri
bedi ntheRul es.Inaddi t
ion,toadmi nist
erandper f
ormf unct i
ons
undert hesaidr ul
es,theMi ni
stryofCor porateAffair
s(MCA)bywayofnot i
fication
on23Oct ober ,2017,hasspeci fi
edt heInsolvencyandBankr uptcyBoar dofI ndia
(IBBI)astheresponsibleauthori
ty.

i
.Thev aluat
ionaspert heCompanies(Regist
eredVal
uersandVal
uat
ions)Rules,
2017issuedbyt heMini
stryofCor
porat
eAffair
son18.10.
2017woul
dbeapplicabl
e
forval
uati
onr equiredunderCompani
esAct,2013f r
om t
hedateonwhi
cht herul
es
becomeef f
ective.

i
i.I
BA’sguideli
nesshal
lcont
inuetobeappli
cabl
ef orval
uat
ionswhi
char
enot
mandat
ori
l
yr equir
edt
obedoneunderCompani
esAct,
2013.

6|
Page
 Par
tI

Pol
icy deal
i
ng withval
uat
ion ofpr
oper
ti
es ot
hert
han t
hose r
equi
red under
CompaniesAct,
2013.

2.Pur
poseofVal
uat
ion:

2.
1Toascer
tai
nthev
alueoft
hepr
oper
tyof
fer
edassecur
it
y.

2.
2 To per
iodical
lyascer
tai
nt hev al
ueoftheassetthathasbeen mor
tgaged,
whet
heriti
sincreasi
ngordecr
easingovert
hemor
tgageperi
od

2.
3Tor
eal
i
zet
hev
alueofnon-
per
for
mingasset
s(NPAs)

2.
4Redempt
ionofpr
oper
ti
esi
ncasesofdef
aul
t.

3.Gener
algui
del
i
nesonVal
uat
ion:

3.1Thevaluat
ionshoul
dalwaysbegotdonebyanempanel l
edindependentval
uer
i
.e.,
thev
aluershoul
dnothaveadir
ectori
ndi
recti
nter
esti
ntheassetbei
ngv al
ued.

3.
2Al lthenecessary/r
elev
antpapers/documentsshoul
df l
ow di
rect
lyf
rom t
he
branchtothevaluer&vi
cev er
sawithoutr
outi
ngthesamet hr
oughtheborr
ower/
guarant
orconcerned.

3.3TheVal uat
ionRepor ttobesubmi t
tedbytheval
uersstandinvari
ablycontai
nsthe
FairMar ketVal ue,t heBookVal ueandt heDistr
essVal ueoft hepr opert
ybeing
valued.Howev er,forthepurposeofdet er
mini
ngt hepresentvalueoft hepropert
y
mor tgaged / t o be mor tgaged,the FairMarketVal ue should be taken i
nto
consi der
ati
on.Al so inthecaseofPl ant& Machiner
y,FairMar ketVal ueto be
accept edforvaluationpurposes.

3.4Adeclar
ati
onshoul dnecessari
lybeobtai
nedfrom v
aluerswit
heveryval
uat
ion
repor
taspert hefor
mat–E( Annexur
e-I
I)al
ongwi t
hasi gnedcopyoftheModel
codeofconductforv
aluerasgiveninAnnexur
eII
I.

3.
5Twoi ndependentv
aluat
ionsaret obeobtai
nedfr
om thepanelv
aluer
sincases
wher
ethev alueofanypart
icularproper
ty(
ies)isRs50cror
esandabov eORany
ot
hermini
mum v al
ueatthediscret
ionofmemberbanks.

3.
6Pr oper
ti
esmor
tgaged/Fi
xedAsset
shy
pot
hecat
edar
etobegotr
eval
uedat
l
eastoncein3y
ear
s.

3.
7Fur
ther
,fol
l
owi
ngmodal
i
tiesshoul
dal
sobeadher
edt
o

3.7.
1Assoonast hev al
uati
onrepor
tsareobtained,itshouldbev er
if
iedandensured
thattheycont ainal
lthedetail
s.Bl
anksandcur soryreportsshouldnotbeaccepted.
Further,al
lthecolumnsi nthefor
matofvaluati
onr eportsshouldbedulyfi
ll
edinwith
remar ksandf indi
ngoft heval
uerandifcolumni snotappl icabl
ethenanot at
ionto

7|
Page
thatef
fectshoul
dbemade.A v
aluat
ionr
epor
tcont
aini
ngbl
anksshoul
dnotbe
accept
ed.

3.
7.2 As a measur e of strengthening the Due Di li
gence of the appl
i
cable
pr
imary/
col
lat
eralsecurit
ies which ar e Land & Bui
lding/Land i
n nat
ure/Pl
ant&
Machi
nery/
Othertangibl
easset s,valuerstoincludephotographofownerwi ththe
pr
opert
yinthebackground,i
nther eportsubmittedtoBranches.

3.7.3Foreasyi denti
fi
cat
ionoft heappli
cabl
eprimary/col
lat
eralsecuri
tieswhi chare
Land & Bui ldi
ng/Land i
n nature/Pl
ant& Machi nery/
Otherf i
xed tangible assets,
valuerst o ment i
on l
ongit
ude/lat
it
ude and co-or
dinatesoft he propertiesint he
valuati
onr epor
t.Ifpossi
blescreenshot(inhardcopy)ofGlobalPosi t
ioningSy st
em
(GPS) /Var
iousAppl i
cati
ons( Apps)/I
nter
netsites(eg Googleear th)
/ et
ci st o be
i
ncl udedinthev al
uati
onreport
.

3.
7.4I nthecolumnpertai
ningtov aluat
ioninthef ormatwhereval
uerisrequi
redto
mentiont heprevai
li
ngmar ketrateanot hercolumnshoul dbeaddedanddet ail
s
/r
eference ofatl easttwo latestdeal s/t
ransacti
ons wit
hr espectto adj
acent
propert
iesintheareaswillhavet obement i
oned.Valuati
onreportswit
houtthose
detai
lsshouldberetur
nedtothev aluerf
orresubmi ssi
on.

3.7.5Valuati
onRepor tmustcontainspeci
fi
cv i
ews/commentsont heimpendi
ng
threat
,ifany,ofRoadWi dening,Take-
overofproper
tyf
orpubl
i
cservicepur
poses,
Sub-merging,At
tract
ingpr
ovisosofCoastalRegul
ator
yZone(
CRZ)et
c.

3.
8Guidel
inesf
orvaluati
onofl
andappl
i
cabl
etoal
lpr
oposal
sincl
udi
ngRealEst
ate
pr
oposal
sareasdetail
edbel
ow:

i
.Theacqui
sit
ioncostasperregi
steredsal
edeedmaybeconsi
der
edascostofl
and,
i
fiti
sacqui
redwithi
nimmediateprecedi
ngoneyear
.

i
i.I
fthelandisacquir
ed/pur
chasedbeyondpr
ecedingoneyear
,85% oft
hefai
r
marketv
alueassessedbyt
heBank‟sappr
ovedv
aluershoul
dbetakenasval
ueof
t
heland.

3.
9Val uati
onReport
/sbyempanell
edv aluer
/sinconsort
ium /Mul
ti
pleBanking
Arr
angement( MBA)accountmaybeacceptedbytheBanks,whi
char
eundertaken
asperthisSOP.

3.
10Branches/Off
icestoensuret
hatr
esi
dualageofthei
mmov
abl
epr
oper
tyshoul
d
beatl
east5y ear
smor ethanthet
enur
eoftheloan.

8|
Page
4.
1Compl
i
anceofSt
andar
dsandPr
ocedur
es/
Met
hodol
ogi
es

4.1.
1Allval
uersempanel ledwiththeBankshallcomplyandabi
debyt hestandar
ds
andprocedureslaiddowni ntheSOP.CodeofConductf ort
hevalueri
senclosedas
perAnnexure-I
IIandvaluersshallunder
takecompli
anceofthesameatt hetimeof
empanelment.

4.1.
2 Whi l
econducting a valuati
on,v
aluershav eto compl ywithInter
nat
ional
ly
AcceptedValuati
onSt andar
ds( IVS)asappli
cabletother espect
iveclassofasset
andr espect
ivemethodofv aluati
onasr equi
red.Thebriefbackgr
oundofI VSisas
foll
ows:

4.1.3TheI nternationalVal uati

onSt andards( IVS)ar est andar dsf orunder taking
valuati
on assi gnment s using gener all
yr ecogni sed concept s and pr i
nciples t hat
promot et ranspar ency and consi stency inv aluati
on pract i
ce.The I nter nat i
onal
Valuati
onSt andar dsCounci l(I
VSC)i sani ndependent ,not-f
or -
profitorgani zation
commi ttedt oadv ancingqual i
tyint hev aluati
onpr ofessi
onandf ormat i
onofI VS.
Theirpr imar yobj ecti
vei st o buil
d conf idence and publ ict rusti nv aluat i
on by
producingst andar dsandsecur ingt heiruniversaladopt i
onandi mplement ationf or
thev al
uationofasset sacrosst hewor l
d.Valuat i
onsar ewidelyusedandr eli
edupon
i
nf i
nancialandot hermar kets,whet herf orincl usi
oni nf i
nanci alstat
ement s,for
regulat
or ycompl ianceort osuppor tsecuredl endi ngandt ransact i
onalact i
vity.The
IVSCal sopr omot esleadingpr acti
ceappr oachesf ortheconductandcompet encyof
professional v
aluer s.

4.
1.4TheI VSCSt andar
dsBoardi
st hebodyresponsi
bleforsett
ingtheIVS.The
Boar
d has aut onomy int
he devel
opmentofi ts agenda and appr
ovalofits
publ
icat
ions.I
ndev el
opi
ngt
heIVS,
theBoard:

i
.foll
owsest abl
ishedduepr ocessinthedevelopmentofanynewst andard,i
ncl
uding
consult
ation with stakehol
der
s( val
uers,users ofvaluat
ion ser
vices,regul
ators,
val
uati
onpr ofessionalorgani
sati
ons,etc)andpubli
cexposureofal lnewstandards
ormaterialal
terat
ionst oexi
sti
ngstandards,

i
i.l
i
aiseswi
thot
herbodi
est
hathav
east
andar
d-set
ti
ngf
unct
ioni
nthef
inanci
al
market
s,

i
ii
.conduct s outreach activi
ties includi
ng round-t
abl
e discussions wi
thi nvi
ted
const i
tuent
sand t ar
geted discussi onswi t
h specif
icusersorusergr oups.The
objectiveoftheI VSi stoi ncreaset heconf i
denceandt r
ustofuser sofvaluat
ion
servicesbyest abl
ishingtr
anspar entandconsistentval
uat
ionpr acti
ces.Astandard
wil
l dooneormor eoft hefoll
owi ng:

i
v.i
dent
if
yordev
elopgl
obal
l
yaccept
edpr
inci
plesanddef
ini
ti
ons,

9|
Page
v.ident
if
y and promul
gate consi
derat
ions f
or t
he under
taki
ng of v
aluat
ion
assi
gnmentsandt
herepor
ti
ngofv al
uat
ions,

v
i.i
dent
ifyspeci
fi
cmatter
sthatrequi
reconsider
ati
onandmet hodscommonlyused
f
orval
uingdif
fer
entt
ypesofassetsorl
iabi
l
iti
es.I
nternat
ional
Val uat
ionSt
andar
ds

4.1.5TheIVSconsistofmandatoryr
equirementsthatmustbef ol
l
owedi nor derto
statethataval
uati
onwasper for
medi ncompli
ancewi t
htheIVS.Certai
naspect sof
thestandardsdonotdirectormandateanyparti
cularcour
seofaction,butpr ovi
de
fundamentalpri
nci
plesandconcept sthatmustbeconsi der
edi nundertakinga
valuat
ion.TheI
VSar ear
rangedasfol
lows:

i
.TheI VSFramewor k-Thi
sservesasapr eambletot heIVS.TheIVSFramework
consi
stsofgeneralprinci
plesf
orv al
uer
sf ol
lowingtheIVSr egar
dingobj
ect
ivi
ty,
j
udgement,
compet enceandacceptabl
edepart
uresfr
om theIVS.

i
i.IVS GeneralStandards-Thesesetf ort
hr equirementsfort heconductofall
val
uati
onassi gnmentsincl
udi
ngest abl
i
shingthet ermsofav aluati
onengagement
,
basesofvalue,val
uati
onapproachesandmet hods, andrepor
ti
ng.Theyar edesi
gned
tobeappli
cabletovaluati
onsofallt
ypesofassetsandf oranyv aluat
ionpur
pose.

i
ii.I
VS AssetSt andards-TheAssetSt andardsincluder equi
rementsr el
atedto
speci
fi
ctypesofasset s.Theserequi
rementsmustbef ol
l
owedi nconjuncti
onwith
theGeneralStandardswhenper for
mingav al
uati
onofaspeci ficassettype.The
AssetStandardsincludecer t
ainbackgroundinformationont hecharacteri
sti
csof
eachassettypet hatinfl
uencev al
ueandaddi t
ionalasset-speci
fi
crequir
ement son
commonv aluati
onappr oachesandmet hodsused.

4.
1.6Thecompr
ehensi
vedocumentoni
nter
nat
ionalv
aluat
ionst
andar
disav
ail
abl
e
ontheI
VSCwebsi
teatwww.i
vsc.
org.

4.
1.7I tis expected t
hatev er
yempanel
led v
aluerar
e made aware ofthe I
VS
gui
deli
nesandadher encetot hesameisdonebyv al
uerinval
uat
ionprocess.A
decl
arati
ontot hesamei sal
readyi
ncor
por
atedi
nAnnexureI
I.

4.
2Dur
ati
onofEmpanel
ment

4.2.1Thedurat
ionofempanel
mentwi
llbeforaperi
odoft
hreeyearsandappr
oval
of
re-empanel
mentistobeobtai
nedt
her
eafterf
rom t
heCent
ralOf
fice.

4.2.
2However,t
hequal
it
yofserv
icepr
ovi
ded/per
for
manceoft
hev
aluer
sshal
lbe
revi
ewedannual
l
ybytheBank.

10|
Page
 Par
tII

5.Pol
i
cydeal
i
ngwi
thv
aluat
ionofpr
oper
ti
esthoser
equi
redunderCompani
es
Act
,2013

5.1 The Mi nistryofCorporat

e Affai
rs( MCA)has not if
ied t
he provi
sions
governingv al
uat i
onbyregi
ster
edv al
uers[sect
ion247oft heCompani esAct ,
2013( theAct )]andtheCompanies(Regist
eredValuersandVal uat
ion)Rules,
2017( theRul es).I
naddi
ti
on,toadmi ni
sterandperformf uncti
onsundert he
sai
dr ules,theMCAbywayofnot i
fi
cati
onon23Oct ober,2017,hasspecifi
ed
the Insolvencyand BankruptcyBoar d ofIndia(IBBI)as the responsibl
e
authorit
y.

5.2Secti
on247oft heActrequir
est hatwher eav al
uati
oni st obemadeof
anypropert
y,stocks,shar
es,debentures,secur
it
iesorgoodwi lloranyassets
ornetworthofacompanyori t
sliabil
i
t i
esundertheprovisionsoftheAct,the
same shallbe v alued by a person hav i
ng the requisit
e quali
fi
cati
ons,
experi
ence,regist
ered as a val
uerand memberofa r egist
ered v
aluers
organi
sati
on,i
nt hemannerprescri
bedi ntheRules.

11|
Page
 Par
t-I
II

6.Ot
herMat
ter
s:

6.
1EngagementofValuer
sforval
uati
onofsecur
it
yincasesr
efer
redt
oNCLTasper
pr
ovi
si
onsofInsol
vencyandBankrupt
cyCode2016(I
BC)–

6.2Forcasesrefer
redtoNCLTunderI BC,
IRP/RPshallappoi
ntvaluer
sf orvaluation
ofassetsoft hecor por
atedebtorbyengagingvaluerswhoar eregisteredwi th
IBBI
/or
ganizat
ionsrecognizedbyIBBI
.Thescopeandf eespayabletosuchv aluers
shal
lbefixedbytheIRP/RPwi thappr
ovalofCommitteeofCredi
tors(CoC) .

12|
Page
 Annexur
e-I

For
mat
-A

(
Name&addr
essoft
heVal
uer
)

TO,

NAMEOFTHEBANK

BRANCH:

VALUATI
ONREPORT(
INRESPECTOFLAND/SI
TEANDBUI
LDI
NG)

(
Tobef
il
ledi
nbyt
heAppr
ovedVal
uer
)

I
. GENERAL

1. Pur
posef
orwhi
cht
hev
aluat
ioni
smade

2. a) Dat
eofi
nspect
ion :

b) Dateonwhi
cht
he :
val
uati
oni
smade

3. Li
stofdocument
spr
oducedf
orper
usal

i
) :

i
i
) :

i
i
i) :

4. Nameoftheowner(
s)andhis/t heir :
addr
ess(
es)wit
hPhoneno.( detail
sof
shar
eofeachownerincaseofjoint

13|
Page
 owner
shi
p)

5. Bri
ef descr
ipt
ion of t he proper
ty:
(I
ncl
udi
ngleasehol
d/f
reeholdet
c)

6. Locat
ionofpr
oper
ty

a) Pl
otNo./Sur
veyNo. :

b) DoorNo. :

c) T.S.No./Vi
l
lage :

d) War
d/Tal
uka :

e) Mandal
/Di
str
ict :

7. Post
aladdr
essoft
hepr
oper
ty

8. Ci
ty/Town :

Resi
dent
ial
Area :

Commer
cial
Area :

I
ndust
ri
alAr
ea :

9. Cl
assi
fi
cat
ionoft
hear
ea :

i
) Hi
gh/Mi
ddl
e/Poor :

i
i
) Ur
ban/Semi
Urban/Rur
al :

10 ComingunderCorpor
ati
onli
mit/ :
Vi
ll
agePanchayat/Munici
pal
it
y

11 Whet hercoveredunderanyState/ :
CentralGovt.enact
ment s(e.
g.Urban
LandCei l
ingAct)ornoti
fiedunder
agencyar ea/scheduledarea/
cantonmentar ea

12 Incaseitisanagricul
tural
land,
any :
conversi
ont ohousesiteplot
sis
contemplated

14|
Page
13 Boundar
iesoft
hepr
oper
ty :

Nor
th :

Sout
h :

East :

West :

14. Di
mensi
onsoft
hesi
te : A B
1
Asperthe Act
ual
s
Deed

Nor
th :

Sout
h :

East :

West :

14. Lat
it
ude,
Longi
tudeandCoor
dinat
es :
2 oft
hesit
e

15 Ext
entoft
hesi
te :

16 Ext
entoft
hesiteconsi
der
edf
or :
val
uat
ion(
leastof14A&14B)

17 Whet heroccupi
edbytheowner/ :
tenant?Ifoccupi
edbytenant
,si
nce
howl ong?Rentrecei
vedpermont
h.

I
I. CHARACTERI
STI
CSOFTHESI
TE

1. Cl
assi
fi
cat
ionofl
ocal
i
ty

2. Dev
elopmentofsur
roundi
ngar
eas

3. Possi
bil
i
tyoff
requentf
loodi
ng/sub-
mergi
ng

4. Feasi
bil
i
tytotheCiv
icameni
ti
eslike
school
,hospi
tal
,busst
op,marketet
c.
15|
Page
5. Level
oflandwi
tht
opogr
aphi
cal
condi
ti
ons

6. Shapeofl
and

7. Ty
peofuset
owhi
chi
tcanbeput

8. Anyusager
est
ri
cti
on

9. I
splotint
ownpl
anni
ngappr
oved
l
ayout?

10 Cor
nerpl
otori
nter
mit
tentpl
ot?

11 Roadf
aci
l
iti
es

12 Ty
peofr
oadav
ail
abl
eatpr
esent

13 Wi
dthofr
oad–isi
tbel
ow20f
t.or
mor
ethan20f
t.

14 I
sital
and–l
ockedl
and?

15 Wat
erpot
ent
ial
i
ty

16 Under
groundsewer
agesy
stem

17 I
spowersuppl
yav
ail
abl
eatt
hesi
te?

18 Adv
ant
ageoft
hesi
te

1
.

2
.

19 Specialremarks,ifany,li
ket hr
eatof
acquisi
ti
onofl andforpubli
cser vi
ce
purposes, r oad widening or
appli
cabil
it
y ofCRZ pr ovi
sions etc.
(Di
stancef r
om sea-coast/tidallevel
mustbei ncorporat
ed)
16|
Page
 1
.

2
.

Par
t–A(
Val
uat
ionofl
and)

1. Si
zeofpl
ot

Nor
th&Sout
h

East&West

2. Tot
alext
entoft
hepl
ot

3. Prevail
ing market rat
e( Along with
detail
s/ r
efer
enceofatleasttwol at
est
deals/t
ransacti
ons with r espect to
adjacentproper
tiesi
nthear eas)

4. Guidel
ine rate obt
ained f r
om t he
Regist
rar
’sOffi
ce(anevidencether
eof
tobeenclosed)

5. Assessed/adopt
edr
ateofv
aluat
ion

6. Est
imat
edv
alueofl
and

Par
t–B(
Val
uat
ionofBui
l
ding)

1. Techni
cal
det
ail
soft
hebui
l
ding

a) TypeofBuil
ding(Resi
denti
al/
Commercial/Indust
ri
al)

b) Typeofconst
ruct
ion(Load
bear
ing/RCC/St eel
Framed)

c) Yearofconst
ruct
ion

d) Numberoffl
oorsandheightof
eachf
loori
ncl
udingbasement,i
f
any

17|
Page
 e) Pl
i
nthar
eaf
loor
-wi
se

f
) Condi
ti
onoft
hebui
l
ding

i
) Ext
eri
or–Excel
l
ent
,Good,
Normal,
Poor

i
i
)Infer
ior-Excel
lent
,Good,
Normal,Poor

g) Dateofi
ssueandv
ali
dit
yofl
ayout
ofappr
ovedmap/plan

h) Approv
edmap/pl
ani
ssui
ng
aut
hori
ty

i
) Whethergenui
nenessor YES/NO
aut
henti
cit
yofapprovedmap/
pl
anisveri
fi
ed

j
) Anyothercomment sbyour
empanell
edv aluer
sonaut hent
ic
ofapprovedplan

Speci
fi
cat
ionsofconst
ruct
ion(
fl
oor
-wi
se)i
nrespectof

S. Descr
ipt
ion Gr
ound Other
No. f
loor f
loors

1. Foundat
ion

2. Basement

3. Super
str
uct
ure

4. Joinery / Doors & Windows ( pl

ease
fur
nish detail
s aboutsize offrames,
shutter
s,glazi
ng,fi
tt
ingetc.andspeci
fy
thespeciesoftimber)

18|
Page
S. Descr
ipt
ion Gr
ound Other
No. f
loor f
loors

5. RCCwor
ks

6. Pl
ast
eri
ng

7. Fl
oor
ing,
Ski
rt
ing,
dadoi
ng

8. Speci
alf
ini
shasmarbl
e,gr
ani
te,
wooden
panel
i
ng,gri
l
ls,
etc

9. Roof
ingi
ncl
udi
ngweat
herpr
oofcour
se

10. Dr
ainage

S. Descr
ipt
ion Ground Other
No. fl
oor fl
oors

2. Compoundwal
l :

Hei
ght :

Lengt
h

Ty
peofconst
ruct
ion

3. El
ect
ri
cal
inst
all
ati
on

Ty
peofwi
ri
ng :

Classoff
it
ti
ngs(
super
ior/or
dinar
y/ :
poor)

Numberofl
i
ghtpoi
nts :

Fanpoi
nts :

Spar
epl
ugpoi
nts :

Anyot
heri
tem

19|
Page
 4. Pl
umbi
ngi
nst
all
ati
on

a No.ofwat
ercl
oset
sandt
hei
rty
pe :
)

b No.ofwashbasi
ns :
)

c No.ofur
inal
s :
)

d No.ofbat
htubs :
)

e Wat
ermet
er,
taps,
etc. :
)

f
) Anyot
herf
ixt
ures :

Det
ail
sofv
aluat
ion
Sr
. Par
ti
cular
sof Pl
i
nth Roof Ageof Esti
mated Repl
acement Depr
eci
ati
on Netv alue
no it
em area height buil
ding repl
acement cost Rs. after
. r
ateof depreciati
on
constr
ucti
on Rs. sRs.
Rs.

Gr
oundf
loor

Fi
rstf
loor

Otherf
loor
,if
any

Tot
al

PartC-(
Extr
aIt
ems)
(AmountinRs.
)

20|
Page
1. Por
ti
co :

2. Or
nament
alf
rontdoor :

3. Si
tout/Ver
andahwi
thst
eel :
gr
il
ls

4. Ov
erheadwat
ert
ank :

5. Ext
rast
eel
/col
l
apsi
ble :
gat
es

Tot
al :

PartD-(
Ameniti
es)
(AmountinRs.
)

1. War
drobes :

2. Gl
azedt
il
es :

3. Ext
rasi
nksandbat
htub :

4. Marbl
e/cer
ami
cti
l
es :
f
loori
ng

5. I
nter
iordecor
ati
ons :

6. Ar
chit
ect
ural
elev
ati
on :
works

7. Panel
i
ngwor
ks :

8. Al
umi
num wor
ks :

9. Al
umi
num handr
ail
s :

10.Fal
secei
l
ing :

Tot
al

21|
Page
PartE-(
Miscel
l
aneous)
(AmountinRs.
)

1. Separ
atet
oil
etr
oom :

2. Separ
atel
umberr
oom :

3. Separ
atewat
ert
ank/sump :

4. Tr
ees,
gar
deni
ng :

Tot
al

PartF-(
Serv
ices)
(AmountinRs.)

1. Wat
ersuppl
yar
rangement
s :

2. Dr
ainagear
rangement
s :

3. Compoundwal
l :

4. C.B.deposi
ts,
fit
ti
ngset
c. :

5. Pav
ement :

Tot
al :

Tot
alabst
ractoft
heent
ir
epr
oper
ty

Par
t-A Land : Rs.

Par
t-B Bui
l
ding : Rs.

Par
t-C Ext
raI
tems : Rs.

Par
t-D Ameni
ti
es : Rs.

Par
t-E Mi
scel
l
aneous : Rs.

22|
Page
Par
t-F Ser
vices : Rs.

Tot
al : Rs.

Say : Rs.

(Valuat
ion:Heret he approved v
aluershoul d di
scuss i
n detai
lhis
approacht oval
uati
onofpr oper
tyandi ndi
catehow theval
uehasbeen
arr
ivedat,suppor
tedbynecessarycalculat
ions.Al
so,suchaspect
sasi)
Salabil
i
tyii)Li
kel
yrentalval
uesinfutureiniii
)Anyli
kelyi
ncomei tmay
generate,maybediscussed).

Phot
ographofowner
/repr
esent
ati
vewi
thpr
oper
tyi
nbackgr
oundt
obe
encl
osed.

Scr
eenshotofl ongit
ude/ l
ati
tudeandco-
ordi
nat
esofpr
oper
tyusi
ng
GPS/Var
iousApps/I
nternetsit
es

Asaresultofmyappr aisalandanal y
sis,iti
smyconsi deredopini
onthat
thepresentfairmar ketv alueoft heabov epropertyinthepr evai
li
ng
condi
ti
on wi th aforesaid specificati
ons i s Rs. ____
_ _
___( Rupees
___
______
_____only).Thebookv al
ueoft heabov eproper
tyasof_ _____
_
i
sRs._ ______
__( Rupees_ ___
__________
_ __
_____only)andt hedistr
ess
val
ueRs._ _
______
_ _
_ _(Rupees_ __
__ _
_________
______
_only).

Pl
ace:

Dat
e:

Si
gnat
ure

(
NameandOff
ici
al
seal
oft
heAppr
ovedVal
uer)

Theunder
signedhasinspect
edthepropert
ydet
ail
edi
nt heValuat
ion
Repor
tdat
ed_ ___
___
______on__
____
______
_.Wearesat
isfi
edthatthe

23|
Page
f
airandreasonabl
emarketv
alueoft
hepr
oper
tyi
sRs._
___
___
__(
Rupees
_
______
______
___only
).

Si
gnat
ure

(Nameoft
heBr anch
Managerwi
thOf
fi
cial
seal)

Dat
e:

Encl
:

1.Decl
arat
ionf
rom theval
ueri
nFormatE( AnnexureI
I)
2.Modelcodeofconductf
orval
uer(AnnexureII
I)

24|
Page
 For
mat
-B

(
Name&addr
essofVal
uer
)

NAMEOFTHEBANK

BRANCH:

VALUATI
ONREPORT(
INRESPECTOFAGRI
CULTURALLANDS)

(
Tobef
il
ledi
nbyt
heAppr
ovedVal
uer
)

I
. GENERAL

1. Pur
posef
orwhi
cht
hev
aluat
ioni
smade

2. a) Dat
eofi
nspect
ion :

b) Dat
eonwhi
cht
hev
aluat
ioni
s :
made

3. Li
stofdocument
spr
oducedf
orper
usal

i
) :

i
i
) :

4. Name oft he owner

(s)and his /thei
r:
addr
ess( es)wit
h Phoneno.(detai
l
sof
shar
e ofeach owneri n case ofjoi
nt
ownershi
p)

5. Br
iefdescr
ipt
ionoft
hepr
oper
ty :

6. Locat
ionofpr
oper
ty

a) Pl
otNo./Sur
veyNo. :

b) DoorNo. :

c) T.S.No./Vi
l
lage :

d) War
d/Tal
uka :

e) Mandal
/Di
str
ict :

25|
Page
7. Post
aladdr
essoft
hepr
oper
ty

8. ComingunderCor
por
ati
onl
i
mit/Vi
l
lage :
Panchay
at/Muni
ci
pal
it
y

9. Whethercov er
edunderanySt at
e/Central :
Govt.enactments(e.g.Ur
banLandCei l
i
ng
Act) or notif
ied under agency ar
ea /
scheduledarea/cantonmentarea

10. Is any conver

sion t
o house si
te pl
ots :
comtemplated?

11. Boundar
iesoft
hepr
oper
ty :

Nor
th :

Sout
h :

East :

West :

12. Di
mensi
onsoft
hesi
te : A B

Asperthe Act
ual
s
Deed

Nor
th :

Sout
h :

East :

West :

13 Ext
entoft
hesi
te :

13.
a Lat
it
ude,
Longi
tudeandCoor
dinat
esoft
he
si
te

14 Extentoft
hesi
teconsi
der
edf
orv
aluat
ion :
(l
eastof12A&12B)

15 Whet
heroccupiedbyt heowner/lessee? :
I
fcul
ti
vatedbylessee,si
ncehowlongand
t
ypeoftenancyagreement?

16 I
ncomer
ecei
ved(
pery
ear
) : Rs.

26|
Page
I
I. CHARACTERI
STI
CSOFTHESI
TE :

1. Whetherthelandunderconsi
der
ati
oni
s :
sui
tabl
eforcul
ti
vat
ion

2. I
rr
igati
onf
aci
l
iti
es–canal/wel
l/bor
e/ :
r
ain-
fed

3. Possi
bil
i
ty off
requentf
loodi
ng / sub- :
mergi
ng

4. Level of land wi
th t
opogr
aphi
cal :
condi
ti
ons.

5. Shapeofl
and :

6. I
sitaLand–l
ockedl
and? :

7. Whet
heranycot
tages/bui
l
dingsexi
sti
n :
t
heLand?

8. Whet
herf
enci
ngandgat
esar
ear
ranged? :

9. Gener
alcondi
ti
onsoft
hel
and :

10. Qual
i
tyofsoi
loft
hesand :

11. Whethert
hel andissi
tuat
edonaMai n/ :
Nat
ionalHighwayRoad?I fnot
,di
stance
f
rom theMain/HighwayRoad.

12. Ty
pesofcr
opsgr
own :

13. Wat
ersuppl
y&el
ect
ri
ci
tyf
aci
l
iti
es. :

14. Adv
ant
ageoft
hesi
te :

1. :

2. :

15. Di
sadv
ant
agesoft
hel
and :

1. :

2. :

16. Specialremarks,ifany,li
ke thr
eatof :
acquisi
ti
on of land f
or publ
i
c serv i
ce
purposes,r
oadwideni
ngorappl
icabi
li
tyof

27|
Page
 CRZ provi
sionsetc.(
Dist
ancef r
om sea-
coast/ti
dallev
elmustbeincor
porat
ed)

I
II
.VALUATI
ONOFAGRI
CULTURALLAND

1. Si
zeofl
and :

Nor
th&Sout
h :

East&West :

2. Tot
alext
entoft
hel
and :

3. Prevail
ingmarketrate(peracre)(
Alongwith : Rs.
detail
s/ refer
ence of at l
east t
wo l at
est
deals/t
ransacti
onswi t
hr espectt
oadjacent
properti
esintheareas)

4. Gui
deli
nerat
eobtainedfr
om theRegi
str
ar’
s :
Off
ice/MandalRevenueoff
ice(
anevi
dence
t
hereoft
obeenclosed)

5. Assessed/adopt
edr
ateofv
aluat
ion : Rs.

6. Est
imat
edv
alueofl
and : Rs.

(Valuati
on:Her e,the approved val
uershould di
scuss i
n detailhi
s approach to
valuati
onofpr opertyandi ndi
cat
ehow thev al
uehasbeenar ri
v edat,supportedby
necessarycalculat
ions.Also,suchaspectsasi)Salabil
i
tyii
)likelyr
entalvaluesin
fut
ur eandii
i
)anyl i
kelyincomeitmaygenerat
emaybedi scussed).

Phot
ogr
aphofowner
/repr
esent
ati
vewi
thpr
oper
tyi
nbackgr
oundt
obeencl
osed.

Scr
eenshotofl ongi
tude/
lat
it
udeandco-
ordi
nat
esofpr
oper
tyusi
ngGPS/
Var
ious
Apps/
Int
ernetsi
tes

28|
Page
Asar esultofmyappr aisalandanalysis,i
tismyconsi deredopini
onthatthepresent
fairmar ketv al
ueoftheabov epropertyintheprevail
ingconditi
onwithaforesai
d
specificationsisRs.--
--
---
--
--
--
-(Rupees- -
--
--
--
--
---
--
--
--
--only)
.Thebookv al
ueoft he
abov epr opertyasof---
--
---
--
--
-isRs.--
--
---
--
--
---
--
--
-(Rupees- -
--
--
--
--
--
--
--
--
--
--
-only)andthe
distr
essv alueRs.-
---
--
--
---
--
--
--
--
-(Rupees- -
--
--
--
---
--
--
--
---
--
--
--only
)

Si
gnat
ure

(
NameandOf
fi
cial
Seal
of

t
heAppr
ovedVal
uer
)

Theundersignedhasinspectedthepropert
ydetail
edintheValuat
ionReportdat
ed--
--
-
-
---
--
--
--
-on----
--
--
--
--
--
--
--
-.Wear esati
sfi
edthatthefai
randreasonablemarketval
ueof
theproper
tyisRs.---
--
--
--
--
--
--
--(Rupees--
--
--
--
--
--
--
--
--
--
--
--
--
--
--onl
y)

Si
gnat
ure

(
Nameoft
heBr
anch

Managerwi
thOf
fi
ceSeal
)

Dat
e:

Encl
:

1.Decl
arat
ionf
rom theval
ueri
nFormatE( AnnexureI
I)
2.Modelcodeofconductf
orval
uer(AnnexureII
I)

29|
Page
 For
mat
-C

(
Name&addr
essoft
heVal
uer
)

TO,

NAMEOFTHEBANK

BRANCH:

VALUATI
ONREPORT(
INRESPECTOFFLATS)

(
Tobef
il
ledi
nbyt
heAppr
ovedVal
uer
)

I
. GENERAL

1. Pur
posef
orwhi
cht
hev
aluat
ioni
smade

2. a) Dat
eofi
nspect
ion :

b) Dat
eonwhi
cht
hev
aluat
ioni
smade :

3. Li
stofdocument
spr
oducedf
orper
usal

i
) :

i
i
) :

i
i
i) :

4. Name of t he owner
(s) and hi
s /t hei
r:
addr
ess (es)wi t
h Phone no.(det
ail
s of
shar
e of each owner in case of joi
nt
ownershi
p)

5. Br
iefdescr
ipt
ionoft
hepr
oper
ty :

6. Locat
ionofpr
oper
ty

a) Pl
otNo./Sur
veyNo. :

b) DoorNo. :

30|
Page
 c) T.S.No./Vi
l
lage :

d) War
d/Tal
uka :

e) Mandal
/Di
str
ict :

f
) Dateofissueandval
i
dit
yofl
ayoutof
approv
edmap/pl an

g) Appr
ovedmap/pl
ani
ssui
ngaut
hor
it
y

h) Whethergenui
nenessoraut
henti
cit
yof YES/NO
appr
ovedmap/pl anisver
if
ied

i
) Anyothercomment
sbyour
empanell
edval
uer
sonauthent
icof
appr
ovedplan

7. Post
aladdr
essoft
hepr
oper
ty

8. Ci
ty/Town :

Resi
dent
ial
Area :

Commer
cial
Area :

I
ndust
ri
alAr
ea :

9. Cl
assi
fi
cat
ionoft
hear
ea :

i
) Hi
gh/Mi
ddl
e/Poor :

i
i
) Ur
ban/Semi
Urban/Rur
al :

10 Coming underCor
porat
ion l
i
mit/Vi
l
lage :
Panchay
at/Munici
pal
i
ty

11 WhethercoveredunderanySt ate/Cent
ral :
Govt.enact
ment s(e.
g.UrbanLandCei l
i
ng
Act) or noti
fied under agency ar
ea /
schedul
edarea/cantonmentar ea

12 Boundar
iesoft
hepr
oper
ty :

Nor
th :

Sout
h :

31|
Page
 East :

West :

13 Di
mensi
onsoft
hesi
te : A B

Asperthe Act
ual
s
Deed

Nor
th :

Sout
h :

East :

West :

14 Ext
entoft
hesi
te :

14. Lat
it
ude,
Longi
tude&Co-
ordi
nat
esoff
lat
1

15 Extentofthesi
teconsi
der
edf
orv
aluat
ion :
(l
eastof13A&13B)

16 Whetheroccupi
edbytheowner/tenant
?If:
occupiedbytenant
,sincehow l
ong?Rent
recei
vedpermonth.

I
I. APARTMENTBUI
LDI
NG

1. Nat
ureoft
heApar
tment :

2. Locat
ion :

T.
S.No. :

Bl
ockNo. :

War
dNo. :

Vi
l
lage/Muni
cipal
i
ty/Cor
por
ati
on :

DoorNo.
,St
reetorRoad(
PinCode) :

3. Descr
ipt
ionofthelocal
i
tyResi
dent
ial
/ :
Commercial/Mixed

4. YearofConst
ruct
ion :

32|
Page
5. NumberofFl
oor
s :

6. Ty
peofSt
ruct
ure :

7. NumberofDwel
l
inguni
tsi
nthebui
l
ding :

8. Qual
i
tyofConst
ruct
ion :

9. Appear
anceoft
heBui
l
ding :

10 Mai
ntenanceoft
heBui
l
ding :

11 Faci
l
iti
esAv
ail
abl
e :

Li
ft :

Pr
otect
edWat
erSuppl
y :

Under
groundSewer
age :

CarPar
king-Open/Cov
ered :

I
sCompoundwal
lexi
sti
ng? :

I
spav
ementl
aidar
oundt
heBui
l
ding :

I
II FLAT :

1 Thef
looronwhi
cht
hef
lati
ssi
tuat
ed :

2 DoorNo.oft
hef
lat :

3 Speci
fi
cat
ionsoft
hef
lat :

Roof :

Fl
oor
ing :

Door
s :

Wi
ndows :

Fi
tt
ings :

Fi
nishi
ng :

4 HouseTax :

AssessmentNo. :

33|
Page
 Taxpai
dint
henameof :

Taxamount : Rs.

5 El
ect
ri
cit
ySer
viceConnect
ionno. :

Met
erCar
disi
nthenameof :

6 Howi
sthemai
ntenanceoft
hef
lat
? :

7 Sal
eDeedexecut
edi
nthenameof :

8 Whatist
heundi
vi
dedar
eaofl
andasperSal
e :
Deed?

9 Whati
sthepl
i
nthar
eaoft
hef
lat
? :

10 Whati
sthef
loorspacei
ndex(
app.
) :

11 Whati
stheCar
petAr
eaoft
hef
lat
? :

12 I
sitPosh/Icl
ass/Medi
um /Or
dinar
y? :

13 I
sitbei
ngusedf
orResi
dent
ial
orCommer
cial :
pur
pose?

14 I
sitOwner
-occupi
edorl
etout
? :

15 I
frent
ed,
whati
sthemont
hlyr
ent
? :

I
V MARKETABI
LITY

1 Howi
sthemar
ket
abi
l
ity
? :

2 Whatarethefact
orsf
avour
ingf
oranext
ra :
Pot
ent
ialVal
ue?

3 Any negat
ivef act
ors ar
e observed whi
ch :
af
fectt
hemar ketval
ueingener
al?

V Rat
e :

1 After anal yzi

ng t he compar able sal e :
i
nst ances,whati st hecomposi ter at
ef ora
si
mi larf l
atwi t
hsamespeci fi
cati
onsi nt he
adjoining locali
ty? -( Along wi t
h det ail
s
/r
ef erence of at least t wo l atest
deals/ t
ransacti
onswi t
hr espectto adjacent
proper ti
esintheareas)

34|
Page
2 Assumi ngiti
sanewconst ructi
on,whati
sthe :
adopted basic compositer at
e oft he f
lat
underv al
uat
ion aft
ercompar i
ng withthe
speci
ficati
onsandot hefactorswiththeflat
undercompar i
son(givedet
ails)
.

3 Br
eak-upf
ort
her
ate :

i
) Bui
l
ding+Ser
vices :

i
i
) Land+Ot
her
s :

4 Gui
del
i
ner at
eobtai
nedfrom t
heRegistr
ar'
s :
of
fi
ce(anevi
dencet
her
eoftobeencl
osed)

VI COMPOSI
TERATEADOPTEDAFTERDEPRECI
ATI
ON

a. Depr
eci
atedbui
l
dingr
ate :

Repl
acementcostoff
latwi
thSer
vices(
v(3)
i) : Rs.

Ageoft
hebui
l
ding :

Li
feoft
hebui
l
dingest
imat
ed :

Depreci
ati
onpercent
ageassumi
ngt
he :
sal
vagevalueas10%

Depr
eci
atedRat
iooft
hebui
l
ding : Rs.

b. Tot
alcomposi
ter
atear
ri
vedf
orv
aluat
ion :

Depr
eci
atedbui
l
dingr
ateVI(
a) : Rs.

Rat
eforLand&ot
herV(
3)i
i : Rs.

Tot
alComposi
teRat
e : Rs.

Det
ail
sofVal
uat
ion:

Sr
. Descr
ipt
ion Qt
y. Rat
eperuni
t Est
imatedVal
ue
No Rs. Rs.
.

1 Presentval
ue ofthe f
lat(
incl
.
carparki
ng,
ifpr
ovi
ded)

35|
Page
2 War
drobes

3 Showcases

4 Ki
tchenAr
rangement
s

5 Super
fi
neFi
nish

6 I
nter
iorDecor
ati
ons

7 El
ectri
city deposi
ts /el
ect
ri
cal
fi
tt
ings,etc.
,

8 Ext
ra col
lapsi
ble gat
es / gr
il
l
workset
c.,

9 Pot
ent
ial
val
ue,
ifany

10 Ot
her
s

Tot
al

(Valuati
on:Her e,theappr ovedv al
uershoulddiscussi ndetailshisappr oachto
valuati
onofpr opertyandi ndicatehow thevaluehasbeenar r
ivedat,suppor t
edby
necessarycal culati
on. Al so,suchaspect sasi mpendingt hr
eatofacqui siti
onby
gov er
nmentf orr oadwi dening/publ i
cservi
cepur poses,submer gi
ng&appl icabi
l
ity
ofCRZpr ov
isions( Di
stancef rom sea-
coast/t i
dallevelmustbei ncorpor
ated)and
theireff
ectoni )salabi
lit
yi i
)likel
yrentalv
alueinf utur
eandi i
i)anylikel
yincomei t
maygener atemaybedi scussed) .

Phot
ogr
aphofowner
/repr
esent
ati
vewi
thpr
oper
tyi
nbackgr
oundt
obeencl
osed.

Scr
eenshotofl ongi
tude/
lat
it
udeandco-
ordi
nat
esofpr
oper
tyusi
ngGPS/
Var
ious
Apps/
Int
ernetsi
tes

Asar esultofmyappr ai
salandanal
ysis,i
tismyconsideredopini
ont hatthepr
esent
fai
rmar ketv al
ueoft heabov epr
opertyinthepr ev
ail
i
ngcondi ti
onwi thaforesai
d
specif
icat
ionsisRs. _
___
______
_(Rs.
_______
_____
_____
____
_ _onl
y).Thebookv alueof
the abov e pr oper
ty as of _ _
__ _
_____
_ i s Rs. _ ___
_ _
________ (Rupees
____
_________
_ _
______
___
_____
___only)andt hedistr
essv al
ueRs. __
_ _
____(Rupees
____
_________
_ _
______
___
_____
___onl
y).

Pl
ace:

36|
Page
Dat
e:

Si
gnat
ure

(
NameandOf
fi
cial
Seal

oft
heAppr
ovedVal
uer
)

Theundersi
gnedhasi nspectedtheproper
tydetai
ledintheValuati
onRepor tdated
___
___
______on____
_________
_ _
.Wear esat
ifi
edthatthefai
randr easonabl
emar ket
val
ueoftheproper
tyisRs.________
___
_(Rs.____
_ _
_____
____
___
__ _
__only).

Dat
e:

Si
gnat
ure

(
Nameoft
heBr
anchManagerwi
thof
fi
ceSeal
)

Encl
:

1.Decl
arat
ionf
rom theval
ueri
nFormatE( AnnexureI
I)
2.Modelcodeofconductf
orval
uer(AnnexureII
I)

37|
Page
 For
mat–D

(
Name&Addr
essofVal
uer
)

VALUATI
ONREPORT

(
INRESPECTOFPLANT&MACHI
NERY)

NAMEOFACCOUNT_
___
___
___
___
___
_,

_
___
___
___
___
___
___
__BRANCH

(
Tobef
il
ledi
nbyt
heAppr
ovedVal
uer
)

GENERAL

1. Locat
ion of f
act
ory
/ wor
ks/
premi
ses

2. Pur
posef
orwhi
cht
hev
aluat
ioni
s
made

3. Dat
eofi
nspect
ion

4. Basi
s ofv
aluat
ion/assumpt
ions
made

a)I
ndi
genousmachi
nes

b)I
mpor
tedmachi
nes

5. Det
ail
softhechar
gescr
eat
edon
t
heasset
s

Sr
. Descr
ipt
io Nameof Sr
.No.of Year Conditi
onof Quant
i Techni
cal Residual Pur
ch Fair WDV Dist
r Likel
N nof Manufac Machi
ne/ of the t
y speci
fi
cati
on l
ifeof ase marke as ess y
o Machi
nery tur
er/ Model Mak Machine/ ofmachine the Val
ue tvalue on Valu repl
Suppl
ier No.
/ e Maintenanc vi
z machine 31.
0 e ace
I
denti
fi
cat e(New/Ol d/ 3…. men
i
onMar k) Reconditi
on 1.TagNo. t
ed) 2.Capaci
ty cost
3.RPM et
c
1. Mai
nPlant
&
Machi
nery

2. Ut
il
it
ies&

38|
Page
 Services
(i
ncluding
pi
pe
fi
tti
ngs&
i
nsulat i
ons
etc)

3. Fi
xtures,
Tools&
other
i
nstrument
s

4. Other
Miscel
lane
ousFixed
Assets

Remar
ks,
ifany
:

Phot
ogr
aphofowner
/repr
esent
ati
vewi
thmachi
nest
obeencl
osed.

Under
taki
ngs:

1.Thi
sistocer
ti
fythatthefairmarketv
alueoftheasset
s(Pl
ant&Machiner
y)of
manufact
uri
ngunitofM/ s.……………..Address……………….asperourdet
ail
edappraisal
and
anal
ysi
sisamountingtoRs………( I
nwor dsandfigur
es)
.Thi
sshoul
dbeconsideredastr
ue
andfai
r.

2.Theinfor
mati
ongiveninthi
srepor
tiscor
rect&t
rueandIhav
enodi
rectori
ndi
rect
i
nteresti
ntheasset
sv al
ued.

3.Ihav
eper
sonal
l
yinspect
edt
heuni
ton……(
Dat
e)

4.All
theabov emachinesarei
nst
all
edattheuni
tandf
oundtobei
nworki
ng/runni
ng
condi
tion.Ihaveexer
cisedduedi
l
igencei
nfurni
shi
ngt
heabovei
nfor
mati
on.

Dat
e:

Pl
ace:

39|
Page
 Si
gnat
ure

(
NameandOf
fi
cialsealoft
heappr
ovedVal
uer
)

Encl
:

1.Decl
arat
ionf
rom theval
ueri
nFormatE( AnnexureI
I)
2.Modelcodeofconductf
orval
uer(AnnexureII
I)

Annexur
e-I
I

For
mat-E

DECLARATI
ONFROM VALUERS

Iher
ebydecl
aret
hat
-

a. Theinfor
mationfur
nishedi
nmyv al
uat
ionr
eportdat
ed--
--
--
--
--
--
--
--
-ist
rueand
cor
recttothebestofmyknowl edgeandbeli
efandIhavemadeani mpart
ial
andtrueval
uati
onoftheproper
ty.

b. Ihav
enodi
rectori
ndi
recti
nter
esti
nthepr
oper
tyv
alued;

c. Ihaveper
sonal
l
yinspectedt
hepr oper
tyon--
--
--
--
--
--
--
--
--
--
--
--
--Thewor
kisnot
sub-
cont
ract
edtoanyotherv
aluerandcar
ri
edoutbymy self
.

d. Ihav
e notbeen conv
ict
ed ofanyof
fence and sent
enced t
oat
erm of
I
mpri
sonment
;

e. Ihav
enotbeenf
oundgui
l
tyofmi
sconducti
nmypr
ofessi
onal
capaci
ty.

f
. Ihavereadt heHandbookonPol
icy,Standardsandprocedur
ef orRealEst
ate
Valuati
on,2011oftheIBAandthisreportisinconf
ormitytothe“Standar
ds”
enshri
nedf orval
uat
ionint
hePart
-Boft heabovehandbookt othebestofmy
abil
it
y.

40|
Page
g. Ihav er ead the Int
ernati
onalValuati
on Standards (
IVS)and the r
epor
t
submi t
tedtotheBankf ortherespecti
veassetclassisinconf
ormit
ytothe
“Standards”asenshrinedforvaluat
ionintheIVSin“GeneralSt
andar
ds”and
“AssetStandards”asappli
cable.

h. IabidebytheModelCodeofConductf
orempanel
mentofval
uerint
heBank.
(Annexur
eI I
I-Asi
gnedcopyofsamet obetakenandkeptalongwit
hthi
s
declar
ati
on)

i
. Iam r
egi
ster
edunderSect
ion34ABoft
heWeal
thTaxAct
,1957.

j
. Iam t
hepr opr
ietor/par
tner/aut
hor
izedof
fi
cial
oft
hef
ir
m /company
,whoi
s
competenttosignthi
svaluat
ionr
eport
.

k. Fur
ther
,Iher
ebypr
ovi
det
hef
oll
owi
ngi
nfor
mat
ion.

Sl Par
ti
cul
ars Val
uercomment
No.

1 background i
nformat
ion of t
he
assetbeingv
alued;

2 purpose of v aluat
ion and
appoint
ingaut
hor
it
y

3 i
dent i
ty ofthe valuerand any
other exper
ts involved i
n the
valuat
ion;

4 di
scl
osure ofval
ueri
nter
estor
conf
li
ct,
ifany
;

5 dat
e of appoi
ntment,val
uat
ion
dat
eanddateofrepor
t;

6 i
nspecti
onsand/
ori
nvest
igat
ions
under
taken;

7 nat
ure and sources of the
i
nfor
mati
onusedorrel
i
edupon;

8 procedures adopted i
n carry
ing
outt he valuat
ion and v
aluat
ion
standardsfoll
owed;

9 rest
ri
cti
onsonuseoft
her
epor
t,i
f
any;

10 maj
orf
act
orst
hatwer
etakeni
nto

41|
Page
 accountdur
ingt
hev
aluat
ion;

11 majorfact
orsthatwer
etakenint
o
accountduri
ngtheval
uat
ion;

12 Cav eats, l
i
mitati
ons and
disclai
mer st othe extent they
explainoreluci
dat
et heli
mitati
ons
facedbyv aluer
,whichshallnotbe
fort he purpose ofl i
miti
ng his
responsibil
i
tyf or the valuati
on
report.

Dat
e:

Pl
ace:

Si
gnat
ure

(
Nameoft
heAppr
ovedVal
uerandSealof
theFi
rm /Company)

ANNEXURE–I
II

MODELCODEOFCONDUCTFORVALUERS

{
Adopt
edi
nli
newi
thCompani
es(
Regi
ster
edVal
uer
sandVal
uat
ionRul
es,
2017)
}

Allval
uersempanel
l
edwi
thbankshal
lst
ri
ctl
yadher
etot
hef
oll
owi
ngcodeof
conduct
:

42|
Page
I
ntegr
it
yandFai
rness

1.Aval
uershal
l,
int
heconductofhi
s/i
tsbusi
ness,f
oll
owhighstandar
dsofi
ntegr
it
y
andf
air
nessinal
lhi
s/i
tsdeal
i
ngswithhi
s/i
tscl
ient
sandotherval
uers.

2.Aval
uershal
lmaint
aini
ntegr
it
ybybei
nghonest
,st
rai
ght
for
war
d,andf
ort
hri
ghti
n
al
lpr
ofessi
onal
rel
ati
onshi
ps.

3.A val
uershal
lendeavourto ensur
ethathe/
itprovi
des t
rue and adequat
e
i
nfor
mati
onandshal
lnotmisr
epr
esentanyf
act
sorsi
tuat
ions.

4.Aval
uershallr
efr
ainf
rom bei
ngi
nvol
vedi
nanyact
iont
hatwoul
dbr
ingdi
sreput
e
tot
heprof
ession.

5Av
aluershal
lkeeppubl
i
cint
erestf
oremostwhi
l
edel
i
ver
inghi
sser
vices.

Pr
ofessi
onal
Compet
enceandDueCar
e

6.Avaluershallr
enderatal
lti
meshighstandardsofserv
ice,
exer
ciseduedi
l
igence,
ensur
epr opercar
eandexerci
seindependentpr
ofessi
onalj
udgment.

7.A valuershallcarr
youtpr of
essionalser
vicesi
naccor
dancewit
htherel
evant
techni
calandprofessi
onal
standardsthatmaybespeci
fi
edf
rom t
imetot
ime

8.Av al
uershallconti
nuouslymaintai
npr ofessi
onalknowledgeandskil
ltoprov
ide
competentprofessionalservi
ce based on up-to-dat
e development
sin pract
ice,
prev
ail
ingr
egulati
ons/ gui
del
i
nesandt echniques.

9.Inthepreparat
ionofavaluationreport,t
hev aluershal
lnotdiscl
aimliabi
l
ityf
or
hi
s/it
s expert
ise ordeny hi
s/ i
ts duty ofcar e,exceptt othe extentthatthe
assumpti
onsar ebased onst atementsoff actprovided byt
hecompanyori ts

43|
Page
audit
orsorconsul
tant
sori
nfor
mat
ionav
ail
abl
einpubl
i
cdomai
nandnotgener
ated
bytheval
uer.

10.A v
aluershal
lnotcar
ryoutanyi
nstructi
onoftheclientinsof
arast heyar
e
i
ncompati
blewit
hther
equi
rement
sofi
ntegri
ty,
obj
ect
ivi
tyandindependence.

11.Av al
uershal
lclear
lystat
etohiscli
entt
heser
vicest
hathewouldbecompetent
to provideandt heservicesforwhichhewouldber ely
ingonot herval
uer
sor
professional
sorf orwhichthecli
entcanhaveaseparat
earrangementwit
hother
valuers.

I
ndependenceandDi
scl
osur
eofI
nter
est

12.Av al
uershal
lactwithobj
ecti
vi
tyinhis/
it
spr of
essionaldeal
i
ngsbyensuri
ngt hat
hi
s/i
tsdecisionsaremadewi t
houtthepresenceofanybi as,conf
li
ctofinter
est,
coer
cion,orundueinf
luenceofanypart
y,whetherdir
ectl
yconnectedtothev
aluation
assi
gnmentornot .

13.Av aluershal
lnottakeupanassi
gnmentifhe/i
toranyofhi
s/i
tsr
elat
ivesor
associ
atesisnoti
ndependenti
nter
msofassoci
ati
ontot
hecompany.

14.A v aluer shal

lmai nt
ain compl
eteindependence i
n his/i
ts prof
essi
onal
rel
ati
onshipsandshallconductt
heval
uati
oni
ndependentofext
ernali
nfl
uences.

15.Av al
uershal
lwher
ev ernecessar
ydiscl
oset othecl
ient
s,possi
blesour
cesof
conf
li
ctsofdut
iesandi
nterest
s,whil
eprovi
dingunbi
asedserv
ices.

16.Av al
uershallnotdealinsecur
it
iesofanysubjectcompanyafteranytimewhen
he/i
tfir
stbecomesawar eofthepossibi
l
ityofhi
s/i
tsassoci
ati
onwi ththevaluati
on,
andinaccor dancewiththeSecuri
ti
esandExchangeBoar dofI ndia(Prohi
biti
onof
I
nsiderTrading)Regulati
ons,2015ort il
ltheti
met heval
uati
onr eportbecomes
publi
c,whicheveri
searl
ier.

44|
Page
17.A valuershal
lnotindul
gein“mandatesnatchi
ng”orof
fer
ing “
conv
eni
ence
val
uat
ions”inor
dertocat
ertoacompanyorcl
i
ent’
sneeds.

18.Asanindependentval
uer,t
hev al
uershal
lnotchargesuccessfee(
Successfees
maybedefinedasacompensat ion/incenti
vepai
dt oanyt hi
rdpar
tyf
orsuccessf
ul
cl
osureoft
ransacti
on.I
nthiscase,appr
ovalofcr
editproposal
s).

19.Inanyfair
nessopini
onori ndependentexper
topi
nionsubmi t
tedbyav al
uer,i
f
ther
ehasbeenapr i
orengagementi nanunconnect
edt r
ansact
ion,thev
aluershal
l
decl
aretheassoci
ati
onwiththecompanydur i
ngthel
astfi
veyears.

Conf
ident
ial
i
ty

20.A v aluershallnotuse ordivulge t

o othercl
ient
s oranyot herpart
yany
confi
denti
alinformati
onaboutthesubj ectcompany,whichhascomet ohis/i
ts
knowledge withoutproperand specif
ic aut
hori
tyorunless t
her
ei sal egalor
prof
essionalri
ghtordutytodi
scl
ose.

I
nfor
mat
ionManagement

21.Avaluershallensuret
hathe/itmaint
ainswrit
tencontemporaneousr ecordsfor
anydecisi
ont aken,thereasonsfortaki
ngt hedecisi
on,andthei nformationand
evi
denceinsuppor tofsuchdecisi
on.Thi
sshallbemai nt
ainedsoast osuffici
ent
ly
enabl
ear easonable per
son totake a view on t
he appropr
iateness ofhi s/i
ts
deci
si
onsandact i
ons.

22.A v al
uershal lappear,co-
operat
e and be avail
ablefori nspect
ions and
i
nv estigati
onscar r
iedoutbytheauthor
it
y,anypersonauthori
sedbyt heauthori
ty,
the registered val
uers or
gani
sat
ion wi
th whi
ch he/i
tisr egi
ster
ed oranyot her
statutoryregulat
orybody.

23.Av al
uershallprovi
deallinformationandr ecordsasmayber equir
edbythe
aut
hori
ty,theTri
bunal,Appell
ateTribunal,theregi
ster
edv al
uersor
ganisati
onwi
th
whichhe/i
tisr
egist
ered,oranyotherstatutoryr
egul
atorybody.
45|
Page
24.Av al
uerwhi lerespect i
ngt heconf identi
ali
tyofinfor
mat i
onacqui r
eddur i
ngt he
courseofper f
or mingpr ofessionalservices,shal
lmaintai
nproperwor kingpapersfor
aper i
odoft hreey earsorsuchl ongerper i
odasr equi
redini
tscontractf oraspecifi
c
val
uation,forpr oduct i
onbef orear egulator
yaut hor
it
yorf orapeerr evi
ew.Int he
eventofapendi ngcasebef or
et heTr i
bunalorAppel l
ateTri
bunal
,ther ecordshallbe
maintainedtil
lthedi sposaloft hecase.

Gi
ft
sandhospi
tal
i
ty:

25.Aval
uerorhi
s/it
srelat
iveshal
lnotacceptgi
ft
sorhospi
tal
i
tywhi
chunder
mines
oraf
fect
shisi
ndependenceasav al
uer
.

Expl
anati
on.
─ Fort
hepurposesoft
hiscodethet
erm‘r
elat
ive’shal
lhavethesame
meaningasdefi
nedincl
ause(77)ofSect
ion2oftheCompani esAct
,2013(18of
2013)
.

26.Avaluershal
lnotoff
ergif
tsorhospi
tal
i
tyorafinanci
aloranyotheradvant
aget
o
apubli
cservantoranyotherper
sonwi t
hav i
ewtoobt ai
norretai
nwor kforhi
msel
f/
i
tsel
f,ortoobtai
norr et
ainanadvantageintheconductofprofessi
onforhimsel
f/
i
tsel
f.

Remuner
ati
onandCost
s.

27.A v aluershal
lprovide servi
ces f
orr emuner
ati
on which i
s char
ged ina
tr
ansparentmanner
,isar easonabl
erefl
ect
ionoftheworknecessar
il
yandproper
ly
under
taken,andi
snotinconsist
entwit
htheappli
cabl
erul
es.

28.A v al
uershal
lnotacceptanyfeesorchar
gesothert
hanthosewhichare
discl
osedinawr i
ttencont
ractwi
ththeper
sontowhom hewouldberender
ing
servi
ce.

Occupat
ion,
empl
oyabi
l
ityandr
est
ri
cti
ons.

29.Aval
uershal
lref
rai
nfrom accept
ingt
oomanyassi
gnment
s,i
fhe/
iti
sunl
i
kel
yto
beabl
etodevoteadequat
eti
met oeachofhi
s/i
tsassi
gnment
s.

46|
Page
30.Av al
uershal
lnotconductbusi
nesswhi
chintheopi
nionoft
heaut
hor
it
yort
he
regi
ster
edval
uerorgani
sat
iondiscr
edi
tst
heprof
essi
on.

Dat
e:

Pl
ace:

Si
gnat
ure

(
Nameoft
heAppr
ovedVal
uerandSealofthe
Fi
rm /Company)

47|
Page
 Annexur
e-I
V

FORMAT-
F

LETTEROFI
NDEMNI
TYBYENGI
NEERS/VALUERS

To,

Nameoft
heBank,

_
___
___
___
___
___
_.

DearSi
rs,

Inconsiderat
ionofNameoft heBank(hereinaftercal
l
edt he"Bank"whi ch
expressi
onshal li
ncludei tssuccessorsandassigns)empanell
ingme/usont heir
panelofappr ovedEngi neersandVal uersf
orthepur poseofassessingthemar ket
valueoft hepr operti
espr oposedt obet akenassecur i
ti
esfort hecreditli
mi ts
grantedortobegr ant edbyt heBankt oit
sv ari
ousbor r
owers,I
/Wej ointl
yand
several
ly,
extendthisletterifi
ndemnity.

Whereas by t
he let
terofempanel mentdated ___
___
____,the bank has
empanell
edme/usont hei
rpanelofapprov
edEngineers&Val
uersforthepurpose
ofassessingthemarketvalueoftheproper
ti
esproposedtobetakenassecur i
ti
es
forthecredi
tli
mitsgrant
ed/t obegrantedbytheBank,I/Wejointl
yandseverall
y
agreeasfoll
ows:-

I/Weshal ldulyandf ai
thfullyperfor
m anddi schargeallthedut i
esi nt he
worksent rustedbyt heBankandi nr el
ati
ont othepur posesofempanel ment ,fairl
y
wit
houtanyf avouranddi scri
mi nationandI/weher ebyundertakeandagr eet o
i
ndemni fyy ou,yoursuccessorsandassi gnsatal lt
imesandf r
om t i
met otimef rom
andagai nstal lloss,damageandal lactions,suit
s,pr oceedi
ngs,expenses,cost s,
chargesanddemandsar isi
ngoutofanyact ,lapses,def aul
ts,negligence,er r
or s,
mistakescommi tt
edbyme/usi nper for
manceofmy/ourpr ofessionalobligati
ons
andI/weal soher ebyundertakeandagr eetopayt oy ouondemandsumsofmoney ,
costs,chargesandexpensesi ncurredi nrespectthereofandalsot opayy ouinterest
onallsuchmoney satyourruli
ngr ate.

I/Wef
urt
herspeci
fi
cal
l
yagr
eet
hatt
hisi
ndemni
tyshal
lcont
inuet
oremai
nin

48|
Page
for
ceandI/ Weshallcontinuetobeli
abl
ether
eunderf oral
llosses,damages, costs,
chargesandexpensesar isingoutofanyact,lapses,def
aul t
s,negli
gence,errors,
mistakescommittedbyme/usi nper
for
manceofmy/ourpr ofessi
onalobligat
ions
and shallbe bi
nding on me /us and ourl egaland per sonalrepresentat
ives,
successorsandassigns.

Your
sFai
thf
ull
y,

Si
gnat
ure

(
NameandOf
fi
cial
Seal
oft
he

Appr
ovedVal
uer

Pl
ace:

Dat
e:

49|
Page