![]() This helps buyers to know the real worth of property and how much loan they can expect on it. The valuation of residential property will clearly indicate the location and banks prefer giving loans within the permissible boundaries of their hubs and branches. Therefore, to ensure the smooth buying and selling experience, one needs to have a property valuation. ![]() Without property valuation from a government-approvedofficial, the transfer of property is simply impossible. However, to get the real worth in Delhi or any part of India, the residential property valuation is to be done by an experienced, expert, knowledgeable andgovernment approved professional.īuying and selling a property is a cumbersome task, as one has to go through numerous procedures and submit various documents at government offices. Valuation of the residential property is important due to following reasons:Īs we stated above, valuation of the residential property will give the exact idea about the value of the property to buyers and sellers based on which either of the two parties can bag the best deal. The valuation of the residential property is must in many conditions that include buying and selling, loan purpose, settle legal issues, refinancing, market valuation, stamp duty collection, family law and so on. A residential area is used only for housing and residential than commercial or industrial purposes. ![]() We start discussing the importance of residential property valuation, it is important to know what it is. ![]()
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