Valuation of assets and properties is the analytical process of determining the fair market value or worth of a business , company or a specific asset.
Valuation is required to ascertain Market Value, Assessed Value, Loan Value, Insurance Value, Book Value, Income or Capitalised Value, Going Concern Value, Replacement Value, Liquidation Value, Forced Sale Value, Value in Use, Value in Exchange, Value in Existing or
for Alternative Use. It important for various purposes, including financial reporting, taxation, insurance, buying and selling property, and investment analysis. The valuation process typically involves several methods and factors, and it can vary depending on the type of asset or property being valued.
Only qualified ‘Approved’ or Registered Valuers are entitled to “Value” in such requirements.