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Frequently asked questions:

 

 

What do you mean by Value?


Amount of commodity, money etc. consider equivalent for something else, material monetary worth, desirability, utility, qualities on which it depends. Value is the actual worth of a particular object Value for which a willing seller will part with the land in favour of willing buyer, Value is an estimate of the cost of a commodity on certain date depending on its utility, scarcity, transferability and marketability.

 

What are the needs for valuation of jewellery?


1st is for wealth tax purpose, Capital gain Tax purpose, Gift Tax purpose, insurance purpose, Net worth purpose, It’s essential you have your jewellery insured. House burglaries are on the rise and items stolen are rarely recovered. In order to have it insured you need it valued. Don’t forget, that engagement ring bought in Kolkata will need a valuation in Rupees before any insurance company will touch it. The insurance market is quite competitive too. If you decide to change your insurer you will need your valuation updated (in reality it should be updated at least every two years). So get this done before you call around looking for the best quote. Most valuations are undertaken for insurance replacement purposes, but there are a number of other reasons why you may seek a valuer's assistance in connection with a valuation. I also carry out valuations for probate, family division and estimates for post loss replacement.

 

What do you mean by Valuation?


Valuation is an opinion of an expert, who assesses the value of an asset. His assessment depends on the purpose for which the evaluation is sought, his honest judgment and the most important factor - his experiences.

 

Who can value my jewellery?


A valuation is an informed opinion based upon many years of experience allied to formal training in specialist areas of product knowledge. Valuations need to be undertaken today to the very highest standards. We believe our valuations stand up in comparison to any other professional working in the trade. Click here to see an example of our work. Also i had been working for as many as banks & their Branches for more than 2 decade plus also did many valuations for police stations this record shows how accurate & precise our work is.

 

What is a Valuer?


The one who estimates or assesses the value professionally. He is an expert in his field. He is authorized to declare the worth of a particular commodity, may be it property/machine/gold or any other item. The license to act is issued by Chief Commissioner of Income Tax. The main categories under which the license is issued are:

  • Immovable Properties
  • Agricultural Lands
  • Plantations - Coffee, Tea, Rubber, Cardamom, others.
  • Forests
  • Mines & Queries
  • Stocks, Shares, Debentures, Securities
  • Plant and Machinery
  • Jewellery
  • Works of Arts
  • Life interest, reversion and interest in expectancy

 

How does valuation vary?


Items of jewellery are valued differently for different purposes. You might wonder about the difference between the insurance value of an item and the amount you would get, as a private individual, if you chose to sell the piece. We do not value items for private sale as this can sometimes be construed as an offer to buy, and as I mentioned before, I'm not a retailer. If you're not sure what type of valuation you need call us on +919331299900 and I'll be able to explain what type you need.

 

What is a Chartered Engineer?


A Chartered Engineer is a member of Institution of Engineers (India). The Institute grants him certificate to act as "Chartered Engineer" based on his academic qualification and experience. Importers and Exporters require their services to certify the value of Goods/Equipment/Plant for Custom/Duty drawback/excise purposes.

 

What is a Surveyor/Loss Assessor?


Surveyor is a person who assesses the losses of insured assets in the event of a mishap/loss for settling the claims. The License is issued by the Controller of Insurance based on qualification and experience of the person.

 

What are the Clients/Users?


Chartered Accountants, Banks, Financial Institutions, Property Sellers/Buyers, Public and Private Limited Companies, Owners of factories, plant and machinery, land, house, apartment, car, jewellery, stocks and shares or other asset(s).

Consultations, valuations and associated technical services for matters concerning
Immovable Properties
Agricultural Lands
Plantations - Coffee, Tea, Rubber, Cardamom, others.
Forests
Mines & Queries
Stocks, Shares, Debentures, Securities
Plant and Machinery
Jewellery

Works of Arts
Life interest, reversion and interest in expectancy

The Process of Valuation and the sequence


  • Understanding the purpose of Valuation.
  • Collection of required documents and information
  • Site Inspection and collection of field data.
  • Analysing the information/field data collected.
  • Assessment of the value of the asset(s) based on facts, market rates and experience
  • Produce a valuation report detailing the facts and assessment made, issue a certificate of valuation.
  • Proper guidance to the client.

 

Do I have to give up my jewellery?


Not if we do it. You can visit me at our office or we can travel to your home or place of work with all the equipment we need. We then carry out the valuation in front of you. Everything is measured, assessed, and valued on the spot. You will receive your valuation documents on the day or if further research is required they will be sent on within three working days. We never take a piece of jewellery away.

 

What are the requirements of Valuation Reports?


A Valuation report becomes necessary to know the certified market value of an asset for several reasons (See Purpose of Valuation)

  • Individuals
  • Industrial Concerns
  • Private Companies
  • Public Sector Undertakings
  • Financial Institutions: Small Industries Development Corporation, Medium Scale Industries, corporation, Industrial Investment Corporations owned by the State Government, UPFC, etc.
  • Private and Public Sector Banks
  • Owners of all types of Assets: land, house, flat, apartment, shop, etc.
  • Insurance Companies.
  • Courts
  • Government Departments: Income Tax, Wealth Tax, Municipal Corporation etc.
  • Visa issuing offices of various countries allowing immigration/travel.
  • Reserve Bank for repatriation of foreign exchange

 

What is a Professional?


Professionals are qualified and experienced intellectuals, expert in the field of valuation. Basic qualification could be any one of the following:

  • Civil Engineers
  • Electrical Engineers
  • Mechanical Engineers
  • Engineers from other disciplines
  • Architects
  • Chartered Accountants

For practicing as Valuers, professionals are required to be registered and approved by Central Board of Direct Taxes, Government of India. Once approved, they are known as "Approved Valuers" or "Government Approved Valuers". They are registered under various categories.

Government Approved Valuers are required for valuation of all types of assets for variety of reasons or purposes by various agencies.

 

Purpose of Valuation?

 

  • Capital Gain Assessment
  • Wealth Tax Assessment
  • Court Fee Calculation at the time of "Title Change" / Sales Purchase of an Asset.
  • Partition of family assets
  • Partition of business enterprises.
  • New Public Issues.
  • Mortgage /Collateral Security for banks, financial institutions.
  • Sale-Purchase
  • Mergers and Acquisitions
  • Subsidy claims
  • Revaluation - Updating the balance sheet.
  • Insurance
  • Court Fee Calculation at the time of "Title Change" / Sales
  • Purchase of an Asset / other matters concerning the asset.
  • Auction.
  • Taxation
  • Liquidation of an asset or business
  • Repatriation of foreign exchange against sale of an asset.
  • Issue of travel/immigration Visa.
  • Rent Fixation under Rent Control Act.
  • Insurance
  • Income Tax
  • Property Tax

 

What assets are required for Valuation?


We can value any type of jewellery, Silver Utensils. We also value all types of Immovable property as it’s our field of expertise.

 

What are Assets?



  • Lands
  • Immovable Properties: All types of Buildings: house, flat, apartment, cottage, commercial complex, office, shop, industries, etc.
  • Plant and machinery
  • Jewellery
  • Works of Arts
  • Plantations - Coffee, Tea, Rubber, Cardamom, others.
  • Forests
  • Mines & Queries
  • Stocks, Shares, Debentures, Securities
  • Plant and Machinery
  • Jewellery
  • Life interest, reversion and interest in expectancy
  • All types Motor Vehicles
  • Ships
  • Aero planes

 

What modes of payments are accepted?


We accept payment by Cash, NEFT and Cheque also.

 

How do I insure my jewellery?


Once the valuation is done the easiest way is to contact the supplier of your house contents insurance. More valuable items will need separate cover but your insurance company should be able to work out a package for you. If they can't my advice is to call Private Bankers & find out a broker who can.

 

Jewellery Valuation

Highly skilled experts providing accurate assessments of all types of jewellery, essential when claiming insurance for lost, stolen or damaged.

Land & Building Valuation

We through our dedicated and experienced valuation team provide robust valuation services to assist our clients for a multitude of purposes.