VALUATION REPORT

1. Name of the Owner of the Property : Mr. C. ALBIN SURESH,

S/o. Mr. S. Chelladurai
Ph: 98948 96996

2. Name of the Unit : M/s. AUTO THERM EQUIPEMENTS

CORPORATION

3. Property Address : S.F. No. 185/2C Part, Plot No. MIG -38
Door No.387 C, Tamil Nadu Housing Board,
Kurichi Housing Unit Phase - I, KurichiVillage,
Coimbatore Taluk & District.

4. Referral Branch of Bank : CANARA BANK,

Sundarapuram Branch
Coimbatore District .

5. Short Description of the Property : To Assess the Market Value of Land

With Existing Building

6. Total Extent of Land : 1548. 00 Sq. ft ( or ) 3.55 Cents

7. Date of Inspection : 26. 04. 2022

8. Date of Report : 30. 04. 2022

9. Name of the Valuer & Address : Er. T.G. USHAA, ( Ph.D ),

M.E.(Structures), M.Sc(Valuation), FIV,
Sri Mahimaa Arch Structure ,
Ganapathy, Coimbatore – 641 006.

1
 CERTIFICATE
To

The Senior Manager, 30. 04. 2022

Canara Bank, Sundarapuram Branch

Coimbatore.

Dear Sir ,

This is to certify that the valuation of the property of Land with Existing Building for
Mr. C. ALBIN SURESH, S/o. Mr. S. Chelladurai has been done in the presence of Mr. C. Albin
Suresh for without any interest direct or indirect and the distress sale value has been take into account
for evaluating the property.

Description Value in Rs. Value in Words

Guideline Value of Land Rs. 10, 37, 160 /- ( Rupees Ten Lakhs Thirty Seven Thousand One
Hundred and Sixty Only )
Market Value of Property Rs. 59, 70, 000 /- (Rupees Fifty Nine Lakhs and Seventy Thousand Only)
Realizable Value of Property Rs. 53, 73, 000/- ( Rupees Fifty Three Lakhs and Seventy Three Thousand
only ).
Forced Value of Property Rs. 47, 76, 000/- (Rupees Fourty Seven Lakhs and Seventy Six Thousand
Only)

Declaration
Hereby declare

1) I have valued the right property & the information furnished is true and correct to the best of my knowledge and
belief.
2) I have no direct and indirect interest in the property valued.
3) I have not found guilty of misconduct in my professional capacity

2
 ANNEXURE – II
VALUATION OF PROPERTY ( LAND & BUILDING )
REPORT ON VALUATION
Ref. No. Can / Sundarapuram Branch Date : 30. 04. 2022

PART A – BASIC DATA

1. GENERAL :

1 Purpose of Valuation : To Assess the Market Value of Land with

Existing Building
2 a. Date of Inspection : 26. 04. 2022
b. Date on which the valuation is made : 30. 04. 2022
3 Name of reported owner with present address : Mr. C. ALBIN SURESH,
and phone Number S/o. Mr. S. Chelladurai
Ph: 98948 96996

Name of the owner(s) and his / their addresses :

(es) with Phone No,. ( details of share of each
owner in case of joint ownership)
4 Documents produced for Perusal
i) Sale Deed No. & Date : 5360 / 2014 dated 29. 09. 2014
SRO Coimbatore Joint I
ii) Layout Approval No. : Housing Unit Layout
iii) Building Plan Approval No. : R.O.C. No. 5001/98-99 dated 15.12.1998
B. A. No. 262/98-99
iv) Property Tax No. : 76139662
v) E.B. Service No. : 03- 013 - 010 - 4072
5 Brief description of the property taken for : Property Situated in S.F. No. 185 / 2C Part,
valuation (including leasehold / Free hold etc)
Plot No. MIG -38,Door No.387 C,
Tamil Nadu Housing Board,
Kurichi Housing Unit Phase - I, KurichiVillage,
Coimbatore Taluk & District and it is Located
nearby Sri Vasavi Mithra Mahal &1.5Km From
Telugupalayam Bu Stop.
6 Scope of Valuation : To Assess the Market Value of Land with
Existing Building
7 If this report is to be used for any bank : Canara Bank,
purpose, state the of the bank and branch, Sundarapuram Branch,
if known Coimbatore.

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 2. DESCRIPTION OF THE PROPERTY

1 Postal Address of the property with pin code : Mr. C. ALBIN SURESH,
S/o. Mr. S. Chelladurai
S.F. No. 185/2C Part, Plot No. MIG -38,
Door No.387 C, Tamil Nadu Housing Board,
Kurichi Housing Unit Phase - II,
KurichiVillage, Coimbatore Taluk & District.
Residential Area : Yes
Commercial Area : NA
Industrial Area : NA
3 Classification of the Area’ : High / Middle / Poor
Urban / Semi Urban / Rural
4 Coming Under Corporation Limit /Village : KurichiVillage / Coimbatore Corporation
Panchayat / Municipality Limit
5 Whether Covered under any State / Central Govt. : NA
enactments (e.g. Urban Land Ceiling Act) or
notified under agency area / Scheduled area /
cantonment area
6 In case it is and agricultural land, any conversion : NA
to house site plots is contemplated .

7 Location of the Property

Plot No. / Nagar / Survey No./ Door No. : Plot No. MIG -38 /
Door No.387 C / Tamil Nadu Housing Board /
Kurichi Housing Unit Phase - II
S. F. No. /T.S. No. / R.S. No. : S. F. No. 185 / 2C Part
Village / Block : KurichiVillage
Taluk / Ward : Coimbatore Taluk
Mandal /District / Municipality/ Corporation : Coimbatore Distri ct

4
8 Boundaries of the Property A B
S. F. No. 185 / 2C Part As per Deed As per Visit / Actual
North : Plot No. 386 Plot No. 386
South : 20 0" wide East to West Road 20 0" wide East to West
Road
East : Plot No. 509 Plot No. 509
West : 60' 0 wide North to South Road 60' 0 wide North to South
Road
Splay : North – West Corner North – West Corner
Dimension of the Property A B
As per Deed As per Visit / Actual
North : 34' 0” 34' 0”
South : 39' 0” 39' 0”
East : 40’ 0” 40’ 0”
West : 35' 0” 35' 0”
South - East Corner : 7’ 0” 7’ 0”
Extent of land : 1548. 00 Sq. ft 1548. 00 Sq. ft
9 Latitude, Longitude and Coordinates of the site : 10.938216,76.976611

10 Property tax receipt referred

Assessment Number : 76139662
Tax Amount : -
Receipt in the Name of : -
11 Water tax receipt referred
Assessment Number : Available
Tax Amount : -
Receipt in the Name of : -
12 Electricity Service Connection
Consumer Number : 03- 013 - 010 - 4072
In the name of other details, if any :
13 Property is Presently Occupied by : Owner / Tenants / Both / Vacant
14 If tenanted Fully, What is the gross monthly NA
Rent ?
15 If occupied by both : NA
By assuming the entire building is let out,
(i) What is the probable monthly rent ? : NA
(ii)What is the advance amount ? :

5
 PART B - LAND
1 Dimension of the site As per Deed As per Visit / Actual
North : 34' 0” 34' 0”
South : 39' 0” 39' 0”
East : 40’ 0” 40’ 0”
West : 35' 0” 35' 0”
South - East Corner 7’ 0” 7’ 0”
Extent : 1548. 00 Sq. ft 1548. 00 Sq. ft
2 Least Extent of site : 1548. 00Sq. ft (or) 3.55Cents
North & South : 34' 0” & 39' 0”
East & West : 40’ 0 “& 35' 0”
Splay ( South - East Corner ) : 7’ 0”
Total Extent of the Plot : 1548. 00Sq. ft (or) 3.55Cents
3 Characteristic of the site
* What is the character of the locality ? : Residential Area
* What is the classification of the locality? Residential Special Type - V (tnreginet.net)
* Development of surrounding areas : Semi - Developing Area
* Possibility of frequent flooding / sub : No
merging
* Feasibility to the Civic amenities like : Available at Around 1.5 Km distance
school, Hospital, bus stop, market, etc.
* Level of land with topographical conditions : Level
* Shape of land : Trapizdoial
* Type of use to which it can be put : Residential Purpose
* Any usage restriction : Nil
* Is plot is town planning approved layout : Housing Unit
* Corner Plot or Intermittent Plot? : Corner Plot
* Type of road available at present ? : Tar Road
* Road facilities are available ? : Yes
* Is it a land – locked land ? : No
* Water Potentiality : Yes
* What is the width of Road ? : 60' 0" Wide Road
* Width of road – it is below 20’0” or more : More than 20’ 0” Wide Road
than 20’0”
* Underground sewerage system : No
* Is power supply available at the site? : Yes

6
 * Advantage of the site
Special remarks, if any, like threat of : NIL
acquisition of land for public service
purposes, road widening or applicability of
CRZ provisions etc. ( Distance from sea-coast
/ tidal level must be incorporated )
* Any factors which affect the marketability
of the land ?
 Type of Land? : NIL
 Accessbility :
4 Value on adopting GLR ( Guideline Rate )

i) Guideline rate as obtained from the

Registrar’s office ( an evidence thereof to be : Rs. 670 / Sq. ft
enclosed

ii) Value of land by adopting GLR : Rs. 10, 37, 160 /-

( 1548. 00 Sq. ft x Rs. 670 / Sq. ft )

5 Value by adopting PMR ( Prevailing Market

Rate )

Prevailing Market rate ( Along with details /

reference of at least two latest deals / Rs. 11, 00, 000 to 13, 00, 000 / Cent
:
transactions with respect to adjacent
properties in the areas )

Unit rate adopted in this valuation after Rs. 12, 50, 000 / Cent
considering the characteristics of the subject :
plot

Value of land by adopting PMR : Rs. 44, 37, 500 /-

(3.55 Cents x Rs. 12, 50, 000 / Cent )
Say Rs. 44, 38, 000 /-

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 PART C – SPECIFICATION OF THE BUILDING
Type of Buildings : Residential / Commercial / Industrial
1. Type of construction : Load bearing / RCC / Steel Framed / Framed structure
2. Quality of construction : Superior / I class / II class
3. Plastering : C.M
4. Super Structure : Brick Work
5. Flooring : Vertified Tiled Flooring
6. Joineries : C.W Doors & Windows
7. Roofing : R.C.C Roofing
8. Appearance of Building : Common / Attractive / Aesthetic
9. Maintenance / Condition of the Building : Exterior : New one / excellent / Good / Normal
Average / Poor
10. Interior : Excellent / Good / Normal Average / Poor
11. Year of Construction : 1998
12. Total Life of the Building : 60 Years
13. Age of the Building : 24 Years
14. Future Life of the Building : 36Year
15. Plinth Area : As per IS 3861 - 1975
16. Number of floors and height of each floor : R.C.C Roof Bottom 10'0" From F.F.L
including basement, if any.

Area of Building as per Approval Plan

Floor Year of Roof Plinth Area
Construction ( as
reported / as per Main Portion Cantilevered Total
actual observation / (A) Portion ( B ) (A + 50 % of B)
as per deed )
Ground Floor 1998 R. C. C 603. 00 Sq. ft - 603. 00 Sq. ft
First Floor 1998 R. C. C 370. 00 Sq. ft - 370. 00 Sq. ft

8
 Area of Building as per Actual Construction - Only for Reference

Floor Year of Roof Plinth Area

Construction ( as
reported / as per Main Portion Cantilevered Total
actual observation / (A) Portion ( B ) (A + 50 % of B)
as per deed )
Ground Floor 1998 R. C. C 1215. 00 Sq. ft - 1215. 00 Sq. ft
First Floor 1998 R. C. C 500. 00 Sq. ft - 500. 00 Sq. ft

7. Drawing approval
a. Date of issue and validity of layout of approved map / plan - 1998
b. Approved map / plan issuing authority - TNHB Layout
c. Whether genuineness or authentic of approved map / plan is verified ? - Yes
d. Any other comments by our empanelled valuers on authentic of approved plan? - No
e. ( Discuss on the building approval, reference, violations observed, consequences of violation, etc.)

1. VALUATION OF BUILDING ( As per Approval )

Sl. Description Area in Rate / Sq. Replacement Dep % Dep value of Net Amount (Rs)
No Sq. ft Ft Cost the building
1 Ground Floor 603 1300 /- 7, 83, 900 /- 0.36 2, 82, 204 /- 5, 01, 696 /-
2 First Floor 370 1100 /- 4, 07, 000 /- 0.36 1,46,520 /- 2, 60, 480 /-
Total Value of Buildings Rs. 7, 62, 176 /-
Say Rs. 7, 62, 000 /-

2. VALUATION OF BUILDING ( As per Actual - Only For Reference )

Sl. Description Area in Rate / Sq. Replacement Dep % Dep value of Net Amount (Rs)
No Sq. ft Ft Cost the building
1 Ground Floor 1215 1300 /- 15, 79, 500/- 0.36 5, 68, 620 /- 10, 10, 880 /-
2 Portico & Stair 500 1100 /- 5, 50, 000 /- 0.36 1, 98, 000 /- 3, 52, 000 /-
Total Value of Buildings Rs. 13, 62, 880 /-
Say Rs. 13, 63, 000 /-

9
 PART D – AMENITIES & EXTRA ITEMS
( Value after Depreciation )
1 Portico : NIL
2 Ornamental Front / Pooja door : NIL
3 Sit out / verandah with steel grills : NIL
4 Extra Steel / collapsible grills : NIL
5 Open staircase : NIL
6 Wardrobes, showcases, wooden cupboards : L. S. Rs. 3, 00, 000 /-
7 Glazed tiles : NIL
8 Extra sinks and bath tub : NIL
9 Marble / ceramic tiles flooring / Wall Tiles : L. S Rs. 1, 00, 000 /-
10 Interior decorations : L. S Rs. 50, 000 /-
11 Architectural Elevation works : NIL
12 False ceiling works : NIL
13 Panelling works : NIL
14 Aluminium works : NIL
15 Aluminium handrails : NIL
16 Separate Lumber Room / Extra Shed : NIL
17 Separate Toilet Room / Open Stair Case : L. S Rs. 50, 000 /-
18 Separate water tank / sump : NIL
19 Trees , Gardening : NIL
20 Any other : NIL
21 Open Shed 4 Nos :
Total for Amenities & Extra Items Rs. 5, 00, 000 /-

10
 PART E – SERVICES ( Value after Depreciation )
1 Water supply arrangements
 Open well : NA
 Deep Bore : Rs. 80, 000 /-
 Hand pump : NA
 Motor : Rs. 20, 000 /-
Rs. 1, 55, 000 /-
 Corporation tap : Rs. 25, 000 /-
 Under Ground level sump : NA
 Over head tank : NA
 Sump : Rs. 30,000 /-
2 Drainage arrangements
 Septic Tank : Rs. 25, 000 /-
Rs. 25, 000 /-
 Under ground sewerage : NA
3 Compound wall
 Height : L.S Rs. 70, 000 /-
 Length :
 Type Construction :
4 Pavements _______ Rm @ ______ Rs. /m2 : NIL
5 Steel Gate : NA
6 E.B. deposits, water deposits, drainage deposits, etc. : Rs. 20, 000 /- Rs. 20, 000 /-
7 Electrical fittings & others : -
Type of wiring : Standard
Class of fittings ( Superior / Ordinary / Poor ) : Ordinary
Number of light points : 20 Points
Fan points : 4 Nos
Spare Plug Points : 5 Points
Any other items : NA
8 Plumbing installation : Rs.
No. of water closets and their type : 1 EWC
No. of wash basins : 1 No.
No. of bath tubs : NA
Water meter, taps, etc. : 1 Nos.
Any other fixtures : NA
9 Any other : -
Total : Rs. 2, 70, 000 /-

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 PART F – ABSTRAC VALUE
( As per Approval )
Part Description Value of adopting
GLR PMR
Rs. Rs.
A Land Rs. 10, 37, 160 /- Rs. 44, 37, 500 /-

B Existing Building - Rs. 7, 62, 000 /-

C Amenities - Rs. 5, 00, 000 /-
D Services - Rs. 2, 70, 000 /-
Total Value Rs. 10, 37, 160 /- Rs. 59, 70, 000 /-
Factors favoring for an additional value
1.
2. NIL
Add ( + )
Factors favoring for less value
1. NIL
2.
Less ( - )

Present Market Value Rs. 59, 69, 500 /-

Rs. 59, 70, 000 /-

ANY OTHER DETAILS

( Valuation : Here the approved Valuer should discuss in detail his approach to valuation of property
and indicate how the value has been arrived at, supported by necessary calculations. Also, such aspects as i)
Salability ii) Likely rental Valuer in future in iii ) Any likely income it may generate , may be discussed ).

As a result of my appraisal and analysis, it is my considered opinion that the present fair market value of the
above property in the prevailing condition with aforesaid specifications is Rs. 59, 70, 000 /-
(Rupees Fifty Nine Lakhs and Seventy Thousand Only) The book value of the above property as Refer
Auditor Book Value is (Rs ------------- only ) and the distress value Rs. 47, 76, 000/-
(Rupees Fourty Seven Lakhs and Seventy Six Thousand Only)

Place : Coimbatore
Date : 30. 04. 2022
Signature
( Name and official seal of the Approved Valuer )

12
 PART G – CERTIFICATE
1. It is hereby certified that in my opinion

i) The present market value of the property discussed in the report ( above ) by adopting prevailing
market rate for land & Building as per Approval is . Rs. 59, 70, 000 /-
(Rupees Fifty Nine Lakhs and Seventy Thousand Only)
ii) The Realizable Value for land & Building as per Approval is Rs. 53, 73, 000/-
( Rupees Fifty Three Lakhs and Seventy Three Thousand only ).
iii) The forced sale value of the property is estimate as 20 % less than the present market value.

2. If this property is offered as collateral security, the concerned financial valuation report with respect to the
latest legal opinion.

3. Value varies with the purpose is different other than mentioned in I(1).

4. The Property was inspected on 26. 04. 2022

5. This valuation work was / has been undertaken by the valuer based upon the request from
The Branch Manager , Canara Bank, Sundarapuram Branch, Coimbatore.

Place : Coimbatore

Date : 30. 04. 2022 ( Panel Valuer )

Note : This report contains ------14---------- pages

Enclosures :

 Location of the property

 Photograph of Property
 Screen shot of longitude / latitude and co-ordinates of the property using GPS /Various Apps/ Internet
sites

( Notes: The Valuer may add any number of additional sheets for providing any vital data and relevant
information )
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 GUIDELINE VALUE

Zone: COIMBATORE
Guideline Village: KURICHI
Revenue District:
Street/Survey H
Number:
Sub Registrar Office: COIMBATORE JOINT
I
Revenue Village:
Revenue Taluka:

Sr.No. Street Name Guideline Value Guideline Value Land Classification

(₹) (British Value) (₹) (Metric Value)

1 HARIJANA COLONY 234/ Square Feet 2530/ Square Metre Residential Class III
(WARD 15) Type - I

2 HARIJANA COLONY 234/ Square Feet 2530/ Square Metre Residential Class III
(WARD 16) Type - I

3 HARIZANA COLONY 234/ Square Feet 2530/ Square Metre Residential Class III
(WARD 10) Type - I

4 HILL VIEW LAYOUT 402/ Square Feet 4330/ Square Metre Residential Class II
Type - II

5 HILMU NAGAR 536/ Square Feet 5780/ Square Metre Residential Class I
Type - III

6 HOUSING BOARD 670/ Square Feet 7220/ Square Residential Special

PHASE II (WARD 16) Metre Type - V

7 HOUSING BOARD 670/ Square Feet 7220/ Square Metre Residential Special
PHASE I (WARD 17) Type - V

14