The Importance of Property Valuation in India: Determining Fair Market Value

Ans: Property valuations are typically performed by professional valuers who have expertise in assessing the various factors that influence property value.

Ans: Property values can change over time due to various factors, including demand and supply dynamics, economic factors, and property-specific factors.

Ans: To find the property value per square foot, divide the total value by the super built-up area. For example, if a property is valued at INR 90 lakhs and has a super built-up area of 3000 square feet, the value per square foot is INR 3000.