£r.S.Ravindranath . Engineer & Valuer Ss Bema x nent Registered Valuer Mobile No.: +91 99853 33094 Format-A VALUATION REPORT To, STATE BANK OF INDIA, Main Branch Kavali,S.P.5.R. Nellore Dist. Ref: SA-SBI-479/23-24 Date: 26.07.2023 VALUATION REPORT (IN RESPECT OF LAND / SITE AND BUILDING) [_ [GENERAL [Security Purpose and to Ascertain Present Market [Value of the Property [a)_[Date of Inspection 26.07.2023 b) |Date On which the valuation is made |:|28.07.2023 8. |List of documents produced for perusal a) [Sale Deed Photo Copy of Registered Sale Deed document No: 1293/2002 dated on 19.12.2002 in favour of [Smt.Karvalla Subhashini, Wo, Dantham Krishna Mohana Rao. b) | Plan Approval Photo Copy of Approved Plan B.A.No.: 138/2008/G1 dated on 2.07.2008 Issued by Commissioner, Kavali |Municipality, Kavali, 5.P,8,R, Nellore Dist, 1. |Purpose for which the valuation is made ©) |Legal Report [Copy of Legal Scrutiny Report issued by Sri. K :|Srinivasulu Reddy, Advocate, dated on 22.07.2023 4, /Name of the Owner and his/ their :|Smt, KARAVALLA SUBHASHINI, address(es) with phone no. (details of Wio.DANTHAM KRISHNA MOHANA RAO. share of each owner in case of joint D.No.11-23-12D, Rammurthypeta, lowner ship) Kavali, SPSR Nellore District. Mobile No: 9640401317 6. [Brief Description of the property [The Property Consists of Existing RCC Roofed |. [Residential building having Ground , First & Second Floor. Ground, First & Second Fleor cecupied by different tenants, 7, [Location of the Propoerty 5 i |Sy.No: 1971722, 192122, 1821226, ete Neat Survey Na 1921/2.2.D, 1921/2.2.€, 1821/2.2G, 1921/2. lb) Door No. :|D.No: 11-23-4120 )_T.S.No/ Village ld) Ward /Taluka [Ward No: 14, Dantham Vari Streg (2 )_ Mandal (District :|Kavali Municipality, SP.S.R. \ [Land Mark [Near Ramalayam Temple APPROVED VALUER FOR INCOME TAX DEPARTMENT, IBBL, BANKS & FINANCIAL INSTITUTIONS7. [Postal address of the property Ward No:14, D No: 11-23-12D, Dantham Vari Street, Kavali Municipality, Kavali Town, S.P.S.R. Nellore Dt 8. [City/Town "| |kavali Town Residential Area Residential Commercial Area No Industrial Area No 9. |Classitication of the Area g i) High! Middle/ Poor [Middle Class ii) Urban/ Semi Urban Rural [Semi Urban 0{Coming under Corporation Limit? |: |Kavali Municipality /Muncipality / Village Panchayat 11] Whethar covered under any Stata 7 Central Govt. Enactment (i.¢.Urban Land Celling Act) oF notified under Agency area |/ Scheduled area / Cantonment area No >t 12 |In case itis an Agricultural land, any INA Iconversion to house site plots is _|contemplated 13 [Boundaries of Property Boundaries: [As per the Document ‘As per tho site House Compound of Indla Devaraju to some extent East: and House st House of Sri Devadas, Dimension in ‘St wall to some extent, a this direction 60'-0" Dimension in this direction 60'- 0” Vacant site of Dantham } South: Rem Omeraorn | |ooun: Hott f Vig Ro, Dimeon in this direction 20-0" rena Site of Pemula Raja Rao, House Under Construction, Dimension West: Dimension in this direction | |west in 60-0" this direction 600" Municipality Road a i North: Dimension in North Municipality Road .Dimension in this direction 20'-0" this direction 20-0" 14] Dimensions of the site As per the Deed (a) L As per Actual (b) East 60-0 [South West North15/Extent of the site “enon vit Sy 16.66 Ankanams (or) 13328 11142 Sam Sq. Yd (or) 111.42 Sqm 16/Extent of the site considered for valuation Ankana (Least of 14 (a) & 14 (b) ) 18.66 Fs (on) _ 199.28 Sa.yd 17|Latitude, Longitude Cordinates ofthe site | |14"5427.1°N 79°S943 PE — (14907518, 79.995474) 16|Whether Ocrupied By TenanVOwner —|:|Groud Floor, First & Second Floor occupied by If occupied by tenant since how long? rent| |different tenants, the Expected Gross rent Rs. received per month |30,000/- per month ll, CHARACTERISTICS OF THE SITE i 1 |Classification of locality [Residential Area 2. [Development of surrounding Areas [Developed by Residential Buildings Possibility of frequent flooding / *:|Submerging Ee Feasibility to the Civic amenities like *|schools, Hospital, Bus stop, Markets etc, [Avaliable Near by Level of land with topographical ; 5. Iconditions Leveled 6. [Shape of land ;|Rectangle shaped 7. [Type of use to which it can be put Residential 8. |Any usage restriction No The property gat the plan approval from 8. [Is plot in town planing approved layout ? |:|Gommissioner, Kavali Municipality, Hence itis not japplicable. [10 Comer pit or Intermitient plot ? intermittent plot 11,]Road Facilities. |Available 12.) Type of Road available at present Cement Road Access at North Side of the Property Width of Road - is it below 20 ft or more jaf or :J20ft Wide Road 14 Is ita land -Locked land ? Road Access at North Side of the Property 15 |Water potentiality [Available [16 Underground sewerage system Available 17 Is Power supply is available at the ste >| [Available [18 [Advantages of the site [Good Residential Area 79, ‘Special remarks if any like thread of ‘Acquisition of Land for Public service Purposes, Road widening or applicability lof CRZ Provisions etc (distance from the Sea coast / tidal level must be incorporated) NoPART - A (Valuation of Land) ‘Size of plot 1. |North & South 20'-0" East & West [60-00" 2. [Total Extent of plot 16.66 Ankana 133.28 Sq.yd ms (or) 3. |Prevailing market rate (Along with details/reference of at least two latest bE [deals/transactions with respect to &. $9,000)> to is, 40,008 Feeney [adjacent properties in the areas) 4, [Guideline rate obtained from the Registar (Office (an evidence thereof to be f Rs. 12,000 /- per Sq.Yd lenciosed) 5. [Assessed adopted rate of valuation Rs. 39,000 /- per Sq.¥d 6. [Estimate Value of Land a Bins fa) _[Market Value of Land : Rs 51,97,000.00_/- b)_[Guide Line Value of Land 4 Rs. 15,99,000.00 /- Justification: 1. The Market value of the property Is 20% more than the Guideline value of the Property. There is Residential houses nearby the property and the property is near to kavall, G.N.T Main Road. 2. Guide line rate Prescribed by the department of Registration and stamps Is only for ‘stamp duty purpose. |PART - B - (VALUATION OF BUILDING 1,| TECHNICAL DETAILS OF THE BUILDING fa) [Type of the Building (Residential/ |: Residential |Commertial / industrial) b)_ Type of Construction E|ROG (Load Bearing / RCC / Steel Framed) c) [Year of Construction :| 2009 Year a [Age of the Building 14 Year Residual age of the Building 46 Year Total Life Span of the Building 60___Year d) |Number of Floors and height of each |:|Ground » First & Second Floor, Height of Each Floor floor including basement, if any is 10'-0" above the basement level @) [Plinth area Floor-wise [a6 per plan oft 8 per actual Sit [Ground Floor 8 834.29 957.88 First Floor 519.52 957.88 [Second Floor 143.93 al 375.25 Total Plinth Area iy 1497.73 1915.75 Note: ‘As per approved plan the area of construction of Ground, First & Second floor Ts 1497.73 Sqft, where as in the physical construction of Ground,Poor 4) [Condition of the building F T. Exterior - Excellent, Good, Normal,|:|Good Poor 2. Interior - Excellent, Good, Normal, |:|Good Date of issue and validity of layout of approved map / plan Dale of Issue of plan approval 07.09.2015 [Approved map/ plan Issuing authority |Corporation, S.P.S.R. Nellore District. Issued by Commissioner, Nellore Municipal Whether genuineness or authenticity lof approved map / plan is verified \Verified as perbuilding Bye-laws D [Any other comments by our lempanelled valuers on authentic of approved plan 2. Specification of construction (Floor wise) in Respect off BN DESCRIPTION Ground Floor | First & Second Floor RCC RCC 1 [Foundation Isolated Footings : : 2 [Basement Brick Masonary 7 * 3 [Super structure Brick Masonary | Brick Masonary 4 |oinery/ Doors and windows |TeakiCountry | Teak/Country wood (please furnish details about size |wood lof the frames, shutters, glazing, fitting, etc.and specify the species lof timber) 5 [RCC Works Lintels, Beams, Tintels, Beams, [Columns & Slab Columns & Slab 6 [Plastering Cement Mortars | Cement Mortars (4:3),(1°4) (1:3),(1:4) 17 Flooring, skirting, Dadoing Marble flooring Marble flooring 8 |Special finish as marble, granite, |Marble flooring Marble flooring wooden paneling, grils, ete 9. Roofing including weather proof First Floor Slab course 10[Drinage ‘Open Drain 2 [DESCRIPTION (Compound wall [Height o Length 1146-0" Type of construction Brick Massonry 3. [Electrical Installation Type of wiring Concealed type Class of fitings (Superior/Ordinary/Poor) [Ordinary No. of light points 10 No's- Fan points tL 4No's[Spare plug points [Any other items 4 Plumbing Installations 8) [No.of water closets and their types 3No's 'b) [No.of wash basins 3No's c) No. of urinals )[No_of hath tube e) [Water meters and taps ete. 1) [Any other fidtures. 5. Details of Valuation = Plinth | Roof [Age] Estimated Area |Heighlof [Repiacemen| RePla°?| |. | Net Value after nqParticulars of Item (sf) | tts) oul | trateot | Zon | if (Re.)| ePreciation Jing [Construction] ‘i (Rs.) (Rs) (Rs.) 1 [Ground Floor 834.3 |10-0' 14[ 1700 [14tezeo[ 207841 | 11,20,448.11 2 [First Floor sia6 [10-0"] 14| 1600 | 831230 | 174568 | 6,56,671.89 2|Second Floor 143.9 [10-0"[ 44 [1650 | 237481 | 49871 4,87,610.21 TOTAL VALUE 19,64,730 Total Value of the Building (Or) Say — 19,64,000 /- Part -C Extra Items 1 [Portico [ 20000] [2 |Omamental front doors +| [3_[Si-outVerandah with MS grills 15000 Ja [Overhead water tank 25000] 5 [Extra Steel/Collapsibla gates — [Total 60,000] Part-D Amenities ] 1 [Wardrobes 30,000] 2_|Glazed Tiles 10000] 3 [Extra sinks and bath tub 4 [Marbiel Tiles Flooring 30000 5 _ | Interior decorations 6 [Architectural elevation works + 7_ [Paneling works 8 [Aluminium Works 7 lo |Stee! hand rails yl | 7olFaise ceiling Total us. ‘Separate toilet room [Separate lumber room ‘Separate water tank/sump |e} no] [Trees, gardening & Steel Gate [Total Page 6 of 8Part-F Services ‘T[Water supply arrangements 20,000 2|Drainage arrangements 20,000] 3|Compound wail 50,000] 4[C.B Deposits, fittings etc 5|Pavament a 6|Car Parking [| Total f Rs. 90,000 TOTAL ABSTRACT OF ENTIRE PROPERTY S.No DESCRIPTION OF THE ITEM TOTAL AMOUNT IN Rs. PART-A [LAND 51,97,000] PARTS [BUILDING 19,64,000) PART-C _|EXTRATTEMS 60,009] PART-D |AMENITIES aa 1,20,000 | PART-E [MISCELLANEOUS 10,000 PART-F SERVICES 90,000 TOTAL 74,44,000.00 Note : \As per prevailing market rate after due enquiry with real estate brokers ,ranging from Rs 29,000 to Rs. 40,000/- and adopted rate Rs. 39,000/- . As per the SRO rate , rate per Sq. yard ‘Rs .12,000/., | have verified the web sites like 99 acres. com and magic bricks .com etc. but In vain. Hence | have adopted rate ‘per Sq. yard is Rs.39,000/- which is most reasonable. egal Aspects are not considered while issuing this report. Please verity the legal opinion for the legal aspects such as ownership, extent, salability etc. VALUATION : Here the approved valuer should discuss in details his approach (Market Approach, Income Approach and Cost Approach) to valuation of property and indicate how the value has been arrived at, ‘Supported by necessary calculations. Also, such aspects as. (i) Saleability (i) Likely rental values in future in (ii) Any Likely income if may be generate, may be discussed Page 7 of 8As a result of my appraisal and analysis it is my considered opinion that ') Fair Market value of the Property in the prevailing condition with specifications is Rs 74,41,000.00 /- (Rupees Seventy Four Lakh Forty One Thousand Only). 'l) Realisablo Valueof the Property in the prevailing condition with aforesaid specifications is Rs. 66,96,000.00 /- (Rupees Sixty Six Lakh Ninenty Six Thousand Only). |ll) Forced Sale value of the Property in the prevailing condition with aforesaid specifications is Rs. 55,80,000.00 /- (Rupees Fifty Five Lakh Eighty Thousand Only). 'V) Guide Line value of the Property in the prevailing condition with aforesaid specifications is Rs. 42,81,000.00 /- (Rupees Forty Two Lakh Eighty One Thousand Only). Place: Nellore ea D> Date:26.07,2023 Signature ————"__ (Name and official seal of the Approved Valuer) Er. 8. Ravindranath B.Tech ME FIV, M.Vol, Govt. Registered Valuer Chartered Engirleer (India! ‘The undersigned has inspected the property detailed in the Valuation report dated on We are satisfied that the fair and reasonable market value of the property is Rs. nn ns (Re _— only). Signature Date (Name of the Branch Manager with Office Seal) Page 8 of 8PHOTOS :maser, Perea CUES LUE =EDHNZOT Ze7hB6'6L'PSBOL06 HI DYE F.LEVESOLNLLEPS-EL Sela 2] Stew of6c09-3. JH 68.54 NIEHS. iaBELONGS TO: Smt. KARAVALLA SUBHAS! HINT, W/o.DANTHAM KRISHNA MOHANA RAO. ROUTE MAP FOR THE PROPOSED PROPERTY LOCATED AT Ward No:14, D.No: 11-23-12D, Dantham Vari Street, Kavali Municipality, Kavali Town, S.P.S.R. Nellore Dt. psu —— REGISTER OFFICE vs 5 2 2 < a z 5 2 APSRTC KAVALI BUS DEPOT berate POREST OFFICE STREET MRO OFFICE HAFEEZ-E+E STREET DantiaMvaRsTmnt perl a ERTY LVED z= TONELLORE —— cranorrunxroan L1823, 527 PM S.No. 236. 239. 240. 244. 242, 243. 244, 245, 248, 247. 248, 249, 250, 251, Ward: Block ie 7 W- 18 ue 19 Ne 20 n- 2 We 22 ne 23 W- 23 n- 27 n- 28 Ne Locality CHAVADI STREET BODDURUVARI STREET KAKIVARI STREET MATHAMMAGUDI STREET AMBEDKAR NAGAR: TRAVELLORS BUNGALOW STREET DANTHAMVARI STREET - I DANTHAMVARI STREET - " RAVULAKOLLUVARI STREET ADAPALAVAR! STREET KETHIREDDYVARI STREET BADDIPUDIVARI STREET GADAMSETTYVARI STREET MAHIPAL SINGH STREET '.9p govin/RegnDapiLogivUnitRatentv do Markot Value IGRS Land Rate Rs. per 8q.Yard 4.200 7,000 2,600 2,500 5,000 11,000 12,000 12,000 11,000 11,000 11,000 11,000 11,000 11,000 Composite Rate Rs. Per Sq.Ft. Ground First Floor 1,610 1,750 1,525 1,525 1,650 1,950 2,000 2,000 1,950 1,950 1,950 1,950 1,950 1,950 Floor 1,610 1,750 1,525 1,525 1,650 1,950 2,000 2,000 1,950 1,950 Other Floors Classific 1,610 1,750 1,525 1,525 1,650 1,950 2,000 2,000 1,950 01 (Resid: 01(Reside O1(Resid« 01(Reside 01(Residc 01 (Reside 01(Resid 01(Reside 01(Resid 01 (Reside 01(Resid« 01(Reside(Annexure-IV) DECLARATION- CUM- UNDERTAKING |, Satna Ravindranath, son of Lale $.Raja Rao do hereby solemnly affirm and state that: a. lam acitizen of India b. | will not undertake valuation of any assets in which I have a direct or indirect interest or become so interested at any time during a period of three years prior to my appointment as valuer or three years after the valuation of assets was conducted by me ¢, The information furnished in my valuation report dated 26.07.2023 is true and correct to the best of my knowledge and belief and | have made an impartial and true valuation of the property. d. | have personally inspected the property on 25.07.2023 The work is not sub- contracted to any other valuer and carried out by myself. °. Valuation report is submitted in the format as prescribed by the Bank 1. Ihave not been depanelled/ delisted by any other bank and in case any such depaneiment by other banks during my empanelment with you, | will inform you within 3 days of such depaneiment. f. Ihave not been removedidismissed from service/employment earlier g. | have not been convicted of any offence and sentenced to @ term of imprisonment h. [have not been found guilty of misconduct in professional capacity i. Thave not been declared to be unsound mind J. [am not an undischarged bankrupt, or has not applied to be adjudicated as a bankrupt; k. 1am not an undischarged insolvent | Thave not been levied a penalty under section 271J of Income tax Act, 1964 (43 of 1961) and time limit for fing appeal before Commissioner of Income- tax (Appeals) or Income-tax Appellate Tribunal, as the case may be has expired, or such penalty has been confirmed by Income-tax Appellate Tribunal, and five years have not elapsed after levy of such penalty m. | have not been convicted of an offence connected with any proceeding under the Income Tax Act 1961, Wealth Tax Act 1957 or Gift Tax Act 1068 and ®. My PAN Card number/Service Tax number as applicable is --ALEPR4073M © Lundertake to keep you informed of any events or happenings which would make me ineligible for empanelment asP. | have not concealed or suppressed any material information, facts and records and | have made a complete and full disclosure | have read the Handbook on Policy, Standards and procadure for Real Estate Valuation, 2011 of the IBA and this report is in conformity to the “Standards" enshrined for valuation in the Part-B of the above handbook to the best of my ability ‘Ihave read the International Valuation Standards (IVS) and the report submitted to the Bank for the respective asset class is in conformity to the “Standards” as enshrined for valuation in the IVS in “General Standards” and “Asset Standards” as. applicable §. | abide by the Model Code of Conduct for empanelment of valuer in the Bank. (Annexure V- A signed copy of same to be taken and kept along with this declaration) \ lam registered under Section 34 AB of the Wealth Tax Act, 1957. (Strike off if not applicable) 4. Lam valuer registered with Insolvency & Bankruptcy Board of India (IBBl) (Strike off, if not applicable) v. My CIBIL Score and credit worthiness is as per Bank's guidelines. w [am the proprietor / partner / authorized official of the firm / company, who is Competent to sign this valuation report x. Iwill undertake the valuation work on receipt of Letter of Engagement generated from the system (i.e. LLMS/LOS) only. y. Further, | hereby provide the following information. Valuer comment he Property Consists of [Existing RCC Roofed esidential building having round , First & Second loor. Ground, First & ‘econd Floor occupied by lifferent tenants. Particulars 1 | background information of the asset being valued: 2 | purpose of valuation and appointing authority fecurity Purpose and to certain Present Market falue of the Property. Pointing by SBI, Main ranch, Kavali, $.P.6 R. jallore Dt. 3 _| [entity of the valuer and any other experts Involved 'S.Ravindranath, Approved in the valuation; ‘ane! Valuer 4 | disclosure of valuer interost or conflict, if any, here is no Personal Interest!date of appointment, valuation date and date of [Date of Appomtment 5 | report 56.07.2023 : aluation Date 25.07.2023 [Date of Report :26.07.2023 8 _| inspections and/or investigations undertaken, per the procedure TatUTe aNd Sources oF the information used or relied Bacod on the documents 7 | port ubmitted, Local Enquiry andl f undaries verification g _ | Procedures adopted'in carrying out the valuation and [Followed the Valuation uation standards followed; rocedure adopted, Cost ee proach method (Land & juilding) 9 | restrictions on use of the report, if any; bes Bank Security Purpose nly Major factors that were taken into account during the [Site Inspachon, it] 10 | valuation: infrastructure and Amenities : f the surrounding properties| Tajor factors thal were not faken into account during |i. Verified the Property 1 | ie vanuaitiony, (Boundaries as per the locument and Physical inspection. Caveats, limitations and disclaimers tothe ere is NO such type of ‘extent Board Notice at the site. If} "2 | they explain or elucidate the limitations faced by necessary follow the legal Valuer, which shall not be for the purpose of limiting FePOrt his responsibility for the valuation report. Date: 94.07. 2024 Place: NE LLOKE(Annexure-V) MODEL CODE OF CONDUCT FOR, VALUERS Integrity and Fairness 1. A valuer shall, in the conduct of his/its business, follow high standards of integrity and faimess in all his/its dealings with his/te clients and other valuers. 2. Avaluer shall maintain integrity by being honest, straightforward, and forthright in all professional relationships 3. A valuer shall endeavour to ensure that he/it provides true and adequate information and shall not misrepresent any facts or situations. 4. A valuer shall refrain from being involved in any action that would bring disrepute to the profession. 8. A valuer shall keep publi interest foremost while delivering his services, Professional Compotonce and Due Care 8. A valuer shall render at all times high standards of service, exercise due diligence, ensure proper care and exercise independent professional judgment. 7. A valuer shall carry out professional services in accordance with the relevant technical and professional standards that may be specified from time to time 8. A valuer shall continuously maintain professional knowledge and skill to provide competent professional service based on up-to-date developments in practice, prevailing regulations/guidelines and techniques. 9. In the preparation of a valuation report, the valuer shall not disclaim liability for his/its expertise or deny his/its duty of care, except to the extent that the assumptions are based on statements of fact provided by the company or its auditors or consultants or information available in public domain and not generated by the valuer. 10.A valuer shall not carry out any instruction of the client insofar as they are incompatible with the requirements of integrity, objectivity and independence. 11.4 valuer shall clearly state to his client the services that he would be competent to Provide and the services for which he would be relying on other valuers or Professionals or for which the client can have @ separate arrangement with other valuers. Independence and Disclosure of Interest 12.A valuer shall act with objectivity in his/ts professional dealip, his/its decisions are made without the presence of any bj coercion, or undue influence of any party, whether dire valuation assignment13.A valuer shall not take up an assignment if he/it or any of his/its relatives or associates is not independent in terms. of association to the company. ‘14.4 valuer shall maintain complete independence in his/its professional relationships and shall conduct the valuation independent of external influences. 15.A valuer shall wherever necessary disclose to the clients, possible sources of conflicts of duties and interests, while providing unbiased services. 16.A valuer shall not deal in securities of any subject company after any time when heiit first becomes aware of the possibility of his/its association with the valuation, and in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2016 or till the time the valuation report becomes Public, whichever is earlier. 17.A valuer shall not indulge in ‘mandate snatching” or offering “convenience valuations” in order to cater to a company or client's needs, 18. As an independent valuer, the valuer shall not charge success fee. 19. In any faimess opinion or independent expert opinion submitted by a valuer, if there has been a prior engagement in an unconnected transaction, the valuer shall declare the association with the company during the last five years. Confidentiality 20. A valuer shall not use or divulge to other clients or any other party any confidential information about the subject company, which has come to his/its knowledge without proper and specific authority or unless there is a legal or professional right or duty to disclose. Information Management 21. Avaluer shall ensure that he/ it maintains written conternporaneous records for any decision taken, the reasons for taking the decision, and the information and evidence in support of such decision. This shall be maintained s0 a8 to sufficiently enable a reasonable person to take a view on the appropriateness of his/its decisions and actions. 22.A Valuer shall appear, co-operate and be available for inspections and investigations carried out by the authority, any person authorised by the authority, the registered valuers organisation with which he/it is fegistered or any other statutory regulatory body. 23.A valuer shall provide all information and records as may be required by the authority, the Tribunal, Appellate Tribunal, the registered valuers organisation with which hefitis registered, or any other statutory regulatory body, 24.0 valuer while respecting the confidentiality of information acquired during the course of performing professional. services, shall maintain proper working papers for a period of three years or such longer period as required in its contract for 2 Specific valuation, for production before a regulatory authority or for In the event of a pending case betore the Tribunal or Appellate Jaf shall be maintained till ~—sthe ~— disposalGifts and hospitality. 25. A valuer or his/its relative shall not accept gifts or hospitality which undermines or affects his independence as a valuer. Explanation: For the purposes of this code the term ‘relative’ shall have the same meaning as defined in clause (77) of Section 2 of the Companies Act, 2013 (18 of 2013). 26. A valuer shall not offer gifts or hospitality or a financial or any other advantage to @ public servant or any other person with a view to obtain or retain work for himself/ itself, or to obtain or retain an advantage in the conduct of profession for himselt/ itself. Remuneration and Costs. 27.A valuer shall provide services for remuneration which is charged in a transparent manner, is a reasonable reflection of the work necessarily and properly undertaken, and is not inconsistent with the applicable rules. 28. A valuer shall not accept any fees or charges other than those which are disclosed in a written contract with the person to whom he would be rendering service. Occupation, employability and restrictions. 29. A valuer shall refrain from accepting too many assignments, if helit is unlikely to be able to devote adequate time to each of his/ its assignments. 30. A valuer shall not conduct business which in the opinion of the authority or the registered valuer organisation discredits the profession. Miscellaneous 31. A valuer shall refrain from undertaking to review the work of another valuer of the Same client except under written orders from the bank or housing finance institutions and with knowledge of the concemed valuer, 32. A valuer shi w this code as amended or revised from time to time Date: 26.07.2023 Place: Nellore