VALUATION REPORT FOR SBFC Finance Pvt Ltd

Date of
Branch: Indore 28-12-2022
Report:
1 Customer Details
a. Applicant Name : Mr.Mangal Solanki
b. Co Applicant Name : NA
c. Name of Property Owner : Mrs.Kala Solanki
d. Loan Type : LAP
e. Application Number : 4021060000180716
2 Property Details
House No. 31, Ward No. 03, New Nagin Nagar,
As per the documents :
Indore. (M.P) - 452006
a. Address :
House No. 31, Ward No. 03, New Nagin Nagar,
As per the site :
Indore. (M.P) - 452006
b. Name on society board : New Nagin Nagar
c. Nearby Landmark : Near City public school
d. Proximity to Civic Amenities : With in 1 KM
e. Nearby Hospital : Parmanand Hospital 1.5 KM
f. Nearby Bus stop : Chandan Nagar 01 KM
g. Nearby Railway station : Indore Junction 6.8 KM
3 Document Details
a. Approved Layout Plan Yes / No : No
b. Name of Approving Authority : NA
c. Approval No. : NA
e. Approved Building Plan (Yes / No) : No
f. Approval No. : NA
g. Rajachitthi / Construction permission(Yes / No) : NA
h. Approval No. :
RERA Registration Number(If property registered
i. : NA
withRERA)
j. Violations Observed if Any : NA
k. Legal Documents(Yes / No) : Yes
Co-Ownership Deed No. MP179152020A1080447,
Dated 31/01/2020 between Mr. Mangal Solanki and
l. List of Documents Provided :
Mrs. Kala Solanki for the said plot area 750 Sq.ft

4 Physical Details : As per Document As per Site

East : Road Road
West : Other House Other House
House No.30 of Mr.
North : House of Mr. Suresh Chouhan
a. Adjoining Properties Suresh Chouhan
House No.32 of Mr.
Shubham Thakur
South : House of Mr. Ranjeet Thakur
S/o Late Mr.
Ranjeet Thakur

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 b. Matching of Boundaries Yes/No(If no then remarks) : Yes, boundaries are matching
As per sanctioned / As per Site /
C. Margin/ Setbacks :
permissible Actual
Front : NA NA
Left side : NA NA
d. Margin / Setbacks
Right side : NA NA
Rear : NA NA
e. Plot Demarcated : Yes
f. Approved land use : Residential
g. Within MP / GP limit : YES,IMC
h. No. of Rooms : NA
i. (As per site) Rooms : GF- 1 BHK, FF- 2 Room
j. Toilets : Yes
k. Kitchen : Yes
5 Property and Structural details
a. Total No of floors (As per sanctioned) : NA
b. Total No of floors (As per Site / Actuals) : G+1
c. Floor on which the property is located : Entire Property
d. No of wings : 0
e. Approx. age of the property (Y.O.C.) : 25 Years
f. Estimated Future Life : 35 Years
g. Type of structure : RCC Slab
h. Plot Demarcated at site : Yes
i. Land Freehold or Leasehold, term of lease, : Freehold
j. period expired, balance and lease rent : NA
k. Type of Usage of the entire property : Residential
l. Additional Amenities (within the property) : NA
m. Type of Premises : Residential
n. Occupied by : Partly self-occupied by Owner and Tennant
o. No. of years of occupancy : 4 Years
p. Relationship of tenant to owner : NA
q. Name of Person met at site & Contact no : Mrs. Kala Solanki, 9753579781
r. Condition of approach road : Average
s. Property identified through : 15 Feet
t. Type of nearby locality : Residential
6 Stage of Construction
a. Under Construction / Completed : Under Construction
Estimated % of completion 65 and the stage of the
b. Recommendation :
construction is 75.
Approved Building Plan was not provided hence
c. Violation if any observed :
cannot comment
Actual Construction on higher side of approved Plan than
d. how much amount of Demolition risk involved in the : Low Risk
same

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 Location of property in legal / illegal colony / GP(is in list
e. : Unauthorized by IMC illegal List
of regularization or not )
Any Kind of property cutting risk is available in near
f. : NO
future
If any kind of property cutting risk is available than what
g. : NA
would be the property market Value
8 Violation/Risk Details
a. Beam & Column Structure : Average
b. Appearance & Maintenance of Building : Average
c. Common Areas Remarks : NA
d. Flooring & finishing, wood work, etc : Cement/Concrete
e. Roofing and terracing : RCC
f. Quality of fixtures and fittings : Regular
Sanctioned
Floor Actual Area adopted for valuation Rate Value
plan
Ground Floor 750 NA 750 1000 Rs.7,50,000
First Floor 750 NA 0 0 Rs.0
Total 1500 0 750 - Rs.7,50,000

9 Area Details of the Property

a. Government ready reckoner guideline rate /Sq Ft : Rs.576/-
b. Land Area (Sq Ft) : 750
c. Land Rate (Rs.) / Sq Ft : Rs.2000/-
d. Land Value (Rs.) : Rs.15,00,000/-
e. Loading : 0
f. Built up Area : 750
g. Construction Area (Sq Ft) : 750
h. Construction Rate (Rs.) / Sq Ft : 1000
i. Depreciation for a past age of building in 0% : Rs.0
j. Depreciated Construction Value (Rs.) : Rs.7,50,000
Amenities Available in the property (Consider only on the
k. basis of Documented proof like paid parking/Swimming : 0
pool/Pond or any other)
10 Valuation (Total Value in Rs.)
a. Govt. Ready reckoner / guideline Value : 576
b. Market Value : Rs.22,50,000.00 /-
c. Realisable Value @ 90% : Rs.20,25,000 /-
d. Distress Value (80% on 100% completion of the property) : Rs.18,00,000 /-
e. Or Say Total Value Rs. : Rupees Twenty Two Lakh Fifty Thousand only
f. Marketability - For sale - Yes / No(If yes value in amt.) : Average
Marketability - For rent / leaseYes / No, (If yes than
g. : Average
amt.per sq. Ft.)
h. Geo Goordinates : 22.715625 75.820205
Assumptions / Remarks

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 1. Property is double storied house
2. Only copy of co ownership deed was provided
3. Plot area considered as per deed and Built up area as per permissible norms
4. Approved building plan and TNCP layout not provided hence cannot comment on approval, As per IMC Illegal list,
subject locality is Unauthorized and as per master plan 2021, subject property land use is residential, Master plan
screenshot attached in photographs, it is advised to check the same and obtained necessary approvals before
proceeding further.
5. As on site, staircase to upper floor is not constructed in valued plot, as on site staircase is constructed on adjoining
house no.30 which is belong to owners relative Mr Suresh Chouhan, thus upper floor area not considered in report.
6. As on site construction work not found in progress and as on date, ground floor incomplete, Structure with brick,
Slab & plaster work done, rest all work is pending, and first floor structure with brickwork and slab is done, rest
other work pending, current stage is 70% , however built up rate considerd accordingly
7. As on site, Ground floor is occupied by owner, First floor occupied by Tennant Mr. Sheru at rent of Rs 4000/- per
month since 4 Years.
8..Property identified through four side boundaries mentioned in coownership deed only, No any previous documents
provided, it is advised to legal clearance before proceeding further .
9. Final report released on the basis of details provided.
11 Declaration
1 The property was inspected by the undersigned
2 The undersigned does not have any direct and indirect interest in the above property.
The information furnished above is true and correct to the best of our knowledge and belief.
3
Date of Report : 28-12-2022
4 Date of inspection : 28-12-2022
5 List of Documents enclosed : NA
6 List of Photo enclosed : Property pictures obtained during the site visit
Details of the proximities available to the subject
7 Remarks :
property are captured in the annexure.
8 Name of Engineer visited property & contact no : Mayank Nagar
Digitally signed

For Yuvaan Consultants :

Sachin by Sachin Joshi
Date:

Joshi
2022.12.28
19:38:25
+05'30'

Date :28-12-2022 : Authorised Signatory

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 Site Image

Applicant Name Reference No

Mr.Mangal Solanki 4021060000180716

Elevation

Elevation Elevation

Others Interiors

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 Site Image

Applicant Name Reference No

Mr.Mangal Solanki 4021060000180716

Interiors Interiors

Interiors

Interiors Interiors

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 Annexure

Applicant Name Reference No

Mr.Mangal Solanki 4021060000180716

Master Plan

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 Route Map

Satellite Map

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 Annexure

Locational Intelligence :

Landmark Distance from subject

Sl.no Nearest Landmark
Nature property
1 Bus station Chandan Nagar 1.01 km
2 Airport Aircrews Aviation Private Limited 1.02 km
3 Train station Lokmanya Nagar 3.86 km
4 Hospital Plus point medical 0.29 km
5 Police Chandan Nagar, Police Station 1.25 km
6 Post office Airport Road Post Office 1.11 km
7 Pharmacy Rammu Medical And Janral Store 0.13 km
8 Atm State Bank Of India ATM - Kalani Nagar Branch 0.38 km
9 Bank Bank of Baroda - Kiosk Banking 0.68 km
10 Cemetery Shia Dawoodi Bohra Qabrastan Noorani Nagar 0.94 km

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