How to Verify a Registered Property Valuer Near You

When buying a home, securing a loan or resolving a legal dispute, an accurate property valuation is essential. A registered property valuer ensures your valuation is legally valid and trusted by banks, courts and tax authorities. 

But how do you find a reliable valuer in your area? This guide explains how to verify a registered property valuer in India with clear steps and practical tips. 

Whether you’re in a metro city or a smaller town, ezyLegal simplifies the process by connecting you with trusted professionals.

Who Are Registered Property Valuers?

Registered property valuers are certified professionals authorized by the Insolvency and Bankruptcy Board of India (IBBI) to assess the fair market value of assets like land and buildings. 

They adhere to the Companies (Registered Valuers and Valuation) Rules, 2017, ensuring their reports are credible for home loans, taxation, insolvency cases or property disputes. 

These valuers hold qualifications in fields like civil engineering or architecture, complete mandatory training and are members of a Registered Valuers Organisation (RVO), such as the IOV Registered Valuers Foundation or ICAI RVO. Their expertise ensures compliance with legal standards.

Why Verifying a Valuer Is Crucial

Hiring an unverified valuer can lead to inaccurate reports, rejected loan applications or legal issues. A registered valuer’s report is recognized by banks, courts and government bodies, ensuring compliance with laws like the Income Tax Act, 1961 and Real Estate (Regulation and Development) Act, 2016 (RERA). 

For instance, IBBI-registered valuers are essential for insolvency cases, while Income Tax Department-registered valuers are required for wealth tax or capital gains calculations. Verifying credentials protects you from fraud and ensures your valuation meets regulatory requirements.

Steps to Verify a Registered Property Valuer Near You

Follow these five steps to confirm a valuer’s legitimacy, using both online and offline methods for efficiency:

1. Identify Your Valuation Purpose

Clarify why you need a valuation. For home loans, banks often provide empaneled valuers. For tax purposes, like capital gains, you need a valuer registered under Section 34AB of the Wealth Tax Act. 

For insolvency or corporate matters, choose an IBBI-registered valuer. Knowing your purpose helps you select the right professional.

2. Check IBBI Registration and RVO Membership

Visit the IBBI Valuer Directory to verify a valuer’s registration. Search by name, registration number (starting with “IBBI/RV/”) or asset class (e.g., land and building). 

Confirm their RVO membership, such as with IOV-RVO or ICAI RVO, as it’s mandatory for IBBI registration. Online checks are quick, but contacting the RVO directly is a reliable offline option, especially for local valuers.

3. Verify Income Tax Department Registration

For tax-related valuations, ensure the valuer is registered under Section 34AB. Since no central online portal exists, request their registration certificate and verify it with a chartered accountant or local Income Tax office. 

This offline method is efficient and ensures compliance for tax filings.

4. Confirm Bank or Local Government Empanelment

For loans, contact your bank for a list of empaneled valuers. For stamp duty or land acquisition, check with local authorities, such as your city’s development authority or collectorate (e.g., Sakala in Karnataka). 

These lists are often available offline at government offices, making it a fast way to find trusted valuers.

5. Review Professional Credentials

Ask for the valuer’s registration certificate, RVO membership proof and a sample valuation report (with client details redacted). Verify their qualifications, such as a civil engineering degree and check online reviews on platforms like Google.

Confirm their PAN and GST details for added assurance. This step can be done online or in person.

Tips for Choosing the Right Registered Valuer

Selecting the right valuer ensures accuracy and saves time. Consider these tips:

• Choose a valuer with at least 5 years of experience in your asset class (e.g., residential or commercial properties).
• Opt for someone with local expertise to reflect accurate market trends in your area, like Bengaluru or Delhi.
• Compare fees, typically INR 5,000 to INR 50,000, based on property type and complexity.
• Check client reviews on trusted platforms for reliability.
• Ensure the valuer has no conflicts of interest, like ties to the property seller.
• Pick a valuer who communicates clearly and provides detailed, compliant reports.

ezyLegal can connect you with verified valuers tailored to your needs. Visit ezyLegal for expert assistance.

Documents to Expect from a Registered Valuer

Ensure the valuer provides these documents in a checklist format:

• IBBI or Income Tax Department registration certificate (specifying asset class).
• RVO membership proof (e.g., IOV-RVO or ICAI RVO).
• Government-issued ID (PAN or Aadhaar).
• Professional qualification certificate (e.g., civil engineering degree).
• Sample valuation report (redacted for privacy).
• Empanelment letter (if working through a bank).
• GST registration certificate (if applicable).

This checklist confirms you’re working with a certified professional.

How to Find a Registered Property Valuer Near You

To find a registered property valuer near you, start with the IBBI Valuer Directory to search by location and asset class. 

Ask your chartered accountant, real estate lawyer or bank for recommendations. Online directories like Justdial or Google Maps can help, but always verify registration independently. 

ezyLegal makes it easy by connecting you with trusted valuers in cities like Mumbai, Delhi or smaller towns.

Legal Implications of Hiring an Unverified Valuer

An unverified valuer’s report can lead to serious issues. Banks may reject loan applications if the report isn’t from an IBBI-registered valuer. In tax disputes, unverified reports may trigger penalties or audits under the Income Tax Act. 

For legal cases, like inheritance disputes, courts may dismiss non-compliant reports. Verifying a valuer’s credentials prevents delays, financial losses or legal complications.

How ezyLegal Can Help

Finding and verifying a registered property valuer can be daunting, especially for first-time property buyers or those navigating complex legal matters. 

ezyLegal simplifies the process by matching you with verified, IBBI-registered valuers who meet your needs, whether for a loan, tax filing or dispute. 

Our platform offers expert guidance to ensure your valuation is accurate and compliant. Visit ezyLegal to get started.

Conclusion

Verifying a registered property valuer near you is straightforward with the right steps. By checking IBBI registration, confirming RVO membership and reviewing credentials, you ensure your valuation is legally valid. 

With a trusted valuer, you’ll have confidence in your loan, tax or legal processes. ezyLegal makes it simple by connecting you with reliable professionals in your area. Start your valuation journey with ezyLegal today.

Frequently Asked Questions

Q1. What is a registered property valuer in India?

Ans1. A registered property valuer is a professional certified by the IBBI or Income Tax Department to assess property values for loans, tax filings, insolvency or legal disputes, ensuring compliance with laws like the Companies Act, 2013.

Q2. How do I verify a valuer’s IBBI registration?

Ans2. Visit the IBBI Valuer Directory, search by name or registration number (starting with “IBBI/RV/”) and confirm RVO membership.

Q3. Can I find a registered property valuer near me offline?

Ans3. Yes, contact your bank, chartered accountant or local authority (e.g., Sakala in Karnataka) for empaneled valuer lists. These methods are quick and reliable.

Q4. What documents should a registered valuer provide?

Ans4. Expect:

• IBBI or Income Tax registration certificate.
• RVO membership proof.
• Government ID (PAN/Aadhaar).
• Professional qualification certificate.
• Sample valuation report.
• Empanelment letter (if applicable).

Q5. How much does a property valuation cost in India?

Ans5. Fees range from INR 5,000 to INR 50,000, depending on property type, location and complexity (e.g., INR 15,000 for a residential flat).

Q6. How long does a property valuation take?

Ans6. Valuations typically take 3–7 days, including site visits and report preparation, based on property complexity.

Q7. What’s the difference between IBBI and Income Tax valuers?

Ans7. IBBI valuers handle insolvency or corporate valuations under the Companies Act, 2013. Income Tax valuers, under Section 34AB, focus on wealth tax or capital gains.

Q8. Why is RVO membership important for valuers?

Ans8. RVOs ensure valuers meet training and ethical standards. IBBI requires RVO membership for valid registration.

Q9. Can banks assign valuers for loans?

Ans9. Yes, banks often provide empaneled valuers for loan valuations. Request their list or verify the valuer’s credentials independently.

Q10. What happens if I hire an unverified valuer?

Ans10. Unverified reports may be rejected by banks, courts or tax authorities, causing delays, penalties or legal issues.

Q11. How do I know if a valuer specializes in my property type?

Ans11. Check their IBBI registration for the asset class (e.g., land and building) and ask about experience with your property type.

Q12. Is verifying a valuer free?

Ans12. Yes, the IBBI Valuer Directory is free and offline checks via banks or local authorities cost nothing.

Q13. Are there valuers for rural properties?

Ans13. Yes, some valuers specialize in rural markets. Check their experience via the IBBI directory or consult ezyLegal for recommendations.

Q14. What documents do I provide to a valuer?

Ans14. Share title deeds, property plans, sale agreements and tax receipts for a smooth valuation process.

Q15. Can I challenge a valuation report if it seems inaccurate?

Ans15. Yes, request a detailed explanation of the valuation methodology. If needed, consult a second registered valuer or seek legal advice via ezyLegal.