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Practising Valuers Association (India)
Purposes of Valuation Work

Purposes of Valuation Work.

Various Kinds of purposes of Valuation Work

A valuation is undertaken for one or more of several purposes, namely: to determine the value of a assets; to estimate the cost of producing, acquiring, altering, or completing an asset: to estimate the monetary amount of damages to an asset; and to forecast the monetary earning power of an asset. In specific instances, the work may have additional purposes, such as: the formulation of conclusions and recommendations or the presentations of alternatives (and their consequences) for the client's actions.

Objective Character of the Results of a Valuation Undertaking
 
The primary purpose of a monetary valuation, is determination of a numerical result, either as a range or most probable point magnitude, the rupee amount of a value, the rupee amount of an estimated cost, the rupee amount of an estimated earning power. This numerical result is the purpose and is unrelated to the desires, wishes, or needs of the client who engages the valuer to perform the work. The amount of this figure is independent of what someone desires it to be. All the principles of valuation ethics stem from this central fact.
 
Your Thirst for Validation
 
In short, PVAI-accredited valuers are experts. The meticulous PVAI accreditation process ensures that PVAI-accredited valuers are accurate, impartial, and credible. They are educated and experienced in their fields and are respected members of their communities. They can deliver independent valuations that assure your property is appraised at its fair market value.