How it works
Your branch sends the case to a valuer on its panel, with your contact details.
The valuer's office asks for copies of the title papers and the plan, usually on WhatsApp or email.
An engineer visits: measurements, photographs, boundaries, construction and occupancy.
Areas and approvals compared with the documents; deviations noted.
Market evidence near the property reconciled into a rate, and the values worked out.
The signed report goes to the bank in its own format; the bank decides the loan.
What the valuer checks on site
- The location, the approach road and the neighbourhood
- Boundaries against the deed, and the measured area against the approved plan
- Construction quality, age and condition; lifts, parking, water and power
- Floors or extensions beyond the approved plan — not counted in the value, and reported as deviations
- Who occupies the property — the owner, a tenant, or nobody
The values in a bank report
| Value | What it means |
|---|---|
| Fair market value | The price the property would fetch today between a willing buyer and a willing seller |
| Realisable value | What the bank expects to recover in a normal sale — a percentage of market value set by the bank and the property type |
| Distress value | What a forced, quick sale would bring — a lower percentage |
| Guideline value | The government's rate for stamp duty — the jantri in Gujarat, the ready reckoner in Maharashtra; a reference, not the market value |
| Insurable value | The cost of rebuilding the structure, for insurance; land is excluded |
Why the value can differ from your price
- Builders' rates and asking prices include premiums — floor, view, corner — that resale evidence may not support
- Stamp duty, registration and GST are costs of buying, not part of the property's value
- Furniture, appliances and loose interiors are not valued
- Construction beyond the approved plan is not counted
- The area basis — carpet, built-up or super built-up — must match the rate; a mismatch is the commonest surprise (area guide)
Banks usually lend a percentage of the lower of the agreement price and the assessed value, under their own policy and the Reserve Bank's limits.
Documents to keep ready
- Flat: the sale deed or agreement with its index copy, the share certificate or allotment letter, the approved plan, BU permission, the tax bill and the society NOC
- Bungalow or plot: the deed, the 7/12 or property card, the NA order, the approved plan and BU permission
- Under construction: the agreement for sale, the RERA registration, the approved plan and the builder's demand letters
The document checklist builds the list for each property type and shares it on WhatsApp.
How long it takes
Reports on flats, bungalows and shops reach the bank 48–72 hours after the visit once the documents are complete; industrial properties take about a week.