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Valuation of Immovable Properties for various purposes such as Wealth tax, Income tax, capital Gain tax calculation, Visa purposes, Bank Security Mortgage, Property distribution in Family or amongst Partners, O.D Purposes against Property, Rental Calculations, Stamp Duty Calculation, Insurance of Property, House Tax Calculations, Valuations of big areas of land by Developers method and many more purposes

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Property Valuation - Security Deposits with Power Supply Companies

Electricity supply companies, everywhere, demand a security deposit from their consumers, which is equal to that of consumer’s average quarterly consumption. With the continuous increase in electricity rates, the bill for one’s quarterly consumption also keeps increasing, consequently the security deposit that has to be paid keeps going up. The impact of this increase is felt most keenly by industries such foundry or heavy engineering where power consumption is very high. In one typical case an industry has, with the help of revaluation reports, succeeded in offering mortgage of its fixed assets as a security to power company by creating a second charge on it. The second charge could be created, because assets already mortgaged to the bank, when revalued, were found to be higher in value at prevailing market prices.

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