Whenever a seller wants to sell his property he is interested in knowing the value of the property so that he does not end up getting a consideration which is less than the actual value of the property. The valuation of the property is done by experts and is done on the basis of the current market price, the location of the property, etc.

Whenever any person approaches the bank or financial institution of financial assistance/ aid, the banks and the financial institutions ask for security to secure the repayment of the principal amount along with the interest thereon. Immovable property is a highly accepted security. The banks and financial institutions are interested to know the valuation of the property kept as security. Usually the value of the security kept by the banks and financial institutions is more than the financial assistance granted by them.