Bank loan valuation in Chandigarh

A Chandigarh lender asks two questions before it asks about value: is this property leasehold, and is it on the Chandigarh side of the line. We write bank format reports that answer both up front.

Leasehold and the mortgage

A leasehold sector house is lent against as a leasehold interest. Banks usually want the Estate Office's permission to mortgage it, and they look closely at whether earlier transfers were properly permitted. A freehold house is simpler. The report states which it is and what the records show.

Building violations

Chandigarh's building rules are strict, and additions that were never approved are common in older houses: an extra room on the roof, a covered courtyard, a garage turned into a room. A bank wants to know, because a violation can affect what it could sell. We record what is built against what is approved, without drama, so the credit team can decide.

What we deliver

• Your lender's own report format.
• Market value and forced sale value.
• Leasehold or freehold status, and visible deviations from the approved plan.
• Inspection across the tricity, report in 48 to 72 hours.

Loans against an old family house

Many Chandigarh owners hold a sector house bought decades ago and now worth many times its old value. For a loan against property, a current valuation with recent sector sales usually supports a far larger sanction than the figure on any old document. The leasehold or freehold status still has to be stated, because it decides how the bank treats the security.

Everything we do in Chandigarh
How bank loan valuations work