Our house is let to a foreign mission. Does that raise the value?

Often yes, because the income is steady and the covenant is strong. How much depends on the lease terms, which we read as part of the work rather than taking on trust.

The house is from the seventies and has never been rebuilt.

In this colony that changes the total less than you would think, because the land carries nearly all the value. We show the split so you can see it for yourself.

Can we borrow against a property that is let to a mission?

Generally yes, and the income can help. Lenders will want the lease, and a tenanted property is assessed on how easily it could be realised, which the lease terms affect.

Is a category A band a guide to what it is worth?

No. It is the floor for registration. In Vasant Vihar the gap between the notified figure and the market figure is among the widest in Delhi, and the report explains it.

Bank Loan Valuation in Vasant Vihar

Vasant Vihar is a land market with houses on it, and a good part of that land is let to embassies and foreign missions. Both facts change what a bank valuation has to establish.

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Institutional tenancies are part of the market

Embassy and mission tenancies are a genuine feature here, and a property with such a tenant carries a different value from an empty one. A long lease to a solid institutional tenant produces steady income, and buyers pay for that.

The lease terms decide how much. We read the agreement rather than assume, because the remaining term, the escalation and the break rights all change the figure a lender should be shown.

Land carries the value

Plots here are large and land is the overwhelming share of value, which means the age of the house matters far less than owners expect. A seventies house on a full plot is not the problem it would be in a flatted colony.

The report shows land and structure separately so the split is explicit. That is also what makes the depreciation question easy to answer when a lender raises it.

Size, and why neighbouring rates do not transfer

Plots are large enough that rates from smaller colonies do not transfer meaningfully, and the same quantum effect applies as in Punjabi Bagh. We use evidence from comparable plot sizes within the colony and its immediate neighbours.

Vasant Vihar sits in category A, the highest band in the Delhi circle rate schedule. Even so, market rates here run well above the notified figure.

South Delhi documents

Sale deed and chain, sanctioned plan, the lease where the property is let, and property tax receipts. Registration for a South Delhi property goes through the sub registrar office covering that district.

Questions we get in Vasant Vihar

Our house is let to a foreign mission. Does that raise the value?: Often yes, because the income is steady and the covenant is strong. How much depends on the lease terms, which we read as part of the work rather than taking on trust.
The house is from the seventies and has never been rebuilt.: In this colony that changes the total less than you would think, because the land carries nearly all the value. We show the split so you can see it for yourself.
Can we borrow against a property that is let to a mission?: Generally yes, and the income can help. Lenders will want the lease, and a tenanted property is assessed on how easily it could be realised, which the lease terms affect.
Is a category A band a guide to what it is worth?: No. It is the floor for registration. In Vasant Vihar the gap between the notified figure and the market figure is among the widest in Delhi, and the report explains it.

Checked by Parish Rao, Chartered Engineer and Government Approved Valuer (Registration number CAT-I/443/117/2000-01).

Page last checked on 7 October 2026.