Land & Building Valuation

“L & B Valuation” usually refers to Land & Building Valuation—a type of property assessment commonly used in real estate, banking, taxation, and legal matters.

🔍 What is Land & Building (L & B) Valuation?

It is the process of determining the market value of land and any structures (buildings) on it. This valuation helps estimate how much a property is worth at a given time.

📊 Where is it used?

Home loans / mortgage approvals (banks require valuation reports)

Property buying & selling

Income tax / capital gains calculation

Insurance purposes

Court cases or property disputes

Balance sheet / asset valuation for businesses

🧮 Methods of L & B Valuation

Market Comparison Method – Based on recent sales of similar properties

Cost Method – Land value + construction cost – depreciation

Income Method – Based on rental income (for commercial property)

📄 What does an L & B valuation report include?

Property location & details

Land area and building size

Construction quality & age

Market rate analysis

Final estimated value

👨‍💼 Who does L & B valuation?

Government-approved valuers

Civil engineers / architects

Bank panel valuers