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I want to avail a loan for my property. So how can bank value my property?
asked Sep 7, 2017 in Home Loan by saheel (91 points) | 56 views

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If you are buying a new property, the value of your property determined entirely by your sale agreement or the builder issued letter. This is where the builder has stated the price you will pay (including taxed but excluding stamp duties) for buying the house.
For resale property, the sale agreement is the document that form basis for loan issual. The bank will however cross-check this price with the guidance value to determine if the price being paid is in line with market trends.
answered Sep 12, 2017 by Mahadev (164 points)
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