THE CEV GROUP UNVEILS IN-DEPTH GUIDE FOR IBBI VALUATION ASPIRANTS ON THE TRANSFER OF PROPERTY ACT, 1882
By: Council of Engineers and Valuers (CEV) – Press Release
In an effort to equip professionals preparing for the IBBI Valuation Examination, the Council of Engineers and Valuers (CEV), in collaboration with CEV IAF RVO, has released a new informative video aimed at simplifying the complexities of the Transfer of Property Act, 1882. This video focuses on providing an in-depth analysis of the legal framework governing the transfer of immovable property in India, an essential subject for all valuation professionals.
The Transfer of Property Act, 1882 serves as the bedrock for various property transactions, including sale, mortgage, lease, gift, exchange, and assignment, and it is vital for valuation experts to have a clear understanding of its provisions. By breaking down the critical sections of the Act, such as Sections 3, 5, 6, 7, 25, 53, and 53A, the video addresses the legal principles behind property transfer and how they directly affect valuation processes.
Notably, the video explains the impact of leases, tenancies, and sub-tenancies on property valuation. These elements are crucial for professionals who need to consider how different modes of property transfer, restrictions, and legal limitations affect property values. Understanding these provisions is key to ensuring accurate, legal, and fair property appraisals.
The CEV Group aims to demystify the Act for professionals seeking to qualify in valuation, offering them the resources and guidance needed to approach the examination with confidence.
This initiative comes at a critical time for the growing number of valuation professionals pursuing certification through the IBBI. The video is available for free viewing and aims to serve as a valuable tool for both new and experienced practitioners.
For more information, visit the official CEV website.
