Rule 248
Charging of fee and submission of valuation report under section 514
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(1) Subject to the provisions of sub-rules (2) and (3), the fees to be charged by a registered valuer for valuation of any asset shall not exceed the amount calculated at the following rates:––
| (a) | on the first ₹ 500000 of the asset as valued | 1/2 % of the value; |
|---|---|---|
| (b) | on the next ten lakhs rupees ofthe asset as valued | 1/5 % of the value; |
| (c) | on the next forty lakhs rupees ofthe asset as valued | 1/10 % of the value; and |
| (d) | on the balance of the asset as valued | 1/20 % of the value. |
(2) Where two or more assets are required to be valued by a registered valuer at the instance of an assessee, all such assets shall be deemed to constitute a single asset for the purposes of calculating the fees payable to such registered valuer.
(3) Where the amount of fees calculated in accordance with sub-rules (1) and (2) is less than ₹ 5000, the registered valuer may charge ₹ 5000 as his fees.
(4) The report of valuation by a registered valuer in respect of any asset under section 514(3), shall be in the Form No. 170.