CEV GROUP SUPPORTS VALUATION ASPIRANTS WITH THE DEEP DIVE INTO TRANSFER OF PROPERTY ACT, 1882
By: Council of Engineers and Valuers (CEV) – Industry News
As the valuation industry grows in importance across India, IBBI Valuation Examination aspirants require in-depth knowledge of the legal framework governing property transfers. The Transfer of Property Act, 1882 stands as one of the fundamental pieces of legislation shaping how immovable properties are transferred, and understanding it is key to becoming a certified valuation professional.
In a newly released informative video, the Council of Engineers and Valuers (CEV) guides professionals through the Transfer of Property Act, offering a clear explanation of how the law governs sale, mortgage, gift, exchange, assignment, charge, and lien — all of which are crucial for property valuation.
The video explains:
- The legal definitions and processes laid out in Section 3, 5, 6, and 7 of the Act, focusing on property transfers, restrictions, and legal frameworks.
- Special provisions in Section 25 regarding transfers for specific purposes.
- Key concepts of fraudulent transfer under Section 53 and Section 53A, which help professionals assess the validity and market value of a property during valuation.
- The lease, tenancy, and sub-tenancy aspects, detailing how such agreements impact property values, an essential skill for valuation experts working with diverse property types.
The CEV Group’s video aims to demystify the complex legal landscape for IBBI Valuation Examination aspirants. By explaining the nuances of property transfer law, CEV Group ensures that valuation professionals can approach property transactions with both legal knowledge and a strong valuation perspective.
This resource is part of a larger initiative by the CEV Group to provide comprehensive education for valuation practitioners, helping them stay ahead in the rapidly evolving industry.
Watch the video now for expert insights on how property law affects valuation!
