Profession

Registered valuers in India: the IBBI register

Who is a registered valuer for land and building, what the Companies Rules require, how to check the IBBI register, and what its page says about use.

In short

In India, a “registered valuer” is a person registered under section 247 of the Companies Act, 2013 and the Companies (Registered Valuers and Valuation) Rules, 2017. These are central rules, and the register is kept by the Insolvency and Bankruptcy Board of India (IBBI). The register lists valuers by asset class, and Land and Building is one of three. On 14 October 2026 it showed 6,327 records, last updated on 8 October 2026. The Rules govern valuations needed under the Companies Act; they do not say that a home buyer must hire a registered valuer.

What the valuer does

A valuer gives a written opinion of what an asset is worth. For a property, that means a value for land and a building, based on the valuer’s method and inputs. People ask for one for a loan, a sale, a partition between heirs, an insurance claim or a dispute. The Rules define an “asset class” as “a distinct group of assets, such as land and building, machinery and equipment … that can be classified and requires separate set of valuers for valuation”.

A valuation is not a price. The seller sets the asking price, and the stamp duty authority of your State may use its own rate for duty purposes: see circle rate and guidance value.

What the law says

  • Source of the rules. The Rules are made “in exercise of the powers conferred by section 247 read with sections 458, 459 and 469 of the Companies Act, 2013”.
  • Scope. Rule 1(3) says the Rules apply to valuation “in respect of any property, stocks, shares, debentures, securities or goodwill or any other assets or net worth of a company or its liabilities under the provision of the Act or these rules”. The same rule adds that “conduct of valuation under any other law than the Act or these rules by any person shall not be affected”. So a registered valuer is required where the Companies Act requires one. We did not find, in the Rules, any duty on a private buyer to use one.
  • Who can be registered. Rule 3 requires, among other conditions, that the person is “a valuer member of a registered valuers organisation”, has passed the valuation examination, has the qualifications and experience of rule 4, and is “a person resident in India” within the meaning of the Foreign Exchange Management Act, 1999. The Rules also require that the person has not been convicted of certain offences.
  • Land and Building qualifications. The qualification table reads: graduate in civil engineering, architecture or town planning, “or equivalent”, with five years of experience; or a postgraduate in those courses who also holds a postgraduate qualification in valuation of land and building or real estate valuation, with three years.
  • Valuer organisations. An amendment notified as G.S.R. 432(E) on 1 June 2026 changes rule 12(1)(i): a registered valuers organisation must have “a minimum paid-up share capital of twenty-five lakh rupees”, and one that does not have it on the commencement date must comply “on or before 31st March, 2028”. This concerns the organisations, not the valuer’s fees.

How to check a registered valuer

  1. Ask the valuer for the IBBI registration number and the asset class on the certificate.
  2. Open the IBBI register at ibbi.gov.in/service-provider/rvs. The search fields are “Registration No”, “Name of RV”, “Location” and “Asset Class” (Land and Building, Plant and Machinery, Securities or Financial Assets).
  3. Read the columns: registration number, name, address, e-mail, the registered valuers organisation (RVO) the valuer is enrolled with, the date of registration, the asset class and “Remarks”.
  4. Check that Land and Building is the asset class. A valuer registered for Plant and Machinery or for Securities or Financial Assets is not registered for your property.
  5. If the valuer is a firm or company, use the entities page, ibbi.gov.in/service-provider/rvo-entities. It shows the entity, its directors or partners with their registration numbers, and the asset classes with the date each took effect.

The register displays addresses and e-mail addresses of individuals. Payotte does not copy them. Check only the person you are about to hire.

What the register’s page says about use

We read the register page on 14 October 2026. Apart from the footer line “This is the Official Website of the Insolvency and Bankruptcy Board of India”, the only notice is “Copyright © 2018. All Rights Reserved.” The page has no separate terms of use or disclaimer. The entities page shows “Last updated on: 08 Oct 2026” and no note either. We did not find a website policy page, so we do not state what use of the data is permitted. Payotte copies no rows; it points you to the official search.

What it costs

The Rules do not set a fee for a valuation. They do set conduct rules for the valuer, in the Model Code of Conduct (Annexure I):

  • “As an independent valuer, the valuer shall not charge success fee.”
  • “A valuer shall provide services for remuneration which is charged in a transparent manner, is a reasonable reflection of the work necessarily and properly undertaken, and is not inconsistent with the applicable rules.”
  • “A valuer shall not accept any fees or charges other than those which are disclosed in a written contract with the person to whom he would be rendering service.”

So ask for the fee in a written contract before the visit, and ask what the report will cover. We give no rupee figure because we found no official scale.

Which professional to consult

A property lawyer (advocate) can tell you whether a valuation is needed for your transaction (see property lawyers). Your lender can tell you which valuers it accepts for a loan: see home loan lenders. An architect is a different professional, registered with the Council of Architecture (see architects).

Questions to ask

  • What is your IBBI registration number, and is Land and Building listed?
  • Which registered valuers organisation are you enrolled with?
  • What does the fee cover, and is it in a written contract?
  • What method and inputs will you use, and what date will the value refer to?
  • Do you have any interest in the property or in the sale?

Frequently asked questions

Do I need a registered valuer to buy a flat?

We found nothing in the Rules that requires it. They apply to valuations under the Companies Act. Ask your lender and your lawyer about your case.

Is a registered valuer the same as a lender’s valuer?

Not necessarily. Whether a lender’s valuer is on the IBBI register is a question for the lender; we did not find a rule on this in the sources we read.

Can a non-resident be a registered valuer?

Rule 3 requires the person to be “a person resident in India” as defined in the Foreign Exchange Management Act, 1999.

What is the difference between Land and Building and the other classes?

The register lists three: Land and Building, Plant and Machinery, and Securities or Financial Assets. Each needs its own qualifications and registration.

Can Payotte recommend a valuer?

No. Payotte explains the rule and the place to check, and lists no valuers from this register.

Sources