Valuation of assets plays an important
and critical role in the economy. It is a vital component in the
decision making process in the fields of Taxation, Judiciary and
Founded in 1968, the Institution of Valuers is the
apex body of Valuers of different categories in India.
The Institution today has more than
25,000 members all over India.
The National Headquarters are situated
in Delhi. Over the years, 45 branches have been started in state
capitals, and other major cities, covering a total of 18 states.
In Tamilnadu, there are 4 branches at
Chennai, Coimbatore, Madurai & Tiruchirappalli.
Professional Code Of Conduct For Corporate
To ensure mutual co-operation
amongst members by free interchange of opinion and experience.
To endeavor to protect the
profession of valuation concerning all categories from
misrepresentation and misunderstanding.
To express an opinion only when it
is found on adequate knowledge and honest conviction if he is
serving as witness before a court of commission.
To hold in regard the professional
reputation of other Corporate members and not to injure directly
or indirectly the professional reputation or practice or another
To exercise the restraint in
criticizing the work of another Corporate Member.
To refrain from associating in
work with another valuer who does not conform to ethical
To refrain from misrepresenting
his qualification to a client or the profession.
To treat all information acquired
during the course of the business strictly confidential unless
released by the client or demanded by a court of Law.
To present clearly the consequence
to be expected if the professional judgement is overruled by a
non professional adequacy of work.
To observe integrity and fair play
in the practices of the profession of Valuation.
To refrain for undertaking to
review the work of another Corporate member of the same client
except under Government orders and / or with the knowledge of
the First Corporate Member.
To present the information to the
Council of Institution for action if a Corporate member
considers that another Corporate Member is guilty of the
unethical, illegal or unfair practice.
To order his conduct according to
the professional standards and customs of country when a
Corporate Member is engaged in valuation work in a country
abroad and to adhere as closely as is practicable to the
principles of his code.
To give unbiased valuation report
conforming to the objective opinion of the property and not to
attempt merely to accommodate the interests of the client.
To steer clear of situations where
interests and duty clash.
To refrain from entertaining a
client who either fails to declare that he had nor engaged
another valuer for the same valuation or produces a clearance
certificate of no objection from the other valuer if already
To conduct yourself and the
profession in a manner which will not prejudice your
professional status or the reputation of the Institution.
To follow this code as amended and
or revised from time to time.
2nd October is Valuers Day
Valuers Day is celebrated on
Gandhiji's Birthday every year. It was on this day in 1968, when
the Institution of Valuers was founded.