Scale of fees to be charged by a registered valuer.
8C. (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, namely:—
(a) On the first Rs. 5,00,000 of the asset as valued 1/2 per cent of the value;
(b) On the next Rs. 10 lakhs of the asset as valued 1/5 per cent of the value;
(c) On the next Rs. 40 lakhs of the asset as valued 1/10 per cent of the value;
(d) On the balance of the asset as valued 1/20 per cent 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 Rs. 500, the registered valuer may charge Rs. 500 as his fees.