Rule 173 sets the supervisory roles of Regional and District Valuation Officers and, for buildings and land, divides valuation work by value: a District Valuation Officer above five crore rupees, a Valuation Officer between one and five crore rupees, and an Assistant Valuation Officer up to one crore rupees.
173
Rules 2026 · Rule 173
Jurisdiction of Valuation Officers as per section 2(110) read with section 269
Rules 131-200
Roles (sub-rule 1). Regional Valuation Officers exercise general supervision, within the areas the Board directs, over District Valuation Officers, Valuation Officers and Assistant Valuation Officers, who perform a Valuation Officer's functions for the areas and classes of assets the Board directs. For buildings, lands and rights in them, where those functions are assigned to the three grades, the officer who performs them depends on the value: a District Valuation Officer for more than five crore rupees; a Valuation Officer for more than one crore rupees and up to five crore rupees; and an Assistant Valuation Officer for up to one crore rupees.
What value counts (sub-rules 2 to 4, 7). On a reference under section 78(2), the stamp duty value of the capital asset; on a reference under section 91(1), the value claimed by the assessee; otherwise the latest value declared in the assessee's return for any tax year, and if none is ascertainable, the functions are performed as the District Valuation Officers direct. The value is that of the asset as a whole, whether owned individually or jointly.
Taking over work (sub-rules 5 and 6). A District Valuation Officer may personally perform the functions for assets in the middle band, and a Valuation Officer for assets in the lowest band, where considered necessary or expedient for proper and efficient management of the work.