Rule 248 caps a registered valuer's fee on a sliding scale from 1/2% on the first Rs. 5,00,000 down to 1/20% on the balance, treats several assets valued for one assessee as a single asset, sets a Rs. 5,000 minimum, and prescribes Form No. 170 for the valuation report.
248
Rules 2026 · Rule 248
Charging of fee and submission of valuation report under section 514
Rules 201-260
Fee ceiling (sub-rule 1). The fee must not exceed the amount worked out as: 1/2% of the value on the first Rs. 5,00,000 of the asset as valued; 1/5% on the next ten lakh rupees; 1/10% on the next forty lakh rupees; and 1/20% on the balance.
Other points (sub-rules 2 to 4). Where two or more assets are to be valued at the assessee's instance, they are deemed a single asset for working out the fee. If the calculated fee is less than Rs. 5,000, the valuer may charge Rs. 5,000. The valuation report under section 514(3) is in Form No. 170.