Frequently Asked Questions
Valuation depends on several factors, such as:
Location & surroundings
Type of property (residential, commercial, land)
Age & condition of the building
Market trends
Government circle rate
Dr. Bansal uses approved valuation methods like cost approach, market approach, or income approach based on the property type.
Painting valuation is the process of professionally assessing the monetary worth of a painting or artwork based on factors like artist, age, medium, provenance, condition, and market demand.
Art collectors and investors
Museums and galleries
Insurance companies
Legal heirs or estate planners
Visa applicants (for asset declaration)
Art dealers and auction houses
Only a Government Approved Valuer with relevant experience in fine arts, like Dr. S. N. Bansal, is legally authorized to issue valuation certificates accepted by courts, embassies, banks, and insurance firms.
Name and recognition of the artist
Rarity and originality of the work
Medium used (oil, acrylic, watercolor, etc.)
Size and condition
Year of creation and historical relevance
Provenance (ownership history and authenticity)
Market demand for the artist’s work
Title and description of the painting
Artist name and background (if known)
Medium, dimensions, and condition
Estimated current market value
Basis of valuation (market sales, auction trends, etc.)
Valuer’s seal, registration number, and signature
Yes. Both traditional and contemporary artworks, including emerging artists, can be professionally valued based on current market trends, exhibition records, and artist recognition.
Yes. A certified painting valuation from a Government Approved Valuer is often used to prove asset strength in visa applications for countries like Canada, UK, Australia, etc.
Yes. A physical inspection is typically conducted to assess condition, medium, signature, frame, and authenticity. Photographs and documentation also help.
They are helpful but not mandatory. Dr. Bansal can still conduct valuation based on physical examination and available provenance details.