The Board of Valuers, Appraisers and Estate Agents (statutory regulator of the valuation of immovable property and the valuation profession) has prescribed a standard fee structure in the SEVENTH SCHEDULE (RULE 48).

According to this standard, for retrospective valuations:

• Fees up to ten times the scale fees may be charged, depending on negotiations with the client.

• However, such valuations shall not apply to land acquisition valuations.

• Such valuations must be retrospective to at least 5 years from the current date.