Owners who are dissatisfied with the valuation results of their respective properties now have an avenue to challenge or request for clarification on their reports, said the Valuation and Property Services Department (JPPH).
JPPH is urging such individuals to lodge an appeal at the Petaling Land Office to have their queries recorded. It said the appeal will then be channelled to JPPH for review.
Following this, the result of the review will be sent back to the petitioner in the form of a notice via the Petaling Land Office, said the department.
Alternatively, the public can also channel their queries to JPPH via its website, www.jpph.gov.my.
This was announced in response to news articles revealing that a number of property owners were concerned over a lack of transparency about the valuation process and were seeking clarity on land valuations by JPPH.
Recently, a group of bungalow owners along the prime Jalan Gasing locale in Petaling Jaya complained that there was a disparity of valuation results between private and government valuers.
The land price for their properties based on JPPH’s valuation was indicated to be RM418psf, while the private valuer’s result was about RM306.70psf. This is a price difference of 26.7 per cent.
The owners said that the higher valuation price represents a higher cost when they convert their properties from residential title to limited commercial.
In response, JPPH said the disparity in the valuations conducted by private valuers and JPPH is likely due to the adoption of a different valuation basis. However, the department’s valuation methods are sound and in accordance with transactional records for properties in the area. Variations also depend on the exact location of individual properties.
JPPH said that members of the public who are keen to have access to transactional information can purchase current data from JPPH offices or refer to JPPH’s Property Market Report, which is also available on its website.