Kaagazaat

Broker's Price Opinion Letter

At a glance

Price: Free, always.
Stamp duty: No stamp duty — a letter reminding and requesting payment creates no right in property and is not a chargeable instrument.
Registration: Not registrable and not meant to be.
Witnesses: None needed.

Free

Free, always.

Free: up to 5 documents a day.

Guided questions, full draft on screen, download in Word.

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Also called

broker price opinion
BPO
market price opinion
price assessment letter
property price opinion
rental opinion letter
कीमत की राय
बाज़ार भाव की राय

When you need it

Use this when an owner or a buyer asks a broker what a property is likely to fetch, and the broker wants to answer in writing: a price or rent range, what it is based on (recent similar deals), whether the broker saw the property, and whether the broker has any interest. It says plainly that it is an opinion, not a valuation.

Not a valuation report by a registered valuer, which a bank, a court or the tax office may require; use the Property Valuation Request Letter to ask for one. Not a brokerage agreement. Not a promise of price.

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

Fill this one in

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

No stamp duty — a letter reminding and requesting payment creates no right in property and is not a chargeable instrument. Plain paper is enough.

Registration

Not registrable and not meant to be.

Notarisation

Not required.

Witnesses

None needed.

Request Stamp Paper

Sample preview — placeholder answers, not your data

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BROKER'S PRICE OPINION LETTER

A broker's non-binding opinion of the likely price or rent of a property

Date: 1 April 2026

To:
Gurpreet Singh Sandhu
House No. 1147, Sector 70, SAS Nagar (Mohali), Punjab 160071

From:
Rajinder Kumar Bansal, trading as Bansal Property Consultants
SCO 22, Phase 3B2, SAS Nagar (Mohali), Punjab 160059
Mobile: 98765 43210
Email: name@example.com
Real estate agent registration number: X

Subject: Property at House No. 1147, Sector 70, SAS Nagar (Mohali), Punjab 160071: my opinion of the price it may fetch on sale

Dear Sir / Madam,

1. The property

A two-storey house on a plot of 250 square yards, four bedrooms, about ten years old, in good condition

2. My opinion

2.1 In my opinion, the price it may fetch on sale is in the range of ₹80,00,000 (Rupees Eighty Lakh only) to ₹88,00,000 (Rupees Eighty Eight Lakh only).

2.2 For about 30 days from the date of this letter that range is a reasonable view of the local market. After that, ask me again.

3. What it is based on

Two houses of similar size in Sector 70 changed hands in the last six months at about Rs 80 lakh and Rs 86 lakh; this one has a larger lawn but needs repainting.

4. Whether I saw the property

I visited the property on 5 October 2026.

5. My interest

I have no interest in the property other than the brokerage I may earn if I am engaged.

My interest: X

6. What this letter is not

6.1 This is the opinion of a property broker, given from what I know of the market. It is not a valuation by a registered valuer. It must not be used as one for a bank loan, for stamp duty, for tax, for a partition or for any court or government purpose.

6.2 Prices and rents change with demand, and a real buyer or tenant may pay more or less. I do not promise that the property will fetch a price or rent in this range.

6.3 I have not checked the title to the property, its papers, any loan on it or any dues. My opinion assumes that these are clear. You should have the title checked by an advocate before you sign any deal.

Yours faithfully,

_________________________
Rajinder Kumar Bansal
Date: 1 April 2026

Questions about this document

Does the Broker's Price Opinion Letter need stamp paper or stamp duty in Punjab and Chandigarh?

No stamp duty — a letter reminding and requesting payment creates no right in property and is not a chargeable instrument.

See the full position on stamp duty, registration and witnesses

Does the Broker's Price Opinion Letter need registration in Punjab and Chandigarh?

Not registrable and not meant to be.

See the full position on stamp duty, registration and witnesses

What does the Broker's Price Opinion Letter cost on Kaagazaat?

Free, always.

Does the Broker's Price Opinion Letter need witnesses?

None needed.

See the full position on stamp duty, registration and witnesses

Often needed with this document

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