3.3.1 Adding Property Details

Procedure to add/modify property details.

  1. Provide/modify the property details about property in the Enrichment - Configure - Property screen.
    For field level information, refer the following tables.

    Table 3-4 Configure - Property - Field Description

    Field Description

    Property ID

    Specify the Property ID.

    Property Type
    Select the Property Type from the drop down list. The options available include but are not limited to:
    • Residential Building
    • Residential Plot

    Property Category
    Select the Property Category from the drop down list. The options available include but are not limited to:
    • Individual
    • Corporate

    Description

    Provide a brief description about the property.

    Property Purpose
    Select the purpose of the property from the drop down list. The options available include but are not limited to:
    • Personal
    • Commercial

    Registered Owner

    Specify the name of Registered Owner of the property.

    Land Registry

    Specify the property Land Registry details.

    Purchase Date

    Specify the date on which the property was purchased.

    Zone Classification
    Select the Zone Classification from the drop down list. The options available include but are not limited to:
    • EARTH QUAKE ZONE
    • FLOOD ZONE
    • NORMAL

    Flood Zone

    Enable this flag, if the property is in flood zone.

    Flood Zone Type
    Select the Flood Zone Type from the drop down list, if the Flood Zone flag is enabled. The options available include but are not limited to:
    • Zone1
    • Zone2
    • Zone3a
    • Zone3b

    Seismic Zone

    Enable this flag, if the property is in seismic zone.

    Seismic Zone Type
    Select the Seismic Zone Type from the drop down list, if the Seismic Zone flag is enabled. The options available include but are not limited to:
    • Low Damage Risk
    • Moderate Damage Risk
    • High Damage Risk
    • Highest Damage Risk

    Income Producing

    Enable this flag, if the property is producing income through rent or lease.

    Environment Assessment Required

    Enable this flag, if environment assessment is required for the property.

    Restricted Property

    Enable this flag, if the property is restricted by government authorities.

    Under Construction

    Enable this flag, if the property is under construction.

    Nature of Property
    Select the Nature of Property from the drop down list. The options available include but are not limited to:
    • Fee Simple
    • Leasehold
    Property Status
    Select the Property Status from the drop down list. The options available include but are not limited to:
    • Rented
    • Leased
    • Self Owned
    Wall Material
    Select the property Wall Material from the drop down list. The options available include but are not limited to:
    • Asbestos
    • Bamboo
    • Brick Veneer
    • Clay
    • Concrete
    • Double Brick
    • Mud Brick
    • Polystyrene
    • Steel
    • Stone
    • Timber
    • Others
    Roof Type
    Select the property Roof Type from the drop down list. The options available include but are not limited to:
    • Ashpalt Shingles
    • Bamboo
    • Metal
    • Bricks
    • Built-Up Roof
    • Clay
    • Concrete Tiles
    • Mud
    • Rubber Slate
    • Slate
    • Solar Tiles
    • Solid Wood
    • Stone Coated Steel
    • Thatched
    • Copper
    • Others
    Registration Date Specify the date on which the property is registered.
    Property Value Select a currency and specify the value of property.
    Adverse Comments Catpture Adverse Comments about the property, if any.

    Figure 3-6 Configure - Property Location


    Description of Figure 3-6 follows
    Description of "Figure 3-6 Configure - Property Location"

    Table 3-5 Configure - Property Location - Field Description

    Field Description

    Registration Number

    		 Specify the property Registration Number.

    House/Building

    		 Specify the House/Building name.

    Street

    		 Specify the Street in which the property is located.

    Locality

    		 Specify the Locality of the property.

    Landmark

    		 Specify the Landmark for the property.

    Area

    		 Specify the Area in which the property is located.

    City

    		 Specify the City in which the property is located.
    State Specify the State in which the property is located.
    Zip-Code Specify the Zip-Code of the property area.
    Country Specify the Country in which the property is located.

    Figure 3-7 Configure - Property - Currency Details


    Description of Figure 3-7 follows
    Description of "Figure 3-7 Configure - Property - Currency Details"

    Table 3-6 Configure - Property - Currency Details - Field Description

    Field Description

    Currency

    		 The system displays the collateral Currency in this field.

    Amount in Collateral Currency

    		 Property Value is displayed in collateral currency in case the property value is not specified in collateral currency.

    Figure 3-8 Configure - Property - Property Dimension


    Description of Figure 3-8 follows
    Description of "Figure 3-8 Configure - Property - Property Dimension"

    Table 3-7 Configure - Property Dimension - Field Description

    Field Description

    Number of Rooms

    		 Specify the Number of Rooms available in the property.

    Property Units

    		 Select the unit in which property is measured. The options available include but are not limited to
    • Square Meter
    • Square Yard
    • Hectare
    • Acre

    Property Size

    		 Specify the Property Size in selected unit.

    Area of Land

    		 Specify the total Area of Land in which the property is constructed.

    Number of Stories

    		 Specify the Number of Stories available in the property.

    Number of Garages

    		 Specify the Number of Garages available in the property.

    Total Dimension Length

    		 Specify the total length of the property.
    Total Dimension Width Specify the total width of the property.
    Floor Number Specify the Floor Number of the property, in case the property is in shared building.
    Dimension Length Specify the length of the carpet area of property.
    Dimension Width Specify the width of the carpet area of property.
    After adding the property dimension details, click + the add icon. The dimension details are added and displayed as shown below.

    Figure 3-9 Configure - Property Dimension - Added


    Description of Figure 3-9 follows
    Description of "Figure 3-9 Configure - Property Dimension - Added"

    You can Edit, View, or Delete the property dimension details by clicking the action icon in the record and selecting the required option.

    Figure 3-10 Configure - Property Valuation Details


    Description of Figure 3-10 follows
    Description of "Figure 3-10 Configure - Property Valuation Details"

    Table 3-8 Configure - Property Valuation Details - Field Description

    Field Description

    Valuation Date

    		 Specify the date on which the property is valuated.

    Valuation Source

    		 Specify the property valuation source. For example, Public Institutions and Real Estate Agents

    Valuation Amount

    		 Specify the property Valuation Amount.

    Other Lenders Charge Amount

    		 Specify the Other Lenders Charge Amount in case the property is backing up the facility borrowed from other lenders.

    Figure 3-11 Configure - Property Contact Details


    Description of Figure 3-11 follows
    Description of "Figure 3-11 Configure - Property Contact Details"

    Table 3-9 Configure - Property Contact Details - Field Description

    Field Description

    Contact Person

    		 Select the Contact Person from the drop down list. The options available include but are not limited to:
    • Tenant
    • Builder
    • Real Estate Vendor
    • Owner
    • Others

    First Name

    		 Specify the First Name of the contact person in the property.

    Last Name

    		 Specify the Last Name of the contact person in the property.

    Mobile

    		 Specify the mobile number of the contact person in the property.
    Work Phone Specify the work phone number of the contact person in the property.
    Home Phone Specify the home phone number of the contact person in the property.
    Email ID Specify the Email ID of the contact person in the property.

    Figure 3-12 Configure - Property - Residential Status


    Description of Figure 3-12 follows
    Description of "Figure 3-12 Configure - Property - Residential Status"

    Table 3-10 Configure - Property - Residential Status - Field Description

    Field Description

    Primary Residence

    		 Enable this flag if the property is the customer's primary residence.

    Occupancy

    		 Select the Occupancy from the drop down list.
  2. After adding/modifying the property details, click Next.
    The Enrichment - Configure - Collateral Insurance screen is displayed.