Valuation of seized property under fair market value rules sets distinct methods for immovable property, jewellery, securities, and other assets. Fair market value for property referred for valuation under section 132(9D) is to be determined by specified methods according to the nature of the asset. Immovable property is valued by reference to stamp duty valuation, along with construction and improvement costs; jewellery, art, and shares or securities are valued under rule 11UA; and other property, or property not amenable to those methods, is valued at its open market price on the relevant valuation date. The valuation report must be submitted in Form No. 6CA by the person, entity, or registered valuer to whom the reference is made.