Thank you for submitting your item for appraisal. This appears to be a natural dye Bokhara rug of pre 1950.
The rug in your possession shows repetetive gul motifs on a red ground within severeal rows of borders. Bokhara rugs are named after the city Buxoro in Usbekistan. Rugs of this region are offered at auction on a regular basis. The estimate is based on auction results of similar best quality rugs of similar size and age sold at auction. Asking prices in the rug trade are usually much higher and can vary. There is no measurement for the sentimental value you might attach to the item.