Manju,
Just remember that pipe may be supplied with the actual wall +/- 12.5% of nominal, so actual mass and stiffness may be quite different to nominal. Also, corrosion rarely causes a uniform loss of material ... it's often most effective at top or bottom of the inner wall.
I have been able to monitor real piping systems and model the same using Caesar. The results were very close, both shape and frequency. That said, unless you are absolutely sure of all data and in particular, boundary conditions such as restraint stiffness, your modal analysis can only be approximate.