external perimetre 2 x 719 2 x 819 3076m 1 6 11511 m2 H 075 3 015

External perimetre 2 x 719 2 x 819 3076m 1 6 11511 m2

This preview shows page 5 - 8 out of 16 pages.

external perimetre = 2 x 7.19 +2 x 8.19 = 30.76m 1 30.76 _ 3.9 119.96 115.11 m2 H = 0.75 + 3 + 0.15 = 3.9 m deduction door (external) area = 0.9 x 1.2 = 1.08 m2 0.5 0.9 _ 2.1 0.95 deduct half face window area 1 x 1.2 = 1.2 m2 3 1 _ 1.2 3.6 deduct half face 5 Internal plaster internal perimetre kitchen = 2 x 3 + 2 x 4 = 14m 1 14 _ 3 42 163.67 m2 bed room = 2 x 3.5 + 2 x 4 = 15m 1 15 _ 3 45 living = 2 x 4 + 2 x 3.5 = 15 m 1 15 _ 3 45 celling kitchen 1 3 4 _ 12 bed room 1 3.5 4 _ 14 living 1 4 3.5 _ 14 deduction door ( external) 0.5 0.9 _ 2.1 0.95 deduct half face door (internal) deduct full face 2 0.9 _ 2.1 3.78 window 3 1 _ 1.2 3.6
Image of page 5
deduct half face 3.2 Valuation: - Valuation is art of assessment the present fair value of property a stated time. It based on certain fact and only after judicious processing of such fact and indication, so that we can suggest value of fair price of property. 3.3 Purpose of valuation: - a) Purchase for investment or for occupation: - For investment property is purchased and for this valuation property are necessary. Such valuation I am depending on income from the property in comparison to money market interest and also possibility of increase in cost. b) Tax fixation: - To fix up municipal tax of property the valuation is essential by municipal authorities which depends upon class of city and trade important. c) Sale: - For sale of property valuation become necessary which depends upon price that can obtain in market and seller considered this amount as reserve price below which any offer us not accept to them. d) Rent fixation : - Valuation of property is necessary to find the rent of property and required for standard rent. e) Insurance premiums: - To fix up the value of property excluding cist of land, valuation is required in order to replace the same and to find out insurance premiums. f) Mortgage value or security of loans: - to raise loan in security of property so that valuation is necessary. g) Compulsory acquisition: -
Image of page 6
A property is acquired by government for public purpose and in such case compensation against such acquisition is given to owner by government. To find out property of amount of compensation valuation are necessary. h) Speculation: - When purchased intended for sale of property and to make some profit a short period valuation is necessary for this purpose called as speculative value. i) Betterment charge: - The value of property is increasing as results of making a new road, development and land and provide other amenities. To fix up betterment charge of fee, valuation become necessary before and after completing of development. j ) Wealth tax and estate duty: - Government fix value like minimum value of property or above which wealthy tax or estate duty to paid by owner of property for valuation of estate is necessary. k) Gift tax: - When property is gifted, valuation of gift property is necessary to pay tax of gift to government by person to whom property has gifted.
Image of page 7
Image of page 8

You've reached the end of your free preview.

Want to read all 16 pages?

  • Two '10
  • Depreciation, present fair value of property

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors