2023 24
2023 24
2023 24
1. Mr. X leased 1000 m² land for industrial use 1 What kind of property the subject is?
in 1995 at premium of Rs. 500 per sq.m. What type of lease hold right is the subject
Lease period is 99 years and renewable for 2 enjoying?
further 99 years. Lease rent was fixed at Re. What is the Value of Land according to
1/year. Lessee constructed factory building 3 Lessor's Right in 2018?
admeasuring 1000 m² in 2000 by spending What is the method sould applied to value
cost of construction at Rs. 1000 per sq.m. 4 the development on land
Lease also provides that in case of What is the Depreciable amount if 10% is
assignment, Lessee shall pay 10 % of considered for Scrap and economic life of
unearned increase in land value to lessor. 5 the structure considered as 40 yrs.
Replacement cost of factory in 2018 is Rs.
8000 per sq.m. Land value in 2018 is Rs.
5500. Expected Rate of returns is say 7%. 6 What is the Value of the structure
2. A fully rented, fully developed building What is the gross annual income from
situated in good location near by the 1 the house?
CBD area, yields Rent (Standard Rent) What is the Outgoing to be deducted
of Rs. 10,000/- per month. Adopt total 2 from Gross Rent?
outgoings like Property Taxes, Electric What is the Net income from the
Bill, Maintenance Charge ect. at Rs. 3 property?
11,000/half year. it is reveiwed and What is the approach to be considered
collected from market analysis that the 4 in this case?
expected rate of return may considered What does it mean by "Rent Act
as 8%. Rent Act is applicable to the 5 Applicable"?
property . 6 What is the sale value of the property?
GROUP D
1. A client desires to purchase a petrol pump What is the method should be applied for
site outlet (running business), on a major 1 the Valuation Purpose
road in a well-developed area in a town. 2 What type of property to be valued?
The main road has peak hour traffic of 300 What is the total gross income of the
PCU. Land belongs to the dealer for which 3 petrol pump
the company pays lease rent of Rs. 4,00,000 4 What is the total expense of the property
per year. Total income from the sale of
petrol, diesel and other items is Rs. 5 What is the net profit from the subject?
2,00,00,000/-. Property taxes are Rs. 50,000
per 6 months. Staff salary and other
outgoings are Rs. 60,000/- per month.
Other expenses for running a business is Rs.
1,70,00,000/-. Rate of capitalisation is 12%.
What price should he pay? 6 What is the Purchase Price of the property
1. A valuer was asked to value the property as What approach and method should
on 01.03.2014 for bank loan purpose by a 1 applied for the Valuation?
lessee XYZ Pvt. Ltd. The plot area was 1000
m² with two factories sheds admeasuring What is the Term Value of the subject in
250 m² each constructed in the year 2004. 2 respect of Lessors interest
Prevailing Market Rent in the locality is Rs. What is the Depriciated Replacement Cost
800 per square metre per month. of the structure considering the economic
Replacement cost of the similar type of 3 age of the building is 50 years
factory shed is Rs. 6000 per square metre. What is the Reversionary Value of the
4 Property in respect of Lessor's interest
After going through documents, the valuer
finds the following:
What is the profit rent and what is the
5 sinking fund factor to be multiplied with
1. That the lessor had given the plot, at
lease rent of Rs. 300 per Sq. mtr. per
month.
2. That the lease was granted as on
28.02.2000 for 30 years period.
3. That there was no lease renewal clause
in the lease agreement.
4. That there was a covenant that on
maturity of lease the land with building will
revert to the lessor free of cost.
5. Retun Rate and Sinking Fund Rate What is Value of the subject in respect of
considered respectively 8% and 3% 6 Lesee's interest