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Questions and Answers
In a rural area, if only a rain-fed land rate is specified and a seasonal orchard exists without a specified rate, by what factor should the rain-fed rate be multiplied to estimate the seasonal orchard land rate?
In a rural area, if only a rain-fed land rate is specified and a seasonal orchard exists without a specified rate, by what factor should the rain-fed rate be multiplied to estimate the seasonal orchard land rate?
- 0.5
- 2.0 (correct)
- 3.0
- 1.0 (correct)
A rural area has a specified rate for rain-fed land but no rate for perennial orchards. What multiplier should be applied to the rain-fed land rate to estimate the perennial orchard land rate?
A rural area has a specified rate for rain-fed land but no rate for perennial orchards. What multiplier should be applied to the rain-fed land rate to estimate the perennial orchard land rate?
- 1.0
- The rate remains the same
- 2.0 (correct)
- 0.5
In a rural area, the rate for rain-fed land is given. If a farm has paddy fields, and no specific rate is provided for paddy, what factor should be used to adjust the rain-fed land rate for the paddy field?
In a rural area, the rate for rain-fed land is given. If a farm has paddy fields, and no specific rate is provided for paddy, what factor should be used to adjust the rain-fed land rate for the paddy field?
- Multiply by 1.0 (correct)
- Multiply by 2.0
- No adjustment is required
- Multiply by 0.5
The annual statement of rates (ASR) specifies rates for rain-fed land only. A farmer owns land with a seasonal orchard. What factor is used to determine the seasonal orchard land value based on the rain-fed land rate?
The annual statement of rates (ASR) specifies rates for rain-fed land only. A farmer owns land with a seasonal orchard. What factor is used to determine the seasonal orchard land value based on the rain-fed land rate?
A piece of land is being transferred via a sale deed. The ASR provides an assessment rate of Rs. 500,000/hectare for rain-fed land. The land in question is a perennial orchard with year-round irrigation. What is the estimated rate for this land?
A piece of land is being transferred via a sale deed. The ASR provides an assessment rate of Rs. 500,000/hectare for rain-fed land. The land in question is a perennial orchard with year-round irrigation. What is the estimated rate for this land?
How does the guideline apply when specific rates are provided for different types of land (rain-fed, seasonal orchard, and perennial orchard) in a particular zone?
How does the guideline apply when specific rates are provided for different types of land (rain-fed, seasonal orchard, and perennial orchard) in a particular zone?
What is the primary condition that must be met for the provided multiplicative guidelines regarding land valuation to be applicable?
What is the primary condition that must be met for the provided multiplicative guidelines regarding land valuation to be applicable?
A property consisting of 2 hectares of rain-fed land and 1 hectare of seasonal orchard is being sold. The ASR indicates a rate of Rs. 600,000 per hectare for rain-fed land only. What is the total estimated value of the property?
A property consisting of 2 hectares of rain-fed land and 1 hectare of seasonal orchard is being sold. The ASR indicates a rate of Rs. 600,000 per hectare for rain-fed land only. What is the total estimated value of the property?
What multiplicative factor should be applied to the rain-fed land rate to estimate the value of land used for growing sugarcane, assuming no independent rate exists for sugarcane land?
What multiplicative factor should be applied to the rain-fed land rate to estimate the value of land used for growing sugarcane, assuming no independent rate exists for sugarcane land?
An agricultural land has an assessment rate of Rs. 500,000 per hectare. It has a functional canal flowing throughout the year, which means it can support continuous cultivation. If it is sold, how much would 3 hectares be worth?
An agricultural land has an assessment rate of Rs. 500,000 per hectare. It has a functional canal flowing throughout the year, which means it can support continuous cultivation. If it is sold, how much would 3 hectares be worth?
Land in a certain area is being assessed. There are specified rates for rain-fed and seasonal orchard lands. No rate is available for land used for flower gardens. How should the value of flower garden land be calculated?
Land in a certain area is being assessed. There are specified rates for rain-fed and seasonal orchard lands. No rate is available for land used for flower gardens. How should the value of flower garden land be calculated?
How should land value be determined in a rural area with independent rate specifications for rain-fed, seasonal orchard, and perennial orchard lands respectively?
How should land value be determined in a rural area with independent rate specifications for rain-fed, seasonal orchard, and perennial orchard lands respectively?
What is the estimated worth of 5 hectares of land if it is transferred through a sale deed, given an assessment of Rs. 800,000 per hectare and the land is equipped with a functional canal throughout the year?
What is the estimated worth of 5 hectares of land if it is transferred through a sale deed, given an assessment of Rs. 800,000 per hectare and the land is equipped with a functional canal throughout the year?
In a specific rural area, the Annual Statement of Rates (ASR) provides rates solely for rain-fed agricultural land. A farmer intends to cultivate paddy (rice) on their land. How will this affect the land valuation for stamp duty purposes?
In a specific rural area, the Annual Statement of Rates (ASR) provides rates solely for rain-fed agricultural land. A farmer intends to cultivate paddy (rice) on their land. How will this affect the land valuation for stamp duty purposes?
In a rural area where the ASR specifies only a rain-fed land rate, how should one value land used for seasonal fruit orchards?
In a rural area where the ASR specifies only a rain-fed land rate, how should one value land used for seasonal fruit orchards?
Flashcards
Rain-fed Land Valuation
Rain-fed Land Valuation
In rural areas, if specific rates aren't listed for rain-fed, seasonally irrigated, or perennially irrigated farmland, use a ratio of 1.00.
Perennially Irrigated Land Valuation
Perennially Irrigated Land Valuation
In rural areas, if specific rates aren't listed for rain-fed, seasonally irrigated, or perennially irrigated farmland, use a ratio of 2.00.
Land Valuation Example
Land Valuation Example
If land has an assessment rate of Rs. 7.45/hectare and the ASR is 10,00,000/hectare. The land has year-round canal access and is under cultivation, value of 4 hectares = 80,00,000/-
Instruction Applicability
Instruction Applicability
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Study Notes
- When a specific value rate for a type of agricultural land is not mentioned for rural areas, use the following coefficients for evaluation:
- Unirrigated land/Dry land: 1.00
- Rice Cultivation Land: 1.00
- Seasonally Irrigated Land: 2.00
- Perennially Irrigated Land: 2.00
- Sugarcane Cultivation Land: 2.00
- Orchard Land: 2.00
- Flower Garden Land: 2.00
- Note: This instruction is not applicable where separate rates for unirrigated, seasonally irrigated, or perennially irrigated lands are specified in rural/impact areas.
- Example: If the rate for agricultural land with an assessment of Rs. 7.45/hectare is Rs. 10,00,000/hectare in the Annual Statement of Rates, and the land has a live canal flowing throughout the year, making it perennially cultivated, the value of 4 hectares of land being transferred via sale deed is calculated as follows:
- Rs. 10,00,000 x 2 x 4 = Rs. 80,00,000
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