Podcast
Questions and Answers
A builder purchases a 1500 sq.m. plot. What percentage of the market rate will be used for valuation?
A builder purchases a 1500 sq.m. plot. What percentage of the market rate will be used for valuation?
- 90% (correct)
- 70%
- 80%
- 100%
A developer buys a 3,500 sq.m. plot. What percentage of the per sq.m. rate applies?
A developer buys a 3,500 sq.m. plot. What percentage of the per sq.m. rate applies?
- 80% (correct)
- 100%
- 60%
- 90%
What is the minimum assessment percentage for a land parcel above 4000 sq.m.?
What is the minimum assessment percentage for a land parcel above 4000 sq.m.?
- 80%
- 50%
- 60% (correct)
- 70%
A farmer wants to convert agricultural land (1000 sq.m.) into non-agricultural use. If no NA rate is available, what percentage of the standard NA rate is used for valuation?
A farmer wants to convert agricultural land (1000 sq.m.) into non-agricultural use. If no NA rate is available, what percentage of the standard NA rate is used for valuation?
In which scenario is a plot assessed at 100% of the per sq.m. rate?
In which scenario is a plot assessed at 100% of the per sq.m. rate?
A 3,800 sq.m. plot is assessed at 80%. If the per sq.m. rate is ₹2,500, what is the total valuation?
A 3,800 sq.m. plot is assessed at 80%. If the per sq.m. rate is ₹2,500, what is the total valuation?
If a plot in a rural area is designated as a potential NA zone, what valuation percentage applies?
If a plot in a rural area is designated as a potential NA zone, what valuation percentage applies?
If an agricultural plot is not assigned an NA rate, what valuation rule applies?
If an agricultural plot is not assigned an NA rate, what valuation rule applies?
How will the valuation be determined for a commercial plot located near a highway?
How will the valuation be determined for a commercial plot located near a highway?
If a 5,500 sq.m. plot is being converted to NA use, what percentage of the market rate applies?
If a 5,500 sq.m. plot is being converted to NA use, what percentage of the market rate applies?
A landowner wants to sell a 450 sq.m. plot. How is it valued?
A landowner wants to sell a 450 sq.m. plot. How is it valued?
A 1200 sq.m. plot is sold. What valuation percentage applies?
A 1200 sq.m. plot is sold. What valuation percentage applies?
If a plot has both per-hectare and per-sq.m. rates, which one is used for valuation?
If a plot has both per-hectare and per-sq.m. rates, which one is used for valuation?
A 3,000 sq.m. industrial plot is assessed at 80%. If the per sq.m. rate is ₹2,200, what is its valuation?
A 3,000 sq.m. industrial plot is assessed at 80%. If the per sq.m. rate is ₹2,200, what is its valuation?
What is the valuation percentage for plots in rural areas included in the development plan?
What is the valuation percentage for plots in rural areas included in the development plan?
Flashcards
Valuation for plots under 500 sq.m.
Valuation for plots under 500 sq.m.
Plots under 500 sq.m are assessed at 100% of the market rate.
Valuation: 501-2000 sq.m Plots
Valuation: 501-2000 sq.m Plots
Plots between 501 and 2000 sq.m are assessed at 90% of the market rate.
Valuation: 2001-4000 sq.m Plots
Valuation: 2001-4000 sq.m Plots
Plots between 2001 and 4000 sq.m are assessed at 80% of the per sq.m rate.
Valuation for plots above 4000 sq.m.
Valuation for plots above 4000 sq.m.
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NA Rate not Available
NA Rate not Available
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Rural Potential NA Plots
Rural Potential NA Plots
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Rate Preference
Rate Preference
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Highway-Frontage Valuation
Highway-Frontage Valuation
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Rural Plots in Development Plan
Rural Plots in Development Plan
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Study Notes
Land Valuation Percentages Based on Plot Size
- Plots under 500 sq.m. are assessed at 100% of the market rate.
- Plots between 501 - 2000 sq.m. are assessed at 90% of the market rate.
- Plots between 2001 - 4000 sq.m. are assessed at 80% of the per sq.m. rate.
- Land parcels above 4000 sq.m. are valued at 60% of the per sq.m. rate.
Valuation of Agricultural Land for Non-Agricultural (NA) Conversion
- If no separate NA rate is available, 50% of the standard NA rate is used for valuation.
Valuation in Specific Scenarios
- Potential NA plots in rural areas are valued at 80% of the per sq.m. rate.
- Properties near highways or major roads have a specific per sq.m. rate for valuation.
- Rural plots included in a development plan are valued at 80% of the per sq.m. rate.
Rate Preference
- If both per-hectare and per-sq.m. rates are available, the per-sq.m. rate is used for valuation.
Example Calculations
- A 1500 sq.m. plot with a market rate of ₹3,000 per sq.m. is valued at ₹3,000 × 1500 × 90% = ₹40,50,000.
- A 3,800 sq.m. plot with a per sq.m. rate of ₹2,500 is valued at ₹2,500 × 3,800 × 80% = ₹76,00,000.
- A 3,000 sq.m. industrial plot with a per sq.m. rate of ₹2,200 is valued at ₹2,200 × 3,000 × 80% = ₹52,80,000.
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