Podcast
Questions and Answers
What percentage of the land value is used to evaluate a tenanted building if the tenants occupy more area than the permissible construction area?
What percentage of the land value is used to evaluate a tenanted building if the tenants occupy more area than the permissible construction area?
- 75%
- 50% (correct)
- 100%
- 25%
When evaluating a tenanted building, what happens if the tenants occupy less area than the total permissible construction area?
When evaluating a tenanted building, what happens if the tenants occupy less area than the total permissible construction area?
- The property value is not affected.
- The property value equals the land's full market value.
- The property value is 50% of the land's value.
- The property value is 75% of the land's value. (correct)
If a landowner is only selling the land and not their own constructed area, what should be done with the constructed area in the valuation?
If a landowner is only selling the land and not their own constructed area, what should be done with the constructed area in the valuation?
- Exclude it from the valuation. (correct)
- Include it at 75% of its value.
- Include it at full market value.
- Include it at 50% of its value.
In the context of property valuation, what does 'मूल अनुज्ञेय चटई क्षेत्र' refer to?
In the context of property valuation, what does 'मूल अनुज्ञेय चटई क्षेत्र' refer to?
For a building with tenants where the land is being sold, what primarily determines the valuation percentage?
For a building with tenants where the land is being sold, what primarily determines the valuation percentage?
What type of transaction is being assessed in the given guidelines?
What type of transaction is being assessed in the given guidelines?
What should happen if the area occupied by eligible tenants is more than the allowable construction area?
What should happen if the area occupied by eligible tenants is more than the allowable construction area?
What factor is MOST important when deciding between using 50% or 75% of the land value for property valuation?
What factor is MOST important when deciding between using 50% or 75% of the land value for property valuation?
If the landowner only sells the plot, how does this affect valuing the building on it?
If the landowner only sells the plot, how does this affect valuing the building on it?
Under what condition would a property be valued at 75% of the calculated land value?
Under what condition would a property be valued at 75% of the calculated land value?
Flashcards
High tenant occupancy valuation
High tenant occupancy valuation
If tenants occupy more area than allowed, property value is 50% of land's allowable area value.
Low tenant occupancy valuation
Low tenant occupancy valuation
If tenants occupy less area than allowed, property value is 75% of land's allowable area value.
Land-only sale valuation
Land-only sale valuation
When only the land is sold (no building), exclude the construction area from valuation.
Study Notes
- These guidelines detail the evaluation process for the transfer (purchase document) of old buildings with tenants.
Evaluation Criteria
- If the total area occupied by eligible tenants exceeds the total permissible construction area according to regulations, the property's value will be 50% of the land's value, calculated at the land rate for the original permissible floor area.
- If the total area occupied by eligible tenants is less than the total permissible construction area, the property's value will be 75% of the land's value, calculated at the land rate for the original permissible floor area.
Important Note
- If the landowner is only selling the plot and not their own construction area, that construction area should be excluded from the evaluation.
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