Podcast
Questions and Answers
What percentage of the shop rate should be used for evaluating a basement used for storage, excluding vehicle parking?
What percentage of the shop rate should be used for evaluating a basement used for storage, excluding vehicle parking?
- 70% (correct)
- 100%
- 50%
- 25%
What percentage rate is used for evaluating a Mezzanine floor?
What percentage rate is used for evaluating a Mezzanine floor?
- 70% of the shop rate
- 50% of the relevant floor rate (correct)
- 25% of the relevant usage rate
- 40% of the land rate
For a Loft used for non-residential purposes, what percentage is evaluated?
For a Loft used for non-residential purposes, what percentage is evaluated?
- 50%
- 25% (correct)
- 70%
- 40%
What percentage of the land rate is used for evaluating land around the ground floor of a building used for parking?
What percentage of the land rate is used for evaluating land around the ground floor of a building used for parking?
If a basement is used for vehicle parking, how should it be evaluated?
If a basement is used for vehicle parking, how should it be evaluated?
Land next to apartments, offices, or shops is evaluated based on the approved construction map for...
Land next to apartments, offices, or shops is evaluated based on the approved construction map for...
What specific document is referenced for land evaluation rates?
What specific document is referenced for land evaluation rates?
The evaluation rate for Mezzanine floors applies to rates in the...
The evaluation rate for Mezzanine floors applies to rates in the...
What is the primary factor determining the evaluation rate of land around a building's ground floor?
What is the primary factor determining the evaluation rate of land around a building's ground floor?
Loft evaluations differ based on...
Loft evaluations differ based on...
Flashcards
Basement Valuation
Basement Valuation
Evaluate at 70% of the shop rate in that zone if used for shops, godowns, or storage (excluding vehicle parking).
Mezzanine Floor & Loft Valuation
Mezzanine Floor & Loft Valuation
Assess at 50% of the respective floor's rate from the annual value rate table. Lofts (excluding residential use) are evaluated at 25% of the relevant usage rate.
Land Around Ground Floor Valuation
Land Around Ground Floor Valuation
Assess at 40% of the land rate in the relevant valuation zone, as per approved construction plans.
Study Notes
- Regarding basements, if they are utilized for shops, warehouses, or storage beyond vehicle parking, assess them at 70% of the shop rate in the relevant valuation zone.
- For mezzanine floors, valuation should be at 50% of the rate for the corresponding floor use in the annual value rate table.
- For lofts, excluding residential use, assess the area at 25% of the relevant usage rate for valuation purposes.
- Evaluate land around the building's ground floor, if allocated for parking or other purposes according to approved building plans, at 40% of the land rate in the relevant valuation zone.
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