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    Sample USA-IRS Etc PV House LN.114231703

    Uploaded by

    Venkatesh Sankar
    This property valuation report estimates the fair market value of an independent residential house located at XYZ, ABC as of July 3, 2010 to be Rs. 50,35,100. The property consists of 1200 square feet of land with a 646 square foot ground floor and 646 square foot first floor built in 2005. The valuation considers the market rates and sale prices of comparable properties in the area, depreciation of the building, and justification of land and construction costs to determine the total market value.

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    © All Rights Reserved
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    Sample USA-IRS Etc PV House LN.114231703

    Uploaded by

    Venkatesh Sankar
    50 views4 pages
    This property valuation report estimates the fair market value of an independent residential house located at XYZ, ABC as of July 3, 2010 to be Rs. 50,35,100. The property consists of 1200 square feet of land with a 646 square foot ground floor and 646 square foot first floor built in 2005. The valuation considers the market rates and sale prices of comparable properties in the area, depreciation of the building, and justification of land and construction costs to determine the total market value.

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    Sample_USA-IRS_etc_Pv_House_LN.114231703 (1)

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    This property valuation report estimates the fair market value of an independent residential house located at XYZ, ABC as of July 3, 2010 to be Rs. 50,35,100. The property consists of 1200 square feet of land with a 646 square foot ground floor and 646 square foot first floor built in 2005. The valuation considers the market rates and sale prices of comparable properties in the area, depreciation of the building, and justification of land and construction costs to determine the total market value.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views4 pages

    Sample USA-IRS Etc PV House LN.114231703

    Uploaded by

    Venkatesh Sankar
    This property valuation report estimates the fair market value of an independent residential house located at XYZ, ABC as of July 3, 2010 to be Rs. 50,35,100. The property consists of 1200 square feet of land with a 646 square foot ground floor and 646 square foot first floor built in 2005. The valuation considers the market rates and sale prices of comparable properties in the area, depreciation of the building, and justification of land and construction costs to determine the total market value.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    LaxmiNarasimhaa K. A. M.B.A.

    FIIV 36, Puttanna Road, Basavanagudi, Bangalore 560 004


    Engineer & Approved Valuer Ph: 98455 35438 E-mail: krishnaa0205@yahoo.com,
    Reg. No. CAT 1/F-2635/11 www.iyengaarsrealtors.com

    PROPERTY VALUATION REPORT


    Purpose of Valuation To Know the True Market Value
    Court Purposes
    Date of visit January 14th, 2012
    Date of report 31st January, 2012
    Valuation of the property as on dated 3rd July 2010
    Details of Following Assessed Properties
    Name of the Property Owner/s XYZ,
    Son of Shri. ABC
    Person present at the time of Property Mr. ABC
    Inspection
    Furnish details such as Share of Single Ownership
    each owner if under joint ownership
    Address of the Property Independent Residential House
    at BDA Site # XYXY, ABC,
    Mnqrst
    Commercial/Residential/Industrial Area Residential House
    CLASSIFICATION
    High/ Middle/ Poor Middle Class
    Coming under corporation Limit, Village BBMP City limits
    Panchayat / Municipality
    Plot Dimensions & Area etc Independent Residential House
    consisting of Ground and 1st Floor
    house at abc, def ,
    City - 000 000 India
    Measurements E-W: 40’ and N-S: 30’
    & Boundaries East: By Road
    West: Private Property
    North: Private Property
    South: Private Property
    Photocopies of documents perused i. Sale Deed dated.
    03.07.2010
    ii. Physical inspection of the
    property
    Extant of Land & Percentage of Built- Approximately 1200 sft of Land
    up area/floor space index area on a 40 x 30 plot.
    Lease hold/free hold (if lease hold Free Hold
    furnish the name of the lessor/lessee,
    nature of lease duration of lease and
    terms.
    Range of Market rate of similar Rs. 2800/- to Rs. 3800/- per Sft
    properties in the locality in July
    2010

    1/4
    LaxmiNarasimhaa K. A. M.B.A. FIIV 36, Puttanna Road, Basavanagudi, Bangalore 560 004
    Engineer & Approved Valuer Ph: 98455 35438 E-mail: krishnaa0205@yahoo.com,
    Reg. No. CAT 1/F-2635/11 www.iyengaarsrealtors.com

    Guidance value rate of Residential Rs. 1500 – Rs. 2000/sft


    properties in the locality in 2010
    Applicable rate for land with detailed Rs. 3200/Sq.ft (as per prevailing
    justification market rate)
    Shape of the property and other details Rectangular Shape of 1200 sft
    with a built house of 646 sft in
    Ground Floor and 646 sft in 1st
    Floor
    Corner / Intermediate etc. Intermediate site
    Approximate Distance from Y Kms. from Ring Road, and
    about x Kms from M G Road
    Availability of Civic Amenities like Bus All Amenities are available,
    Stop, School, Hospital etc School, Hospital etc. within 2 Km
    radius, it is a developed area in
    close proximity to the Fire Station
    and Petrol Pump, and HBR-BDA
    Complex etc
    Nearby Landmarks HBR Layout BDA Complex, Petrol
    Pump, etc
    SPECIFICATION OF CONSTRUCTION
    SL # DESCRIPTION Residential House
    1 Foundation SSM in 1:8
    2 Super structure 9” BBM in CM 1:6
    3 Roof 1:2:4 RCC
    4 Joinery Wooden doors & windows
    5 Flooring Both floors, partially vitrified flooring; &
    vitrified tiles in bedrooms
    6 Painting OBD/Emulsion
    7 Electrical Concealed pipe wiring
    8 Toilet 7’-0” Tiles with fittings

    VALUATION OF LAND
    Value of land As Below
    Unit Value of land with detailed Rs. xy00/Sq.ft (as per CMP)
    justification
    Built Area of the property 646 sft + 646 sft = 1292 sft
    Total area of Land 1200 sft
    Maintenance of building Good
    Future life of building 55 Years
    Total Market Value of the Land xx00 x xxxx = 38,40,000.00

    2/4
    LaxmiNarasimhaa K. A. M.B.A. FIIV 36, Puttanna Road, Basavanagudi, Bangalore 560 004
    Engineer & Approved Valuer Ph: 98455 35438 E-mail: krishnaa0205@yahoo.com,
    Reg. No. CAT 1/F-2635/11 www.iyengaarsrealtors.com

    Guidance Value of Land


    ANNEXURE II (BUILDING)
    Nature of the building Residential House
    Year of construction & No. of Floors 2005, Two Floors Viz: Ground &
    1st Floor;
    Maintenance of building Good
    Value of Building
    Ground & First Floor: 1292 x 1,000 = 12,92,000.00
    Less Depreciation 96,900.00
    @ 1.5% p a x 5 years
    Value of Building after Depreciation 11,95,100.00
    Add Market Value of the Land 38,40,000.00
    Market Value of Land and Building 50,35,100.00

    Estimated Fair Market Value of the Residential House

    Value as on Date Value in INR

    January 31st, 2012 59,82,202.00

    July 3rd, 2011 54,88,259.00

    July 3rd, 2010 50,35,100.00

    The Estimated Maximum Fair Market Value of the above property between
    Jan 1st 2010 to July 31st 2010 is Rs. 50,35,100.00

    3/4
    LaxmiNarasimhaa K. A. M.B.A. FIIV 36, Puttanna Road, Basavanagudi, Bangalore 560 004
    Engineer & Approved Valuer Ph: 98455 35438 E-mail: krishnaa0205@yahoo.com,
    Reg. No. CAT 1/F-2635/11 www.iyengaarsrealtors.com

    Summary
    Summary of the Residential house and land as on July 3rd, 2010, owned by
    Mr. XYZ, son of ABC, are as under

    Independent Residential House Rs. 50,35,100.00


    at XYZ, ABC
    Total Rs. 50,35,100.00

    CERTIFICATE
    Certified that to the best of my knowledge and belief, and in my considered
    opinion, the Fair and Reasonable Market Value or Intrinsic Value (IV) of the
    property valued above as on July 3rd, 2010, is approximately
    Rs. 50,35,100.00 (Rupees Fifty Lakh Thirty Five Thousand One Hundreds
    Only)
    Dated : 31st January, 2012
    Place : Bangalore

    LaxmiNarasimhaa K. A. M.B.A. FIIV


    Approved Property Valuer
    Reg. No. CAT 1/F-2635/11
    Engineer & Approved Valuer
    DECLARATION
    I, hereby declare that
    (a) The information furnished above is true and correct to the best of my Knowledge and belief;
    (b) I have no direct or indirect interest in the property valued;
    (c) I and or my assistants have personally inspected the property on January 14th, 2012
    (d) Value varies with purpose & this report should be used only for the purpose mentioned.
    (e) Our fee/s for analysis and preparation of this report are not contingent upon any conclusions
    being reached and/or results being achieved. These fees do not include expert witness
    testimony or deposition fees for presenting or supporting the conclusions reached in this report.
    (f) I/we are not required to give testimony in court, or be in attendance during any hearings or
    depositions, with reference to the property being valued unless previous arrangements have
    been made for the same.

    4/4

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