JayasenaD G

U.
THILAKARATHNA RESIDENCE:
No: 11/A/3, Wimala Sangawasa mw, Walasmulla.
B,Sc.(Special) Estate Management & Valuation (Sri Lanka)
AIV (Sri Lanka)
Banker DABF Certified. MOBILE: 0094718147321
E-MAIL: thilakuyangoda123@gmail.com
My Ref : EMB Val/02/2023
VALUATION REPORT OF THE PROPERTY OF LOT A IN S.P.N
7291, DATE OF SURVEY 10-10-2015 AND MADE BY
G.W.K.MANAMPERI LCENSED SURVEYOR & LEVELLER.
Date of Inspection and Valuation :- As at 12th -sep- 2023.
SCOPE OF WORK
This report is a detailed, unbiased appraisal and analysis of the Open Market Value of the under
mention land. The analysis, opinions, and conclusions are based upon complete inspections of
the property and comparable evidence in the area as well as in the industry. All of the other area,
market, neighborhood, and site information were collected before the examination of this
appraisal.
DEFINITION OF MARKET VALUE

Market value is the estimated amount for which an asset should exchange on the date of
valuation between a willing buyer and a willing seller in an arm’s length transaction after proper
marketing wherein the parties had each acted knowledgeably, prudently and without
compulsion.
Page 01 of 06
IDENTITY OF PROPERTY
The land to be valued is called “ PART OF MADUWANWELANINDAGAMA-KOONKATUWA WEWA

PAHALA”(Being a re survey of lot 18 in my plan number333 dated 1998-07-27) situated at
Panamure village, Embilipitiya D.S.Division in Diyapotagampattu in Kolonna Korale Ratnapura
District,Sabaragamuwa Province.
ACCESSIBILITY
From Embilipitiya Clock tower Proceed along Ratnapura road for about 1.4km Up to Udagama
Junction and then turn Left Panamura Road and proceed along 3.5km up to 2 nd mile post
junction and then the Subject property is your right hand side of the road.(Infront of the
Chaminda Stores).
AREA & CONVENIENCES

The property to be valued is situated in Semi Residential area and it can tell as Agricultural area.
Highly developing location at Panamura-2nd mile post village. Which is the main commercial
centers and other all major institutions are at Embilipitiya town within 4.5km away from the
subject property.
Page 02 of 06
EXTENT AND BOUNDARIES OF THE LAND

As per above described survey plan No. 10666 the extent and boundaries of the land as follows.
Lot No Boundaries Extent
North East South West Hec: A R P
A Lots 16&19 in Lot 19 in P.N.333 Lot 80 in Lot17 0.316 0 3 5.0
in.P.N.333.
P.N.333. P.N333
DEMARCATION OF BOUNDARIES,
The boundaries of the Entire land (lot A) are demarcated and defined by live Fence on ground.
DESCRIPTION OF THE ENTIRE LAND (LOT A)

This is an almost Trapezoidal in shaped block of residential land having frontage to 5m wide
Mortarable Gravel road. Land frontage is 150feet along The main access road. The surface soil
is gravel and hard with a capacity of bearing heavy loads. The water table of the land is about
15ft deep below from the ground level. The is Two constructions and one of as a Residence and
other one is as shop.
Front views
Page 03 of 06
Residence House Description
Roof :Tiled roof with Low cost ceiling.
Walls: Bricks masonry walls Plastered and color Washed.
Doors and Windows: Fixed with class 01 timber frame works.
Floor: Living is tiled and others are cemented.
Accommodations: 2bed rooms,Kitchen,Living,Dining Passage.
Separate Bathroom is completed.
Occupation: Mr.D.G.Jayasena
Electricity, Pipe born water supplied
Age of the House: 15years old but there is good Maintenance. And Floor Area is 1056 sq.ft
Shops description
Residence House Description
Roof :RCC Slab.
Walls: Bricks masonry walls Plastered.
Doors and Windows: Rowling doors Fixed.
Floor: cemented.
Accommodations: rooms.
Occupation: Mr.D.G.Jayasena
Electricity, Pipe born water supplied
Other separate room is available and use as a Tea shop.
It is situated in the Building limits and it is not considered for the Valuation.
Living room Kitchen
LEGAL ASPECT
1. Demalgiriya Gamage Jayasena claimed of Land depicted as Lot A in Survey Plan No
333 aforesaid by virtue of Deeds of Transfer No.5038 dated 26 September of 1998 of
Attested by D.Jayasinghe(N.P).
2. Street line and Building limits certificates are available but it is not effected for this land.
3 The property is free from Rent act, Agrarian services act, Coast Conservation act or land
reform laws.
BASIS OF VALUATION
The property is located about 4.50km distance from Embilipitiya town. This is very calm and
quite area and free from heavy machinery working places and Heavy technical working place,
therefore this is very Eco friendly area for Live. There are lot of essentials institutions such as
National Collage, Police station Embilipitiya town.
Page 04 of 06
All important government and private sector institutions are located within the city limits and
the immediate vicinity is mainly characterized with multi storied commercial buildings. All
essential amenities are in supply to this location are at Embilipitiya. Transport facilities are very
regular.
APPLICABLE APPROACHES
The sale comparisons approach is the most useful method when number of similar properties
have recently been sold or are currently offered for sale in the subject property market. Using
this approach, I produce a value indication by comparing the subject property to similar
properties. The sale prices of the properties that are judge to the most comparable tend to
indicate a range in which the value indications for the subject property were fallen. I estimated
the degrees of the similarity or difference between the subject property and the comparable sales
by considering various elements of comparisons. Adjustments are then applied to the sale prices
of the comparable because the prices of these properties are known, while the value of the
subject property is not. Through this comparative procedure, estimate the value of the subject
property as of a specific date.
PROPERTY VALUES
The property to be valued is a Comparable land sales were found in surrounding area. On
analysis of land values and land transaction in the area it has been observed that the rate per
perch vary from Rs 175,000/= to Rs. 250,000/= for the block located within the 0.4km away
from the RAT Junction.
In view of all forgoing factors especially considering the average demand and prevailing current
land values in the area concerned the subject valuation would proceed as under as fair and
reasonable for purchase the land.
VALUATION
Land Extant 30.48P @ Rs 225,000/= Per Perch Rs 6,858,000.00
House Value
Floor Area is 2135sqft and p.sq.ft @Rs.4250 =Rs.9073750.00
20% Depreciated =Rs.1814750.00
Net Value of the House Rs. 7,259,000.00
Total Value of Land Rs. 14,117,000.00
Say Rs 14,000,000.00
Page 05 of 06
CONCLUSION
Based on my analysis of the aforementioned sales, it is my opinion that Rs.14,000,000/= is
reasonable and market supported.
I therefore conclude that the market value of the free hold interest of the subject property
as at the date of valuation using the sales comparison approach is Rupees Fourteen Million
only. (Rs. 14,000,000.00/=).
CERTIFICATE
I, U.Thilakarathna do here by certify that the land was inspected & valued by me is identical to
the property depicted as Lot A in Survey Plan No 10666 dated 08/02/2023 and made by
G.W.K.Manamperi Licensed Surveyor and Leveller.
………………………
Vlr. U.THILAKARATHNA AIV (SL)
12 of July 2023
End Page 06 of 06
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U.

My Ref : EMB Val/02/2023

VALUATION REPORT OF THE PROPERTY OF LOT A IN S.P.N

7291, DATE OF SURVEY 10-10-2015 AND MADE BY

G.W.K.MANAMPERI LCENSED SURVEYOR & LEVELLER.

Date of Inspection and Valuation :- As at 12th -sep- 2023.

DEFINITION OF MARKET VALUE

The land to be valued is called “ PART OF MADUWANWELANINDAGAMA-KOONKATUWA WEWA

AREA & CONVENIENCES

EXTENT AND BOUNDARIES OF THE LAND

DESCRIPTION OF THE ENTIRE LAND (LOT A)

Living room Kitchen

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