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Valuation, , , , , , syllabus =, , °, , Definition, necessity of valuation. Definitions — cost, price,, , value, difference between them, characteristics of value,, factors affecting value., , Types of value : Book value, scrap value, salvage value,, speculative value, distress value, market value, monopoly, value, sentimental value, factors affecting value., Depreciation, obsolescence, sinking fund, methods of, calculation of depreciation — straight line method, sinking, fund method, constant percentage method, Quantity, survey method., , Computation of capitalized value, gross income, outgoing,, net income, years purchase. Types of outgoing and their, percentages., , Valuation of lands and buildings, factors affecting their, valuation, book value method, replacement value method, and comparison method., , Use of valuation tables. Deferred value of land, fixation of, rent as per PWD practice., , , , Statistical Analysis, , , , | MSBTE Papers, Summer 2009, , f, , | Winter 2009, | Summer 2010, | Winter 2010, , +, , Summer 2011
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pees ve FVCS (MOS IE), , ,sAcs(MSBTE) 7.3, , , , , , , , ont, yor puying or selling Property ;, i) ae i, i wher it is required to buy oy sell a Property, The valuation can be defined as the \ ilding> land, factory ete, its Valuation j is eT, pu oe, present fair value of a property at a stated 0) 2, : ur Pp ortsaee | DU }o) OLN WD Beary B ee, fae of Valuatio: i), iV Necessity Oe - ji aise loans against securit, ie qo © Ta leg Y of a Property it, juation is necessary. 46 an ay i, ya Prop. Pri y Hay %, , /, pent fixation: : 6 ¥, iii), Valuation is der to determine the re, y In OF ee nt of a p Operty, valuation, circumstances. js required., ~Qy — For buying or selling property ‘d qaxation !, y, “iy Mortgage : To fix uP municipal tax of Property, the valuation is, | ~Wiiy Rent fixation ey essential., ivy Taxation bested ; Assessment of stamp fees;, y V, v) Assessment of stamp fees For a newly built property the income tax authority, Wealth tax and estate duty a used to determine the total expenditure incurred to, , construct the property for comparison of the income tax, return by the owner., , Gift tax, , Compulsory acquisition, , , , é ; d :, Partition Wa Wealth tax and estate duty, , euce " Government fixes up a minimum value of a property or, , , , estate above which wealth tax or estate duty shall have, to be paid by the owner of the property. Valuation is, essential in this case.
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seeeresere:, , , , Se uation, Ure), , a tual amount. in, the ac un curred in Producing, In case of civil engineoring cost of, , QPP contracts & Alcs (MSBTE), , , , _otlit, amyrt , Property, i Yad cost plus the construction, is necessary to assess the gift tax, an lee eT a2 n cost., viii) Compulsory acquisition : price, , ip the cost of the commodity Plus profit. of the, a, , pu facture’ In case of civil engineering price of, a, me arty 38 the cost of property plus the contractors, , Whenever a property is, , prop, prot:, , yalue’ CON HeY, , .. the corresponding exchange of one ¢ i fo, , ix), , y other commodity, In case of civil engineering value, ithe property is expressed in terms of money. Value of, the property is its utility. Value varies with time,, , jemand supply ratio ete, Value of a property may not, as its cost., , to divide the property according, owner., , x) Insurance:, To determine insured value of a, purpose of fixation of insurance p, required., , 7.1.2 Definitions :, , be same, , Bas pifference Between Cost, Price and Value :, PA. 7, , , , with’ Value depends, , ey}, a | % of profit of the | upon many, , , , 1 | Cast is fixed | Price varie, , , , | for, | particular factors and can, | property change.
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; 3 lag (, 2. |The cost of| The price of the | The, construction | property can | y, , is same in | change with | de, different respect to time | i, parts in a| depending upon, particular demand/supply “, city., , , , , , , , , , , , , , , 7.1.4 Characteristics of Value :, , 1) Value of the property means its worth or y, , 2) The cost of construction may have no ry,, value. ‘jae, , 3) The value of a property within a short., , more or less depending upon demand of, , 4) The location of the property greatly affect its, , , , 5) Value depends upon the purpose for which ie, , 7.1.5 ' Factors Affecting Value :, , ih,, , iQ. Explain any four factors affecting valuation £4, , :, , , , The value of the property depend upon,, 1) Its structure, , 2) Life, , 3) Location, , 4) Maintenance, , , , , , , , ene Valuation, I pply ratio e, . which valuation is done, i, yom it., d aminities available (like, Water sup;, ply, , age line ete.), , aa co, , lowing values ;, , pefine ane fol, , gcrap-value, gook-value, gentimental-value., , , , (), , , , , , scrap value, salvage value, speculative value, pistress value, market value, Monopoly value, , sentimental value, , TV pook value :, , {is an amount shown in the account book of a, j ticular year after making due provisions for the, 4. eciation cf the previous years,
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EP contracts & Aes (MSBTE) 78, 2) Scrap value:, , A property is discarded at |, usefulness and then it can |, for disposal. The amount ob, is known as scrap value., , Salvage value :, , utility period, is sold as it | ;, pieces, the amount obtained, its removal is known as, Speculative value :, , Speculators purchase properties a, properties where a proposal to, , line etc. The speculators sell the p, profit after a short period with, amount on its development. The p, properties by speculator at a low, , » speculation value., , 5) Distress value :, aye, A property is said to have dists, , fetch lower value than the ma, Market value :, , , , , , , , , , , , when land is not available in /particularioayin at >, , or, jumited Jand available will hae Monopoly value, §; the, ~» Some, , properties possess special Wantages with respect to, its jocation, frontage, sise,Bhape ate em A, ; case, , owner may demand npr pice Such value af, —— a, , properly is known agino poly values, , sentimental value :, , , , , , When @ prop-tty is soldor purchased at a higher value, n the market val® due to feelings of owner or, , tha, this is knoyn as sentimental value, , , , Its use, life, wear andtea, I total cost may be allofed as depreciation to find its present, , | value. Usually a pepentage of depreciation per year is, , | va, | allowed.
