The document provides a valuation report for a residential property owned by Mr. Amarjit Singh, located in Village Mehli, Punjab, with a valuation date of June 14, 2018. The total value of the property, including land and construction costs, is assessed at Rs. 32,13,000. The report includes details on the property's specifications, boundaries, and market conditions influencing its value.
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Amarjit mehli
The document provides a valuation report for a residential property owned by Mr. Amarjit Singh, located in Village Mehli, Punjab, with a valuation date of June 14, 2018. The total value of the property, including land and construction costs, is assessed at Rs. 32,13,000. The report includes details on the property's specifications, boundaries, and market conditions influencing its value.
3 Purpose of Valuation To Assess fair market value of the property 4 Documents seen for establishing Mutation deed given By Patwari the title of the property(Whether Dated: 16.06.2018 Out of Khasra no.3391/1- Original Photocopy) 2185 5 Complete Address of property Village :Mehli, Tehsil: Banga 6 Nature of Property Residential 7 Plot/Constructed Constructed 8 No. of Storeys Single 9 Classification of Property Middle Class 10 Falls in Lal Lakir/Outside lalakir Outside Lal Lakir 11 Falls in Municipal Limits Outside Municipal Limits /Outside Municipal Limits 12 Boundaries of the property North : P/O. Others South : Banga Road East : H/O.Jagdev Singh West : H/O. Sarabjit Singh 13 Land Area in Marla 12 14 Value per Unit Rs. 1,75,000 15 Cost of Land Rs. 21,00,000 16 Technical Specifications Type of Foundation Spread Footing Walls 1st class B.B. work in Cement Mortar Partitions 1st class B.B. work in Cement Mortar Flooring Conglomerate Flooring Roofing & Terracing R.C. Slab Compound Wall 1st class B.B. work in Cement Mortar Special Architecture or normal exterior & interior decorative features if any Year of Construction 2012 Age of building(year) 5year Depreciation factor 0.927 17 Cost of Construction The construction part of the property comprises of residential building. The market value of this portion has been worked on the basis of plinth area rates corresponding to the type of construction and building material used with appropriate depreciation applied thereto. G.F. Covered Area sq. ft. 1,000sq.ft. Rate of construction (per sq. ft.) Rs. 1,200 Others Rs. 0 Total Value of Construction Rs. 11,12,400
Total Value of Property
a) Land Value Rs. 21,00,000 b) Cost of Construction Rs. 11,12,400 c)Grand Total Rs. 32,12,400 Rs. 32,13,000 Share of owner Certificate: Based on the information furnished to me, detailed inspection & measurements at site, detailed local enquiries & taking into consideration such important features as the location of the land, its potential for marketability, present market trends etc. I am of the considered opinion that The present worth of the property is Rs.32,13,000/ (Rupees Thirty Two lakh Thirteen thousand Only.)