A person has purchased a plot of land costing Rs. 1200000/- and constructed a building there at a cost of 40,00,000/- including w/s sanitary, electric installation etc.

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written 8.4 years ago by

teamques10 ★ 68k

• modified 8.4 years ago

A person has purchased a plot of land costing Rs. 1200000/- and constructed a building there at a cost of 40,00,000/- including w/s sanitary, electric installation etc. Allowing a net rent @ 8 % on cost of construction and 7% on cost of land work out the standard rent of the property with the following data

Sinking fund on 4% basis for a future life of 75 years = 0.0022.
Annual maintenance is ½ % of cost of construction.
Municipal taxes and other outing @ 28% of gross rent.

Mumbai University > CIVIL > Sem 7 > Quantity survey Estimation and valuation

Marks: 10 M

Year: Dec 2012

quantity survey estimation and valuation

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written 8.4 years ago by

teamques10 ★ 68k

Building,cost land cost	Total	$4000000,\\ 1200000,\\ 5200000$
Net return	$\frac{8}{100}\times 4000000 \\ \frac{7}{100}\times1200000 \\ \text{Total}$	$320000, \\ \;84000, \\ \; 404000$
Sinking fund	$\text{Sinking fund coefficient} \\ I_c=0.0022 \\ \text{Sinking fund instalment} \\ =I_c\times(cost - scrap) \\ =0.0022 \times (4000000-0.1\times4000000) \\ =7920$	-

$\text{Annual maintenance} = \dfrac{0.5}{100}×4000000=Rs.20000$

$\text{Gross rent}$

$\text{=Net rent + sinking fund + Annual maintenance + taxes & outgoing}$

$x=404000+7920+20000+\dfrac{28}{100}×x$

$\text{Gross rent(x) = 599889}$

$\text{Gross rent/ month} = \dfrac{599889}{12}=Rs.49991.$

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