A person has purchase a plot of land costing 20 lakhs and is constructing a building ther on at the cost of 1Cr.

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A person has purchase a plot of land costing 20 lakhs and is constructing a building ther on at the cost of 1Cr. Allowing a net return of @ 8% on cost of land and 7% on cost of construction. Work out the standard rent of the property with the following data

Sinking fund on 4% basis for future life of 75 years = 0.0022.
Annual maintenance @ 1.5% of cost of construction
Municipal taxes and other outgoing @ 25% of gross rent.

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

Marks: 10 M

Year: May 2013

quantity survey estimation and valuation

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Building,cost land cost	Total	$10000000, \\ 2000000, \\ 12000000$
Net return	$\frac{8}{100}\times 4000000 \\ \frac{7}{100}\times1200000 \\ Total$	$160000,\\ 700000, \\ 860000$
Sinking fund	$I_c=0.0022 \\ \text{Sinking fund instalment} \\ =I_c \times (cost-scrap) \\ =0.0022 \times (10000000-0.1 \times 10000000) \\ =7920$	-
Annual maintenance	$\dfrac{1.5}{100}\times 10000000$	150000

Building,cost land cost

Total

$10000000, \\ 2000000, \\ 12000000$

Net return

$\frac{8}{100}\times 4000000 \\ \frac{7}{100}\times1200000 \\ Total$

$160000,\\ 700000, \\ 860000$

Sinking fund

$I_c=0.0022 \\ \text{Sinking fund instalment} \\ =I_c \times (cost-scrap) \\ =0.0022 \times (10000000-0.1 \times 10000000) \\ =7920$

Annual maintenance

$\dfrac{1.5}{100}\times 10000000$

150000