A person has purchased a plot of land costing Rs. 7,00,000/- and has constructed a building there on at a cost of Rs, 20,00,000/- including w/s sanitary electrical installation.

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A person has purchased a plot of land costing Rs. 7,00,000/- and has constructed a building there on at a cost of Rs, 20,00,000/- including w/s sanitary electrical installation. Allowing a net return @ 8.5 % on cost of construction and @ 5% net return on the cost of the land, work out standars rent of the property with the following data

Sinking fund on 4% basis for the future life of 80 years= 0.0022
Annual maintenance = ½ % of cost of construction.
Municipal taxes and other outgoing = 28.5% of gross rent

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

Marks: 10 M

Year: May 2014

quantity survey estimation and valuation

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Building,cost land cost	Total	$20,00,000, \\ 7,00,000, \\ 27,00,000$
Net return	$\frac{8}{100}\times 4000000 \\ \frac{7}{100}\times1200000 \\ Total$	$170000, \\ 35000, \\ 205000$
Sinking fund	$I_c=0.0022 \\ \text{Sinking fund instalment} \\ =I_c \times (cost-scrap) \\ =0.0022 \times (2000000-0.1 \times 2000000) \\ =3960$	-
Annual maintenance	$\dfrac{1.5}{100}\times 2000000$	30000

Building,cost land cost

Total

$20,00,000, \\ 7,00,000, \\ 27,00,000$

Net return

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

$170000, \\ 35000, \\ 205000$

Sinking fund

$I_c=0.0022 \\ \text{Sinking fund instalment} \\ =I_c \times (cost-scrap) \\ =0.0022 \times (2000000-0.1 \times 2000000) \\ =3960$

Annual maintenance

$\dfrac{1.5}{100}\times 2000000$

30000