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9PP06 Valuation

Objective:

To explain basic principles of valuation.

To impart understanding of the valuation process as a whole.

 

Course Contents:

  1. Meaning of valuation: Meaning of terms cost, value price, real estate, purpose of valuation, purchase, sale mortatage, land acquisition, taxes, insurances, characteristics of good valuer.

  2. Factors affecting value of property

  3. Various forms of value

  4. Meaning of terms gross income, net income and outgoings

  5. Meaning of sinking fund and its purpose

  6. Meaning of year’s purchase and capitalized value of property

  7. Annuity amortization

  8. Depreciation and obsolescence

  9. Methods of valuation of properties:

Reference Books:

    1. Principles and practices of valuation land and houses - By John Parks.

    2. An introduction to property valuation- By A.F. Millington.

    3. Valuation of real properties- By S.C. Rangwala.

 

Evaluation:

Internal 60 %

    (Class assignments/tutorials, Class attendance, Tests, Class interactions, and any laboratory work if required
    etc.)

Final 40 %

    (Exam, Jury, Term Paper etc.)