 |  Valuation 20 Flashcards |  Start |
 | What is the definition of valuation in property assessment? |  Card: 1 / 20 |
| Valuation is the process of estimating the cost of a property based on its present condition. | Card: 2 / 20 |
| Fill in the blank: The Floor Area Ratio is calculated as the total built-up area divided by the ___ of the plot. | Card: 3 / 20 |
| Area | Card: 4 / 20 |
| True or False: The capitalized value of a property is calculated by multiplying net income by the market interest rate. | Card: 5 / 20 |
| False. The capitalized value is calculated using the Year’s Purchase, which is based on the rate of interest. | Card: 6 / 20 |
| What factors influence the value of a building? | Card: 7 / 20 |
| Type of building, location, expected life, size and shape, present condition, and legal control. | Card: 8 / 20 |
| Riddle: I am the amount realized from selling a building's old materials after its utility period. What am I? | Card: 9 / 20 |
| Scrap value | Card: 10 / 20 |
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| Define the term 'sinking fund'. | Card: 11 / 20 |
| A sinking fund is a fund gradually accumulated to reconstruct a property after its utility period. | Card: 12 / 20 |
| What is the formula for calculating the plinth area rate? | Card: 13 / 20 |
| Plinth area rate = Total present cost of a building / Plinth area. | Card: 14 / 20 |
| Fill in the blank: The market value of a property is the amount obtainable in the ___ market if sold. | Card: 15 / 20 |
| Open | Card: 16 / 20 |
| What is the purpose of property valuations? | Card: 17 / 20 |
| To assess wealth tax, fix rent, secure loans, for insurance, compulsory acquisition, and reinstatement. | Card: 18 / 20 |
| True or False: The book value of a property includes all future income from the property. | Card: 19 / 20 |
| False. The book value is the original cost minus accumulated depreciation. | Card: 20 / 20 |
| Completed! Keep practicing to master all of them. |  Restart |
