2.1 VALUATION
VALUE – DIFFERENCE BETWEEN COST AND VALUE – PURPOSE OF
VALUATION – DEFINITION OF TERMS :CAPITAL COST, GROSS IN COME
AND NET INCOME , OUTGOINGS , CAPITALIZED VALUE AND CAPITAL
VALUE , SCRAP VALUE , SALVAGE VALUE , OBSOLESCENCE, SINKING
FUND , DEPRECIATION , YEARS PURCHASE , BOOK VALUE, MARKET
VALUE , RATABLE VALUE , DEFERRED VALUE OF LAND , LEASE ,
MORTGAGE , ANNUITY , AMORTIZATION – FACTORS AFFECTING THE
VALUE OF A PROPERTY – CLASSIFICATION OF PROPERTIES – TYPES
OF LEASES –PROBLEMS ON DETERMINATION OF SINKING FUNDPROBLEMS ON CALCULATION OF DEPRECIATION – METHODS OF
VALUATION OF BUILDINGS –VALUATION BASED ON COMPARISON
/RENT / PROFIT / PRESENT VALUE – METHODS OF VALUATION OF
LANDS – MATHEMATICS OF VALUATION – VALUATION TABLES –
PROBLEMS ON VALUATION OF BUILDINGS / PROPERTIES
2.2 RENT CALCULATION
FIXATION OF RENT – DEFINITION OF TERMS : STANDARD RENT, FAIR
RENT OR REASONABLE RENT , ECONOMICAL RENT, MARKET RENT ,
RENT CERTIFICATE – RENT CONTROL – FACTORS INFLUENCING THE
RENT OF A BUILDING – PROBLEMS ON RENT CALCULATION – FIXING
RENT OF A PRIVATE BUILDING USED BY GOVERNMENT – FIXING RENT
OF A GOVERNMENT BUILDING USED BY ITS EMPLOYEES –FIXING RENT
OF A GOVERNMENT BUILDING RENTED TO PRIVATE PARTIES