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    Assessment For Rent

    Uploaded by

    niladrijee
    This document contains a rent assessment calculation for a property. It provides details like the building type, age, area, construction costs, land value, depreciation, maintenance costs, taxes, and market rent comparisons to calculate the recommended monthly rent of Rs. 554,137 for the 628.85 sqm property. The monthly rent per sqft is determined to be Rs. 81.86, which is the minimum when compared to nearby market rates of Rs. 3000 per sqm or Rs. 278.71 per sqft.

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    Assessment For Rent

    Uploaded by

    niladrijee
    88 views3 pages
    This document contains a rent assessment calculation for a property. It provides details like the building type, age, area, construction costs, land value, depreciation, maintenance costs, taxes, and market rent comparisons to calculate the recommended monthly rent of Rs. 554,137 for the 628.85 sqm property. The monthly rent per sqft is determined to be Rs. 81.86, which is the minimum when compared to nearby market rates of Rs. 3000 per sqm or Rs. 278.71 per sqft.

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    Assessment for Rent

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    This document contains a rent assessment calculation for a property. It provides details like the building type, age, area, construction costs, land value, depreciation, maintenance costs, taxes, and market rent comparisons to calculate the recommended monthly rent of Rs. 554,137 for the 628.85 sqm property. The monthly rent per sqft is determined to be Rs. 81.86, which is the minimum when compared to nearby market rates of Rs. 3000 per sqm or Rs. 278.71 per sqft.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    88 views3 pages

    Assessment For Rent

    Uploaded by

    niladrijee
    This document contains a rent assessment calculation for a property. It provides details like the building type, age, area, construction costs, land value, depreciation, maintenance costs, taxes, and market rent comparisons to calculate the recommended monthly rent of Rs. 554,137 for the 628.85 sqm property. The monthly rent per sqft is determined to be Rs. 81.86, which is the minimum when compared to nearby market rates of Rs. 3000 per sqm or Rs. 278.71 per sqft.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 3

    Rent Assesment for ____________________________________

    Calculation of rent as per Revised Guidlines given in Annexure 61 of S.O.P.:-


    1 Name of Building:--
    2 Location:-
    3 Type of Structure:- RCC Framed Structure
    4 Year of Construction:- 1952
    5 Age of Building (A):- 70 Years
    6 Life of Building:- 95 Years
    7 Residual life of Building (R):- 25 Years
    8 Floor height:- 2.85m to 5.54m
    9 Portion to be hired:- Complete Builtup Area
    10 Plinth Area (Built up Area) of Building:- 628.85 Sqm 6768.94 Sqft
    1. Calculation for Reproduction cost of Building:
    A-1 Building cost Based on PAR 2021 Area Unit Rate Amount
    1.1 RCC Framed Structure (Upto six storeys) (Offices/Colleges)
    1.1.1 Floor height 3.60 mtr. 628.85 Sqm 27090.00 17035546.50
    1.3) EXTRA FOR

    1.3.2) Every 0.3 meter or part thereof, additional/less height of floor


    above normal floor height of 3.60 meter/ 3.00 meter (on areas having
    additional/ less height)
    Area-1
    Floor height = 4.20 meter
    Extra ht= 4.20-3.60= 0.60m (0.60/0.30=2)
    Rate= 2x370= 740/-
    Area= 7.80x15.60= 121.68 Sqm 121.68 Sqm 740.00 90043.20
    Area-2
    Floor height = 5.54 meter
    Extra ht= 5.54-3.60= 1.94m (1.94/0.3= 6.47)
    Rate= 6.47x370= 2393.90/-
    Area= 7.92x4.37 + 8.03x2.92 = 58.06 Sqm 58.06 Sqm 2393.90 138989.83
    Area-3
    Floor height = 4.42 meter
    Extra ht= 4.42-3.60= 0.82m (0.82/0.3= 2.73)
    Rate= 2.73x370= 1010.10/-
    Area= 18.93x19.67 = 372.35 Sqm 372.35 Sqm 1010.10 376110.74
    Area-4
    Floor height = 2.85 meter
    Extra ht= 2.85-3.60= -0.75m (0.75/0.3= 2.50)
    Rate= -2.50x370= -925.00/-
    Area= 8.32x2.95 + 2x5.52x2.93 = 56.89 Sqm 56.89 Sqm -925.00 -52623.25
    Area-5
    Floor height = 2.45 meter
    Extra ht= 2.45-3.60= -1.15m (1.15/0.3= 3.83)
    Rate= -3.83x370= -1417.10/-
    Area= 2x2.40x4.14 = 19.87 Sqm 19.87 Sqm -1417.10 -28157.78
    Total Building Cost Rs. 17559909.24

    A-2 Add for Services


    i) Internal W/S & S/I 4.00%
    ii) External Service connecting 5.00%
    iii) Internal Electric Installations 12.50%
    Total 21.50% of Building Cost 17559909.242 3775380.49
    Total 21335289.73
    A-3 Add Cost Index weightage
    New Delhi = 21335290 0 0
    Reproduction cost of Building 21335289.72903
    C
    A-4 Depriciation C A R
    D= 0.94 * C * A/(A+R) 21335289.72903 70 25 D 14777495.4123176
    A-5 Depriciated cost of Building (C-D) E 6557794.32
    B Cost of Land
    B-1 Land appurtenant
    Builtup Area of Building 628.85 Sqm
    B-2 Land rate
    Rate in the area as per collector rate for the year
    2021-22
    Rate per Sqm 102144
    B-3 Cost of land 102144 x 628.85 = 64233254.40
    Net value of property 6557794.32 + 64233254.40 = 70791048.72
    E + F
    Sinking Fund= D*k D R k
    Sinking Fund coffiecient k = 0.66/{(1+0.06)^R-1} 14777495.4123176 25 0.200493900335 Dxk= 2962797.69239833
    Total 73753846.41
    Net Annual Return 73753846.41 @ 7% 5162769.25
    Add Maintenance charges 5162769.25 @ 12% 619532.31
    Total 5782301.56
    Monthly Rent 5782301.56 / 12 481858.46
    Add Municipal taxes 481858.46 @ 15% = 72278.77
    Total Monthly Rent ₹ 554,137.23
    Monthly rent per sqft of builtup area ₹ 554,137.23 / 6768.94 (A) ₹ 81.86

    2 Market Rent (Comparative Rent Instances)


    Monthly rent access in nearby area as per site
    investingation (Rate per Sqm) 3000
    Monthly rent access in nearby area as per site (B)
    investingation (Rate per Sqft) 278.71
    Monthly Rent of Portion being hired (Minimum of A & B) ₹ 81.86
    Total Montly Rent for the property ₹ 554,137

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