KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR 

LET KNOWLEDGE SPREAD

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PART-12    23.05.2021

CHOOSE THE RIGHT ANSWER – YES / NO

111. The rate of return on investment depends on the location of the property. Is it right?.….. Yes/No

112. A valuer can give a valuation report without mentioning the “purpose”. Is it right?

113. Between 1974 – 75 & 1977 – 78, a capital asset held for more than 60 months qualifies for long-term capital gain. Is it right?

114. Between 1978 – 79 to 2016 – 17, a capital asset held for more than 36 months qualifies for long-term capital gain. Is it right?

115. While transferring the property to a lessee under the lease, the lessor is not required to pay capital gains. Is it right?

116. If both land and building are given on lease, it is called an occupational lease. Is it right?

117. A man cannot grant a lease to himself as an individual. Is it right?

118. A perusal of lease deed is not the duty of a valuer if he wants to value a leasehold property. Is it right?

119. If the unexpired period of lease is short, the value of the lessor’s share will be more. Is it right?

120. If the unexpired period of lease is very long, the value of the lessee’s share will be more. Is it right?

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ANSWER KEYS

Part 12

111 – Yes
112 – No
113 – Yes
114 – Yes
115 – Yes
116 – Yes
117 – Yes
118 – No
119 – Yes
120 – Yes

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PART-13    25.05.2021

CHOOSE THE RIGHT ANSWER – YES / NO

121. The cost of the first floor is always less than the cost of the ground floor. Is it right?.….. Yes/No

122. While estimating the cost of construction by applying State PWD rates, a minimum rebate of 10.0% must be given always to the assessee. Is it right? .….. Yes/No

123. The purpose of fire insurance is to reinstate the damaged or destroyed property to its former condition. Is it right?.….. Yes/No

124. A building lease is the lease of land on a ground rent for a long term granted for the purpose of erection of a building. Is it right? .….. Yes/No

125. Ground rent is said to be “secured” when the land is developed with a well-erected building. Is it right? .….. Yes/No

126. An assessee has executed his construction by contract method. While giving a valuation report on the cost of construction, a valuer can permit a suitable rebate for self-supervision. Is it right? .….. Yes/No

127. Factory buildings are generally considered as the best security for mortgage purposes. Is it right? .….. Yes/No

128. Capital gain is the loss arising from the transfer of a property. Is it right? .….. Yes/No

129. The main principle in valuation for the acquisition of land is that of financial reinstatement of a person whose land is acquired. Is it right? .….. Yes/No

130. The literal meaning of “CAVEAT” is a warning or a legal notice to stop a proceeding. Is it right? .….. Yes/No

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ANSWER KEYS

121 – No
122 – No
123 – Yes
124 – Yes
125 – Yes
126 – No
127 – No
128 – No
129 – Yes
130 – Yes

With best wishes,

B. KANAGA SABAPATHY
bkvaluer@gmail.com
www.bkanagasabapathy.com

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