You are currently viewing PART-23, 24, 25, 26 & PART-27 KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR : LET KNOWLEDGE SPREAD : 10 QUESTIONS WITH ANSWER KEYS

PART-23, 24, 25, 26 & PART-27 KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR : LET KNOWLEDGE SPREAD : 10 QUESTIONS WITH ANSWER KEYS

KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR 

LET KNOWLEDGE SPREAD

Spend your lockdown period usefully.

PART-23   03.06.2021

CHOOSE THE RIGHT ANSWER – YES / NO

221. Rent control act, Urban land ceiling act, and Coastal regulation are examples of legal factors. Is it right? ….. Yes / No

222. Locality, neighborhood, and civic amenities are examples of physical factors. Is it right? ….. Yes / No

223. Transfer of property act, Covenants in lease deed, Easement act, and Licences are called legal factors. Is it right? ….. Yes / No

224. Population and means of communication are examples of physical factors. Is it right? ….. Yes / No

225. Land acquisition act, Town planning act, Open space regulations, and Building bye-laws are called legal factors. Is it right? ….. Yes / No

226. Prestige aspects and political factors are examples of physical factors. Is it right? ….. Yes / No

227. Law on earthquake building and reservation under different acts are called legal factors. Is it right? ….. Yes / No

228. Racial habitation like Hindu colony, Mohamedan colony, and Catholic colony are examples of physical factors. Is it right? ….. Yes / No

229. A safe distance from the Industrial belt, hazardous zone, height restriction area, and Airport area is called legal factors. Is it right? ….. Yes / No

230. Belief in Vaastu is an example of a physical factor. Is it right? ….. Yes / No

ANSWERS KEYS:
Part 23

221 – Yes
222 – No
223 – Yes
224 – No
225 – Yes
226 – No
227 – Yes
228 – No
229 – Yes
230 – No

PART-24   04.06.2021

CHOOSE THE RIGHT ANSWER – YES / NO

231. When the FSI is less, the composite rate will be more. Is it right? ….. Yes / No

232. By adopting a composite rate, we can value a commercial shop. Is it right? ….. Yes / No

233. Unit land rate = Rs. 8,600/-, Building rate is Rs. 2,000/-, Promoter’s profit is 20%, FSI = 2. The composite rate is Rs. 7,200/-. The building is 30 years old. Life 60 years. Depreciated composite rate is 50% of Rs. 7,200 = Rs. 3,600. Is it right? ….. Yes / No

234. A commercial complex can also be valued by the composite rate method. Is it right? ….. Yes / No

235. With FSI as 2, the value of a new residential flat is estimated by the composite rate method and also by the land and building method. The second method will give a higher value. Is it right? ….. Yes / No

236. The value of land is separately assessed and to this, the value of the building is added. This method is called the composite rate method. Is it right? ….. Yes / No

237. The composite rate for a flat is inclusive of the promoter’s profit. Is it right?

238. UDS = Super built-up area / FSI – Is it right? ….. Yes / No

239. UDS of land alone in an apartment enjoys market value. Is it right? ….. Yes / No

240. Undivided share of land does not enjoy market value for security purpose in general. Is it right? ….. Yes / No

ANSWERS KEYS:
Part 24

231 – Yes
232 – Yes
233 – No
234 – Yes
235 – No
236 – No
237 – Yes
238 – Yes
239 – No
240 – Yes

PART-25   05.06.2021

CHOOSE THE RIGHT ANSWER – YES / NO

241. A flat is valued by composite rate. While fixing insurance value for a flat, the UDS of land is to be considered. Is it right? ….. Yes / No

242. The extent of a plot is 3,000 sq. ft. There are 10 flats of equal plinth area. The UDS of each flat will be 300 sq. ft. Is it right? ….. Yes / No

243. UDS of land alone can be certified for market value for the purpose of collateral security. Is it right? ….. Yes / No

244. The extent of land is 6,000 sq. ft. The total built-up area of all the 20 flats is 12,000 sq. ft. The UDS of land for 1,222 sq. ft. of the flat is 300 sq. ft. Is it right?….. Yes / No

245. Four co-owners A, B, C, D are owning a land of 10,000 sq. ft. Mr. A owns 1,000 sq. ft. of undivided share in that land. If A approaches the valuer for certifying the market value, then, the valuer cannot certify for any market value, because of identification of 1,000 sq. ft. of his share alone is not possible. Is it right? ….. Yes / No

246. FSI is 0.5. When UDS of land is more and the plinth area of the flat is less, the value by land & building method cannot be considered. Is it right? ….. Yes / No

247. Mr. X is having a commercial building of 20,000 sq. ft. situated in a plot of 10,000 sq. ft. He wants to sell one shop of 1,000 sq. ft. to Mr. Y. He approaches a valuer to suggest to him the UDS of the land of the shop for the purpose of executing a sale deed in favor of Mr. Y. The common area percentage is 10%. The UDS of land is 500 sq. ft. Is it right? ….. Yes / No

248. The undivided shares in a property are more attractive to a prudent purchaser. Is it right? ….. Yes / No

249. While fixing the joint venture ratio, the promoter’s profit is to be considered. Is it right? ….. Yes / No

250. The floor space index plays a vital role while fixing the joint venture ratio in an apartment project. Is it right? ….. Yes / No

ANSWERS KEYS:
Part 25

241 – No
242 – Yes
243 – No
244 – No
245 – Yes
246 – No
247 – No
248 – No
249 – No
250 – Yes

PART-26   06.06.2021

CHOOSE THE RIGHT ANSWER – YES / NO

251. The joint venture is mostly applicable for apartment projects. Is it right? ….. Yes / No

252. In a joint venture, the land rate is to be considered based on a guideline rate fixed by the government. Is it right? ….. Yes / No

253. In a joint venture, the building rate is based on market rates based on the proposed specifications of the building. Is it right? ….. Yes / No

254. In a joint venture agreement, the share of the landlord will be more if the land rate is less. Is it right? ….. Yes / No

255. In a joint venture agreement, the share of the promoter is less when the building rate is less and the land rate is more. Is it right? ….. Yes / No

256. In a joint venture agreement, the two main factors which decide the ratio normally are approved drawing and set back distance. Is it right? ….. Yes / No

257. In a joint venture development, the ratio normally represents Promoter: Landlord. Is it right? ….. Yes / No

258. While fixing the joint venture ratio, the developer’s profit is the main criteria. Is it right? ….. Yes / No

259. The owner of the land does not want to sell his land outright. Hence he calls a developer to have a mutual understanding. The owner gives his land and the developer constructs a building in the land. For the share value of his land, the landlord gets a few flats. This type of agreement between the landlord and the developer is called a Joint Venture agreement (J.V.). Is it right? ….. Yes / No

260. While fixing the Joint venture ratio, the two important aspects which play a vital role are land rate & construction cost. Is it right? ….. Yes / No

261. The land rate is Rs. 6,000/sq.ft. FSI is 2. The building rate is Rs.2,000/-.. Joint venture ratio for promoter: the landlord is 60: 40. Is it right? ….. Yes / No

262. In a joint venture agreement, the share of the developer is less when the estimated building cost is more than the land component. Is it right? ….. Yes / No

ANSWERS KEYS:
Part 25

251 – Yes
252 – No
253 – Yes
254 – No
255 – Yes
256 – No
257 – Yes
258 – No
259 – Yes
260 – Yes
261 – No
262 – No

PART-27   07.06.2021

CHOOSE THE RIGHT ANSWER – YES / NO

263 FSI = Plot area / built-up area – Is it right? ….. Yes / No

264. The term “Super built-up area” holds good only when there is a common area. Is it right? ….. Yes / No

265. Common area in an apartment is expressed in terms of percentage. Is it right? ….. Yes / No

266. The approximate rate of return a flat owner gets in his flat located in a mofussil town as of 2019 is 12%. Is it right? ….. Yes / No

267. In apartment valuation, common area %age = Total common area / Sum of the super built-up area of all flats. Is it right? ….. Yes / No

268. Mr. X has obtained drawing approval for an FSI of 1.5 whereas he has actually constructed a building for an FSI of 3.0. The valuer must consider this serious violation when he prepares the valuation report for the cost of construction. Is it right? ….. Yes / No

269. The meaning of FSI and FAR are different. Is it right? ….. Yes / No

270. When the FSI achieved is less, the value arrived at by the income approach will give an accurate result. Is it right? ….. Yes / No

271. Floating FSI is the concept built on the idea that the development potential of one plot can be utilized or transferred to another plot. Is it right? ….. Yes / No

272. A flat on the top floor always fetches a lower value. Is it right? ….. Yes / No

ANSWERS KEYS:
Part 27

263 – No
264 – Yes
265 – Yes
266 – No
267 – No
268 – No
269 – No
270 – No
271 – Yes
272 – No

With best wishes,

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

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