HAPPY HOME

ENGINEERING CONSULTANCY
k @ 011-499492
happyhome2075@gmail.com
@ Panchkhal Municipality, Kavrepalanchok

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Ref. No.: 166/2080/081 I *
Date: 2024-03-25 //
Prabhu Bank Ltd., Sanga Branch
Banepa Municipality-13, Kavrepalanchok

Subject: Preliminary Revaluation Report

Dear Sir,
We are submitting the preliminary revaluation report of the properties which is intended to be
mortgaged to the bank by:
Client Name Ramesh Kumar Karki
Address Prakarbas VDC-04, Ramechhap
We have taken all care to ascertain fair market value and distress value of the following properties as
directed by the client:
Name of owner of the plot Dal Kumari Newar
Address of the property as per title deed Nasikasthan Sanga VDC-06, Kavrepalanchok
Present address of the property Banepa Municipality-10, Kavrepalanchok
Plot No. 2646, 2649 & 2596
Valuation for Land and Building
Location Co-ordinates 27.636748, 85.510188
We hereby declare and certify that:
1) We have physically inspected, verified and measured the properties in the presence of the
client/representative of the client on 2024-03-22.
2) We also certify that no individual in our firm/company has any financial interest in the said
property and client or the client’s business.
3) The conclusion in this report are our unbiased considered opinion of fair market value and distress
value of the subject assets as of the date of valuation which is 2024-03-25.
4) The area of the land as per Land Ownership Registration Certificate (LORC).
S.No. Plot No. _________ Area Ropani Aana Paisa Dam
As per LORC 0 3 2 0
1 2646, 2649 & 2596 As per measurement 0 3 2 0
Net area considered 0 2 3 1.98
5) The width of narrowest part of the plot is 33-0” is at south direction whereas frontage of the plot is
33’-0” is at south direction as shown in site plan drawings.
6) Value of Land:
Area considered in Commercial Government
S.No. Plot No. Adjusted rate/aana
Aana rate/aana rate/aana
2646, 2649
1 2.87 1,300,000.00 250,000.00 985,000.00
& 2596

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happyhome2075@gmaiLcom
ENGINEERING CONSULTANCY
« LL Panchkhal Municipality, Kavrepalanchok
2076/

7) 10 ft wide earthen road at south direction which is shown in the blue print/other legal documents
and the access road at site is also the same based on our physical verification.
8) 3.5 Mtr ROW (Right of Way) from the center of the existing road has been considered as per
fundamental guideline issued by banepa municipality.
9) Residential building having plinth area 825.00 sq ft having municipal approved drawing of 4
storey building which has 2641.40 sq ft of total built up area and partial building completion
certificate is issued for 2 storey building of 1816.40 Sq. Ft.
10) Total area deducted for right of way 214.38 Sq. Ft.
11) Area deducted as site development is 0.00 Sq. Ft.
12) Does the collateral fall under watch list category? NO
13) Valuation guidelines of the bank provided to us have been fully complied with.
14) Comment (If any) NO
FAIR MARKET VALUE OF ASSETS:
S.No. Descriptions Fair market value of assets
1 Land 2,826,950.00
2 Building and other civil works 5,320,000.00
Total Amount 8,146,950.00
In words:
Rupees EightyOne Lakh FortySix Thousand Nine Hundred Fifty Only

DISTRESS VALUE OF ASSETS:

S.No. Descriptions Distress value of assets
1 Land 1,978,865.00
2 Building and other civil works 3,724,000.00
Total Amount 5,702,865.00
In words:
Rupees FiftySeven Lakh Two Thousand Eight Hundred SixtyFive Only
Attached valuation summary sheet constitutes an integral part of this report.

Er. Rajesh Dulal

NEC No. 16898 Civil ”A”
 Annexure-2
Preliminary Valuation Report
(For Land or Land and Building)
Valuer Name: Happy Home Engineering Consultancy Valuation Assignment No:VALCPID-80/81-247-00000040528

Customer Name: Ramesh Kumar Karki Date: 2024-03-21

Valuation Date: 2024-03-22 (AD)

2080-10-09 (BS)

Property Owner: Name: Dal Kumari Newar

Property Address Plot No.: 2646, 2649 & 2596

Ward No.: 10
VDC/ Munic.: Banepa Municipality
City: Sanga

Total Land Value (FMV) 2,826,950.00 Distress Value: 1,978,865.00 Area 0-3-2-0 R-A-P-D (LORC)

Total Building Value (FMV) 5,320,000.00 Distress Value: 3,724,000.00 Area 0-3-2-0 R-A-P-D (Measurement)

Total Apartment Value (FMV) 0.00 Distress Value: 0.00 Area 0-2-3-1.98 R-A-P-D (Valuated)

Construction Estimate Value 0.00 Distress Value: 0.00 Area

Total FMV 8,146,950.00 Total Distress Value 5,702,865.00

Date of Valuation 2024-03-22 (AD)

Motorable Access Yes>/ 0 No ,10 Ft wide road Four Boundary Details: East 3380, 2700

River / stream near property <t> Yes (p No>/ Plot No 2646 West 2592, 2596, 2649
Heritage sites near property 0 Yes <t> No'/ North 3430, 2590

0 Residential V 0 Commercial South Road

Property Type
0 Agricultural 0others (Pls Specify)
Property Ownership Type 0 Singled 0 Joint Plot No 2649 East 2646

Hold Type 0 Freehold^ West 2594

Property Usage 0 Residential V 0 Commercial 0 Others North 2596
South Road

Property Age 0 Years Plot No 2596 East 2646

Residual Age 0 Years West 2594

North 2593

South 2649

Additional Comments: (If Building is to be considered for valuation) Type of Access:

a. Total Construction Project Cost: 8,117,000.00 Earthen

b. Construction status Till Date: 5,320,000.00 Gravel

c. Building Construction Approval Date: 2077-09-10 Concrete Road

d. Building Partial Construction Completion Certificate (BCCC): Date: 2078-02-18 No. of Storey: 2

Special comments (Please include comments on flood zone and land slide)

Property for the Bank Z] Recommended Not Recommended as security for the Bank loan

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Signature of Valuer
Stamp of Valuer
Date: 2024-03-25
Signature of Reviewer
 LAND AREA VERIFICATION
Owner’s Name: Mrs. Dal Kumari Newar
Area Sqm (R-A-P-D) Aana Sq.Ft.
As per LORC 111.28 0-3-2-0 3.50 1,197.87
As per measurement 111.28 0-3-2-0 3.50 1,197.87
Area Considered 91.37 0-2-3-1.98 2.87 983.49

Area of land as per lai purja

S.No Plot No Ropani Aana Paisa Dam Area (Sq.ft)
1 2646 0 3 1 1 1133.70
2 2649 0 0 0 1 21.39
3 2596 0 0 0 2 42.78
Total area of land in sq. ft. 1,197.87
Total area of land in sqm 111.28
Total area of land in Aana 3.50

Area of land as per field verification

No Description Side A (ft) Side B (ft) Side C (ft) Area (Sq.ft)

Please refer site plan 1,197.87

Total area of land in sq. ft. 1,197.87

Total area of land in sqm 111.28
Total area of land in Aana 3.50
Deduction of right of way (ROW) in sq. ft. 214.38
Deduction of possible area damaged by flooding/river in sq. ft.
Deduction of land for site development (10% of Land Area) in sq. ft.
Deduction of setback for building in sq. ft.
Net area of deductions 214.38

Net area considered after deductions in sq. ft. 983.49

Total area of land in sqm 91.37

Total area of land in Aana 2.87

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 VALUATION OF LAND
Total land as per LORC: 3.50 Aana
Land consideration for valuation after deductions: 2.87 Aana
Rate Calculation:
Commercial rate
Description Rate (Nrs.) Unit

Current Market rate inquired from local residents 1,500,000.00 Aana

Market rate taken as per our experience and present

1,300,000.00 Aana
condition

Commercial rate adopted in valuation (Min of Two) 1,300,000.00 Aana

Government Rate:
Description Rate (Nrs) . Unit
Minimum Registration rate notified by govt 250,000.00 Aana
Government rate adopted in valuation 250,000.00 Aana

Weightage Average Calculation:

Description % Rate (Nrs) Unit
Percentage of govt, rate adopted 30 75,000.00 Aana
Percentage of commercia l rate adopted 70 910,000.00 Aana
Land rate adopted in valuation 985,000.00 Aana

Fair Market Value (FMV) of Land:

Description Rate (Nrs) Unit
Rate of land adopted in the valuation 985,000.00
Net area considered for valuation 2.87 Aana
Gross value of land 2,826,950.00
In Words:
Rupees TwentyEight Lakh TwentySix Thousand Nine Hundred Fifty Only

Distress Value (DV) of Land:

Description Rate (Nrs) Unit
Gross value of land 2,826,950,00
Deduction of 30% of fair market value of land 848,085.00
Distress value of land 1,978,865.00
In Words:
Rupees Nineteen Lajkh SeventyEight Thot$ itfdw£ht Hundred SixtyFive Only

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 TECHNICAL SPECIFICATION OF BUILDING AND STRUCTURE
1. Name/Type of Building/Structure: Residential Building
2. No. of Floor:___________________ 4___________________
3. Height of Each Floor:____________ 9,-0M________________
4. Year of Construction: 2077 B.S_____________
5. Type of Construction____________ RCC Frame Structure
6. External Wall Construction 9” Brick Masonry Wall
7. Partition Wall Construction_______ 4” Brick Masonry Wall
8. Type of Roofing________________ RCC Roof____________
10. Door/Shutter Local Wood__________
11. Window Shutter_______________ Local Wood__________
12. Floor Finishing________________ Plastering and Coloring
13. Exterior Finishing______________ Plastering and Coloring
14. Interior Finishing______________ Plastering and Coloring
15. Electrical Installation___________ Conceal Wiring_______
16. Sanitary and Water Supply Installation One Toilet In Each Floor

_______ VALUATION OF BUILDING

1. Plinth Area Calculation: Approved Area Built Area
______ Description_____ Plinth Area (Sq. Ft.) Plinth Area (Sq. Ft.)
_____ Ground Floor 825.00 825.00
_______ First Floor______ 825,00 825,00
______ Second Floor_____ 825,00 166.40
______ Third Floor_____ 166.40 0.00
Total Area 2641.40 1816.40

2. Building Valuation:
B. BUILDING______
S. No. Description Area Unit Unit Rate Total Value (Nrs)
1_____________ Ground Floor 825.00 3,000.00 _______ 2,475,000.00
Sq. Ft.
2____________ Other Floors 991.40 2,700.00 ______ 2,676,780.00
Sub Total ______ 5,151,780.00
3 Electricity 5% St. Cost ________ 257,589.00
4____________ Sanitary 5% St. Cost 257,589.00
Total Cost of Building 5,666,958.00
Construction
Year Valuation Year

5 Depreciation | 2% Per Anum 2077 2080 340,017.48

6 Value of Building After Deduction of Depreciation 5,326,940.52
7 Deductions (If Any) 6,940.52
Grand Total 5,320,000.00

In Words:
Rupees FiftyThree Lakh Twenty Thousand Only

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 SUMMARY OF PROPERTY VALUE
Commericial value of assets
Commericial value of land 3,731,000.00 Nrs
Commericial value of building 5,320,000.00 Nrs
Total commericial value of assets 9,051,000.00 Nrs
In Words:
Rupees Ninety Lakh FiftyOne Thousand Only

Fair market value of assets

Fair market value of land 2,826,950.00 Nrs
Fair market value of building 5,320,000.00 Nrs
Total fair market value of assets 8,146,950.00 Nrs
In Words:
Rupees EightyOne Lakh FortySix Thousand Nine Hundred Fifty Only
Distress value of assets
Distress value of land 1,978,865.00 Nrs
Distress value of building 3,724,000.00 Nrs
Total distress value of assets 5,702,865.00 Nrs
In Words:
Rupees Nineteen Lakh SeventyEight Thousand Eight Hundred SixtyFive Only

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