FORM O-1
Report of valuation of immovable property
Part I-Questionnaire
General :
1 Purpose for which valuation is made
2 Date as on which valuation is made
3 Name of the owner/ owners
4 If the property is under joint
ownership/co-ownership, share of each
such owner. Are the shares undivided?
5 Brief description of the property
6 Location, Street, Ward No.
7 Survey/Plot No. of land
8 Is the property situated
residential/commercial/mixed
area/industrial area?
9 Classification of locality - high
class/middle class/poor class
10 Proximity to civic amenities like schools,
hospitals, offices, markets, cinemas, etc.
11 Means and proximity to surface
communication by which the locality is
served
Land:
12 Area of land supported by documentary
proof, shape, dimensions and physical
features
13 Roads, streets or lanes on which the land
is abutting
14 Is it freehold or leasehold land?
15 If leasehold, the name of lessor/lessee,
nature of lease, dates of commencement
and termination of lease and terms of
renewal of lease:
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Valuation is carried out because the prospective
buyer desires to have an immovable property in
Ahmednagar city.
24-04-2023
ABC
No
The property is situated in Savedi Area on plot No
86, Survey No 28/A, Omkar Society, Tapovan
Road. The building was constructed in 2002. The
total land area is 480 sq. m. The plot size is 16 m ×
30 m. It is 2 storied RCC framed structure. It has
103.57 sq. m. of plinth area on ground floor and
same built up area on first floor.
The property is situated in Savedi Area on plot No
86, Survey No 28/A, Tapovan Road, Omkar
Society.
Survey No. 28/A, plot No 86
in Residential area
Middle class
Proximity to Hospital- Surya Hospital, Tapovan
Road
Property is near to Auto Rickshaw stand and the
locality is served by private autos only
Area of land = 480 sq. m.
Plot is rectangular shape of size 16 m × 30 m. The
land is made N.A. land by the first owner
Land has frontage of 9 m wide internal street
meeting to 30 m wide Tapovan road.
Free hold
Not applicable
 (i) Initial premium
(ii) Ground rent payable per annum
(iii) Unearned increase payable to the
lessor in the event of sale or transfer
16 Is there any restrictive covenant in regard No
to use of land? If so, attach a copy of the
covenant
17 Are there any agreements of easements? If No
so, attach copies
18 Does the land fall in an area included in No
any Town Planning Scheme or any
Development Plan of Government or any
statutory body? If so, give particulars
19 Has any contribution been made towards Full development has taken place in this area
development or is any demand for such
contribution still outstanding?
20 Has the whole or part of the land been No
notified for acquisition by Government
or any statutory body? Give dates of the
notification
21 Attach a dimensioned site plan Nil
Improvements:
22 Attach plans and elevations of all Nil
structures standing on the land and a lay-
out plan
23 Furnish technical details of the building Nil
on a separate sheet
24 (i) Is the building owner-occupied/ Owner occupied
tenanted/ both?
(ii) If partly owner-occupied, specify Not applicable
portion and extent of area under owner-
occupation
25 What is the Floor Space Index FSI is 1.0
permissible and percentage actually
utilized?
Rents:
26 (i) Names of tenants/lessees/licensees, etc Nil
(ii) Portions in their occupation Nil
(iii) Monthly or annual Consider 80 Rs/ sq.m. of carpet area/ month
rent/compensation/license fee, etc., paid by = 80×96 = 7680 Rs/ month
each
(iv) Gross amount received for the whole 7680×12 = 92,160 Rs. Per year
property
27 Are any of the occupants related to or No
close business associates of the owner?
28 Is separate amount being recovered for the Nil
use of fixtures like fans, geysers,
refrigerators, cooking ranges, built in
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 wardrobes, etc., or for service charges? If
so, give details
29 Give details of water and electricity All charges are to be borne by owner as there are no
charges if any, to be borne by the owner tenants
30 Has the tenant to bear the whole or part of No
the cost of repairs and maintenance? Give
particulars
31 If a lift is installed, who is to bear the No lift
cost of maintenance and
__
operation owner or tenant?
32 If a pump is installed, who has to bear the Owner
cost of maintenance and
__
operation owner or tenant?
33 Who has to bear the cost of electricity Owner
charges for lighting of common space like
entrance hall, stairs, passages, compound,
etc__owner or tenant?
34 What is the amount of property tax? Who 2000 Rs annually paid by owner
is to bear it? Give details with
documentary proof
35 Is the building insured? If so, give the No
policy No. amount for which it is insured
and the annual premium
36 Is any dispute between landlord and No
tenant regarding rent pending in a court
of law?
37 Has any standard rent been fixed for the No
premises under any law relating to the
control of rent?
Sales:
38 Give instances of sales of immovable Not available
property in the locality on a separate
sheet, indicating the name and address of
the property, registration No., sale price
and area of land sold
39 Land rate adopted in this valuation 4500 Rs per sq. m.
40 If sale instances are not available or not As mentioned above
relied upon, the basis of arriving at the
land rate
Cost of construction:
41 Year of commencement of construction 2002
and year of completion
42 What was the method of construction -- by By employing labour directly
contract/by employing labour
directly/both?
43 For items of work done on contract, Nil
produce copies of agreements
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44 For items of work done by engaging Information not available
labour directly, give basic rates of
materials and labour supported by
documentary proof

Part II - Valuation
Valuation by present land value method:
Cost of land = Present rate of land in vicinity × total area of plot
= Rs 4500/ sq. m × 480
= 21,60,000 Rs.
Depreciation by sinking fund method:
i′
Sinking fund installment = Si = S.F. [(1+i′ )n−1]
Where,
i’ = interest on sinking fund = 3.8% = 0.038
n= useful life of building = 100 years for first class specifications
S.F. = original cost – scrap value
Original cost of construction = 103.57 ×1500 = 1,55,355 Rs.
Scarp value = 10% of original cost

S.F. = 1,55,355 – 15535.5 = 1,39,819.5 Rs.

0.038
Si = 1,39,819.5 × [(1+0.038)100 −1] = 130.667 Rs.

Depreciation for 21 years (2002 to 2023)

n
(1+i′ ) −1 (1+0.038) 21 −1
S.F. = Si [ ] = 130.667 [ ]= 4086.745 Rs.
i′ 0.038

Book value = Original cost – Depreciation + present land cost

= 1,55,355 – 4086.745 + 21,60,000
= 23,11,268.25 Rs.
= 23.11 Lakhs Rs.
Present valuation of property is 23.11 Lakhs Rs.

Part III - Declaration

I hereby declare that -
(a) the information furnished in Part I is true and correct to the best of my knowledge and belief
(b) I have no direct or indirect interest in the property valued
(c) I have personally inspected the property on date: 24-04-2023

Place: Signature of registered valuer

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 ANNEXURE TO FORM O-1

Technical details Main building

1 No. of floors and height of each floor No. of floors = G.F. + F.F. = 2 floors
Height of each floor = 3 m
2 Plinth area floor-wise (As per IS: 3861-1966) G.F. = 103.57 sq. m.
F.F. = 103.57 sq. m.
3 Year of construction 2002
4 Estimated future life 79 years
5 Type of construction- load bearing walls/RCC RCC framed structure
frame/steel frame
6 Type of foundations Individual Isolated footing
7 Walls
(a) Basement and plinth 230 mm thick BB masonry in CM 1:6
(b) Ground floor External wall - 230 mm thick BB
(c) Superstructure above ground floor masonry in CM 1:6 with sand faced
plaster for outer surface and neeru
finish for inside surface
Internal wall – 150 mm thick BB
masonry with suitable finish
8 Partitions Internal partition walls are 150 mm
thick in BB masonry CM 1:6
9 Doors and windows (Floor -wise).
(a) Ground floor Flush door of size 900 mm × 2100
mm for bedroom
(b) 1st floor Flush door of size 900 mm × 2100
mm for bedroom
(c) 2nd floor, etc. Not applicable
10 Flooring (Floor-wise).
(a) Ground floor Vitrified tile flooring for all rooms,
except for bath and WC. White glazed
tiles for bath and WC floor and dado
(b) 1st floor Same as ground floor
(c) 2nd floor, etc. Not applicable
11 Finishing (Floor-wise).
(a) Ground floor External sand face plaster and 12 mm
thick cement plaster with neeru finish
for internal walls
(b) 1st floor Same as ground floor
(c) 2nd floor, etc. Not applicable
12 Roofing and terracing RCC slab as roofing and water proof
terrace flooring
13 Special architectural or decorative features, if any Nil
14 (i) Internal wiring- surface or conduit Surface wiring
(ii) Class of fittings : Superior/ordinary/poor superior
15 Sanitary installations.
(a) (i) No. of water closets One on each floor
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 (ii) No. of lavatory basins Two
(iii) No. of urinals Nil
(iv) No. of sinks One
(v) No. of bath tubs Nil
(vi) No. of bidets Nil
(vii) No. of geysers Two
(b) Class of fittings : Superior coloured/ Superior coloured
superior white/ ordinary
16 Compound wall.
(i) Height and length 230 mm thick and 1.5 m high
(ii) Type of construction Concrete block masonry
17 No. of lifts and capacity Nil
18 Underground Pump- Capacity and type of 2000 liters underground rectangular
construction water tank
19 Overhead tank :
(i) Where located Above staircase headroom
(ii) Capacity 1000 liter capacity
(iii) Type of construction RCC wall and slab
20 Pumps-No. and their horse power One pump of 1 Hp capacity
21 Roads and pavings within the compound, Paving blocks in compound
approximate area and type of paving
22 Sewage disposal- whether connected to public Connected to public sewers.
sewers. If septic tanks provided, No. and
capacity

Signature of registered valuer

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