Valuation of Real Property Principles and Practice

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Description
The focus of the book is on propertyfundamentals including basic economic principles, evolution of theconcepts and modern trends. The distinguishing features of the propertymarket have also been analysed.
Valuation techniques and current research
Established valuation methods and research-based improvements byscholars in the wake of current market uncertainties are thedistinguishing features of this book. Significant developments inmodels of cost approach and income approach of valuation includingintricate leasehold valuation techniques are some of the importantareas of deliberation. Viability studies and investment appraisals areelucidated and the profits approach adequately illustrated.
Valuation and property usage
Separate chapters demonstrate different aspects of property usage andthe legal framework of their valuation. The managerial and financialaspects of valuation procedures pertaining to a diverse range ofproperty usage have been explained. Case studies demonstrate oft-neededsolutions to intricate land-use problems.
Valuation and the statutes
Covered are the valuation procedures embodied in different statutes.Valuation under the Land Acquisition Act, Wealth-tax Act, CapitalGains, Apartment Ownership Acts, Housing Co-operative Acts etc. havebeen adequately illustrated. A new chapter on arbitration has beenintroduced highlighting the valuer's role therein under the Arbitrationand Conciliation Act of 1996.
Rent laws and Rating laws of different States have received specialemphasis. Case studies have been presented for fixation of standardrent or fair rent and estimating market rentals.
Company assets and environmental resources
The book outlines the methodology of company asset valuationdovetailing the Accounting Standards and the Guidance Notes of theInstitute of Chartered Accountants of India (ICAI). The provisions ofthe guide books of the Royal Institution of Chartered Surveyors (RIGS),U.K., are compared. The methods of estimating the value ofenvironmental resources enrich the quality of this book.
The book will not only help the valuers but also go a long way tobenefit other professionals like architects, accountants, lawyers,real-estate dealers, developers, academics, etc. It will also offervaluable guidance to the public authorities who have a vital role toplay in the realm.
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Contents
Chapter 1.    Introduction to Property Market and Property Value
Chapter 2.    Rights and Interests In Real Property
Chapter 3.    Methods of Valuation
Chapter 4.    Investment Method of Valuation
Chapter 5.    Mathematical Principles of Valuation Tables
Chapter 6.    General Principles of Valuation under Investment Method
Chapter 7.    Virtual Rent and Premium
Chapter 8.    Cost Approach to Valuation
Chapter 9.    Valuation of Residential Property
Chapter 10.  Valuation of Commercial Property
Chapter 11.  Valuation of Industrial Property
Chapter 12.  Valuation of Development Property
Chapter 13.  Project Appraisal Techniques
Chapter 14.  Compulsory Acquisition
Chapter 15.  Valuation under Wealth Tax Act 1957
Chapter 16.  Capital Gains
Chapter 17.  Valuation for Mortgage, Fire Insurance, Going Concern & Goodwill
Chapter 18.  Valuation for Rating or Property Tax by Municipal Authorities
Chapter 19.  Outlines of Company Assets Valuation
Chapter 20.  Arbitration, Valuation and Property Disputes
Chapter 21.  Valuation of Environmental Assets
Chapter 22.  Terms and Definitions
Chapter 23.  A Few Typical Problems
Chapter 24.  Report Writing
Appendix
1.    Amount of Rupee One
2.    Present Value of Rupee One
3.    Amount of Rupee One per Annum
4.    Years’ Purchase (Single Rate)
5.    Years’ Purchase (Dual Rate)
Index
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Author Details
Syamales Datta figures with distinction in the fraternity of valuers of today. He has left his marks as Chief Valuer of the Howrah Improvement Trust, in teaching valuation to engineers, in editing several publications including those of the Indian Valuation Congress. He has carved out a niche for himself at every authoritative forum. This work - the fruit of his rich experiences - lustres in several new directions.
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