2. Valuation, Insurance and Rights

In Property valuation a Value of a property also includes the maintenance cost.

• True

• False

Present Value of a Property can never be low than the actual cost.

• True

• False

Valuation of a Property does not help in determining

• Luxury

• Amount of Rent

• Taxation

• Insurance amount

Factor that cannot affect the value of a property.

• Construction cost.

• Religious Community living nearby

• Population increase

• Government schemes

The Rate of Interest or the amount of Security Deposit in a property can affect the value of that property

• True

• False

Assessed Value of property is determined by the owner of that property.

• True

• False

________________ is when a property is sold at lower price than the market value

• Potential Value

• Rateable Value

• Monopoly Value

• Distress Value

Reversionary Value is when a property is purchased with an idea to sell it off at a profit after a short duration.

• True

• False

Change in trends, styles, art or fashion in construction can cause depreciation in valuation of a property.

• True

• False

Belting is not a method of Land Valuation

• True

• False