Valuation Of Building
Valuation Of Building Valuation of a building is done by working out its cost of construction of present day rate allowing a suitable depreciation. Before valuation the age of the building should be obtained from record or by visual examination. Present day cost may be determined by the following method:- Cost from Record Cost by detailed measurement Cost by plinth area basis Determination of depreciation 1. Cost from record:- From the record of estimate or from the bill of Quantities. if actual cost of construction is known this may increase or decrease according to percent rise fall in the rates which may be obtained by the P.W.D shedule of rates. 2. Cost by detailed :- If record is not available, the cost of construction may be calculated by preparing bill of quantities of various item of works by detailed measurement at site and taking the rate of each item as prevent in the locate locality or as current P....