15 July 2009
Dear Friends N Respected Seniors., From the following data,furnished by Mr Rajesh,determine the value of the house property built upon a freehold land in 1985 in Delhi.
1)Munncipal Value for the previous year 2005-06 2,00,000. 2)Rental Value 4,00,000. 3)Municipal Tax Outstanding 25,000. 4)Cost of the House property 30,00,000. 5)Aggregate Area 1000sq.yds. 6)Minimum area to be left open 75%of Agg.Value 7)Built-up-area 15%of Agg.Area