Fair value to calculate the value of l& b- read more at: ht

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Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2013 fair value to calculate the value of L& B--

What will be the base in calculation of the Market Value of the Land & Building at the time of retirement of Partner / Deceased Partner?
1. Carpet area
2. Built up area
3. Super Built up area
4. What about FIS unused
5. Total plot area.

Sanket

Sanket (Expert)
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17 October 2013 One way of determining fair market value is to
hire an appraiser to evaluate the business
property. An appraiser is a certified professional
with training and thorough experience concerning
the various factors that determine the value of a
piece of property. It's important to find an
appraiser that specializes in business valuations,
if you're thinking about buying or selling
commercial property, to get a realistic market
value. In the case of real estate, the lender
requires a professional appraisal before
approving your loan to purchase the building.

Sanket

Sanket (Expert)
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17 October 2013 Comparative Analysis
You can also estimate fair market value of an
item by comparing the property in question to
other similar models on the market and
additional market considerations. In the real
estate industry this is called a comparative
market analysis (CMA)--it is commonly
performed by a licensed agent. The recent selling
prices of other similar items, whether the
property is a building or equipment, is a
reasonable estimate of what it would sell for if
placed on the market today.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2013 kindly give more clarification on the query