Property Valuation
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Legal heirs of Late Mr. Ramzanalli Sheriff Lakhani A-4 If any property is under joint ownership / Co ownership share of each such owner Are the shares undivided Single Ownership A-5 Brief description of the Property The property under consideration Originally consists of a film studio Known as ‘Eastern studio’ with eight(8) Chawls / structures therein.. of land A-8 Is the property situated in residential / Commercial / Mixed area / industrial Area As per revised sanctioned development plan of ‘H(E) ward’ the property is Situated in a residential zone A-9 Classification of locality High class /middle class/ poor class Lower higher middle class residential and commercial locality A-10 Proximity to civic amenities like schools, All civic amenities like market, school, Offices, hospitals, cinemas etc.. 935.00 /Annum 3910.00 / Annum 3260.00 / Annum 200.00 / Annum 890.00 / Annum 1400.00 / Annum 1190.00 / Annum 1190.00 / Annum 1190.00 / Annum 1665.00 / Annum 1425.00 / Annum 1730.00 / Annum Total Ratable value of rented structures Rs.18, 985.00 / Annum.. From the assessment tables of corporation, the Annual net Rent receivable from the property works out to, 100 x 18,985.00 / 90 Rs.21, 094.00 / Annum Capitalizing the net return in perpetuity 10 return, Valuation of tenanted premises works out to, 21, 094 x 100 / 10 Rs.21, 094.00 / Annum D..
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