ENGINEERS & VALUERS COLLABORATED

Add : 5/1A, JOGESH MITRA ROAD, KOLKATA – 700 025

Phone : (033)2486-8917, E-mail : rmitter@hotmail.com
RAJAT MITRA - MANAGEMENT CONSULTANTS
B.Sc. (Hons.) Glasgow, A.R.C.ST. (Hons.) - CONSULTING ENGINEERS
Strathclyde : MIE : C. Eng. - REGISTERED VALUERS
Ex. Senior Technical Consultant at S.R. Batliboi & Co. - CHARTERED ENGINEERS
and Lovelock & Lewes - VALUERS APPROVED BY HON’BLE HIGH COURT

Valuation of the Land &

Building/Shed
At
1,Kali Prasanna Sinha Road,P.S-Chitpore,Kolkata-700002,
Under Kolkata Municipal Corporation.

As on 30.12.2017

Owner- M/S Atlas & Union Jute Press Co. Ltd.

1.0 INTRODUCTION
As per advice by the owner, to carry out physical
verification and valuation of Land & Building/Shed, our
valuer was deputed to visit the above location. Based on
the survey conducted by us, measurement taken and on
the information / statement, we submit herewith are
detailed report.

A. Purpose for which the valuation Fair Market Value

is made

B. Date as on which the valuation 30.12.2017

is made

C. Date of Inspection, Survey & 22.12.2017

Valuation
D. Name of the owners for whom M/S Atlas & Union Jute
the valuation is made Press Co. Ltd.

2.0 BASIS OF VALUATION

2.01 The land is located at 1,Kali Prasanna Sinha
Road,P.S-Chitpore,
Kolkata-700002,Under Kolkata Municipal Corporation.

It is situated near Chitpore police station. All civic

amenities are nearby. The land is irregular in shap and
measures 3 bighas 13 kottah 11 chittacks 13 sft i.e
1.21828 Acres.

The Property is butted & bounded by

On the North Kali Prasanna Sinha Road.
On the South Property of Gokul Chandra
Seal.
On the East Road.
On the West Property of Gokul Chandra
Seal.

The land is encumbered by Building/sheds, which area is

45149 sft & all building/sheds are occupied by old
tenanted,(Rent –Rs.14569/month)

Details are given below:

Sl.N Name of Tenent Area in sft Rent/month(In

o Rs)

1 Girdhari Estates P. 36937 12650.00

Ltd.

2 Mahabir Trading Co. 3300 500.00

3 Binode Kr. Bagrecha 500 1000.00

4 Laba Rasayan 1600 350

 5 Gautam Engineering 1650 500.00
Ltd.

6 Ramesh Prasad -- 244.00

Singh

7 Nav Bharat Plastic 1162 175.00

Udyog

Total 45149 15419

The property is under rent and enjoys very low rent due
to old tenants. . In consideration of above we have
valued by rent capitalization method.

3.0 Methodology of valuation

Various relevant factors are taken into consideration for

arriving at the revalued cost of an asset includes the
following:
LAND
 Location
 Nature of holding i.e. freehold/leasehold
 Area and shape
 Present market price of similar plot Present and
future land use
 Restriction in use i.e. Industrial, Commercial or
Residential
 Limitation in marketability
BUILDING & STRUCTURES

 Location
 General condition and state of repairs
  Type of construction and nature of structure
 Present use
 Covered area / height and number of floors
 Present cost of construction

Rent capitalized Method

Total Monthly rent : Rs. 15419.00

Annual Rent: (Rs.15419 x 12months) Rs.1,85,028.00

Less outgoing (10 %) (-) Rs. 18502.80
Net maintable Rent Rs. 166525.20

Net income be Rs. 166525.20/Annum for perpetuity (for old tenant)

and the
Appropriate rate of return be 6% per annum.
So,Y.P @ 6% in perpituaty is 16.048.
Capital valueof the property= Rs.166525.20 x 16.048
=Rs.26,72,396.41 i.e Rs.26.72 lakhs.
Therefore fair market value of the property is Rs 26.72
lakhs.
( Rupees twenty six lakhs seventy two thousand only)

7.0 This report is based on the data, provided our

inspection, to the best of
our knowledge & issued without any prejudice.
Owner- M/S Atlas & Union Jute
Press Co. Ltd.

Valuation of the Land &

Building/Shed
 At
1,Kali Prasanna Sinha Road,P.S-Chitpore,Kolkata-700002,
Under Kolkata Municipal Corporation.

As on 30.12.2017

ENGINEERS & VALUERS COLLABORATED

CONSULTING ENGINEERS * VALUERS * CHARTERED ENGINEERS
Ph- 2486-8917