Wednesday, March 19, 2008
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Deccan Herald » City » Detailed Story
Model CVS calculation
A model calculation for a self-occupied 45 ft by 53 ft site dimension with a sital area of 2,385 sq feet in Acharya Layout on R V Road in Basavanagudi. The owner was paying Rs. 2,525 under SAS. He will have to pay Rs 7,695 under CVS, which is more than than three times.

1.  Site area   2,385sqft.
2. Total built-up area - ground plus first floor  1,200sqft.
3. Number of floors including basement floor  2.
4. Area of land occupied by the building in sq ft.  1,000 sq ft.
5. Land guidance value per sq ft. (additional
 10% over guidance value if it is a corner
 site/site having roads on either side). Rs.4,000/sq ft.
6.  Year of construction and age of building  1968.
7.  Category of building - (mosaic and teak wood)  Rs 580 and
  Rs520/sq ft.
8.  Cost of construction per sq ft.   Rs 600.
9.  Area occupied by owner in sq ft.
 (ground floor/ other floor)   1,200 sq ft.
10. Area occupied by tenant in sq ft.
  (ground floor/ other floor)  -------.
11. Proportionate extent of land occupied by
 building under self occupation in sq ft.
 (A9 divided by A2) multiplied by A4.  1,200 sq ft.
12. Proportionate extent of land occupied by building under ten   ant occupation in sq ft. (A10 divided by A2) multiplied by A4.


1.  Pro-rata land value for owner occupied portion (take 50%      value of column A5 and multiply by the extent mentioned in    column (A5 X A11).  Rs. 20,0000
2.  Pro-rate land value for tenanted portion (take 50% value of    column A5 and multiply by the extent mentioned in column    (A5 X A12).

1.  Cost of construction for owner occupied
 portion (A9 X A8). Rs. 7,20,000
2.  Rate of depreciation as per column A6  33 %.
3.  Depreciation amount (C1 X X2). Rs 2,37,600
4.  Net value of building under owner
 occupation (C1 - C3)  Rs 4,82,400


1. Cost of construction for tenanted portion (A10 XA8).
2. Rate of depreciation as per column A6.
3. Depreciation amount (D1 X D2).
4. Net value of tenanted portion (D1 - D3).


1.  Property tax for owner occupied portion
 (B1+ C4 X 0.5% divided by 1/2). Rs. 6,206
2.  Property tax for residential tenanted portion
 (B2 + D4 X 0.5%).
3.  Total property tax (E1 + E2).   Rs 6,206.
4.  Calculate cess at 24% of column E3
 (includes beggary, library and health cess). Rs. 1489
5.  Total property tax payable (E3 + E4).  Rs 7,695.
6.  Deduct 5% rebate on column E5 if paid before April 2008.
7.  Net property tax payable (E5 minus E6).

comment on this article
Comments
by a on 3/19/2008 3:21:46 PM
what the hell is this?
 
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