Market Value is defined as -
(a) the estimated amount for which an asset should exchange on the date of valuation between a willing buyer & a willing seller in an arm's length transaction
(b) 20 times the annual Rent
(c) market value of another similar property, sold in the same locality in recent times
(d) All of above.
The correct Answer Is
(a) the estimated amount for which an asset should exchange on the date of valuation between a willing buyer & a willing seller in an arm's length transaction
(a) the estimated amount for which an asset should exchange on the date of valuation between a willing buyer & a willing seller in an arm's length transaction
(b) 20 times the annual Rent
(c) market value of another similar property, sold in the same locality in recent times
(d) All of above.
The correct Answer Is
(a) the estimated amount for which an asset should exchange on the date of valuation between a willing buyer & a willing seller in an arm's length transaction
