Potential Value is defines as -
(a) 20 times the annual Rent
(b) market value of another similar property, sold in the same locality in recent times
(c) It is an inherent value which may go on increasing due to passage of time or some other factor which will fetch more return
(d) Value as accumulated in sinking fund.
The correct Answer Is
(c) It is an inherent value which may go on increasing due to passage of time or some other factor which will fetch more return
(a) 20 times the annual Rent
(b) market value of another similar property, sold in the same locality in recent times
(c) It is an inherent value which may go on increasing due to passage of time or some other factor which will fetch more return
(d) Value as accumulated in sinking fund.
The correct Answer Is
(c) It is an inherent value which may go on increasing due to passage of time or some other factor which will fetch more return
