Valuation based on Cost Approach is defines as -
(a) market value of another similar property, sold in the same locality in recent times
(b) Cost of land + cost of building as assessed separately.
(c) value of the Property which is recorded in the Registrar's Office.
(d) Property that brings annual rent to the owner & is likely to earn this rent for a number of years.
The correct Answer Is
(b) Cost of land + cost of building as assessed separately
(a) market value of another similar property, sold in the same locality in recent times
(b) Cost of land + cost of building as assessed separately.
(c) value of the Property which is recorded in the Registrar's Office.
(d) Property that brings annual rent to the owner & is likely to earn this rent for a number of years.
The correct Answer Is
(b) Cost of land + cost of building as assessed separately
