Valuation based on Income 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
(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
(d) Property that brings annual rent to the owner & is likely to earn this rent for a number of years
(a) market value of another similar property, sold in the same locality in recent times
(b) cost of land + cost of building
(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
(d) Property that brings annual rent to the owner & is likely to earn this rent for a number of years