Work out the standard rent per month assuming the following outgoings.

Total cost of construction of a newly constructed building with three floors is Rs. 12,00,000,00. The building is constructed on a plot measuring 600 sq m purchased for Rs. 1,80,000.00 in 1979. The prevailing rate of plots in the locality is Rs. 450.00 per sq.m. Work out the standard rent per month assuming the following outgoings.

(i) Municipal taxes @ 35% of rate-able value,

(ii) Collection and management charges @ 3% of the gross rent,

(iii) Repairs at 1% in 9/10th cost of construction.

(iv) Sinking fund @ 5% for 65 years on 90% cost of construction

(v) Miscellaneous expenses @ Rs. 600.00 per month.

Solution:- Standard rent = Net rent +Outgoings

(A) Net rent :-

(i) Construction cost @ 6% =12,00,000.00 x 6 / 100 = 72,000.00 Rs.

(ii) Land value = 600 x 450 = Rs. 2,70,000.00 Total = 3,42,000.00 Rs.

(b) Outgoings :-

(i) Repairs @ 1% in 9/10th cost of construction = (12,00,000 x 9 / 100) x (1/100)

= 10,800.00 Rs.

(i) Sinking fund @ 5% for 65 years on 90% cost of construction = 0.0022 x 12, 00,000 x (9/10) = Rs. 2,376.00

(i) Miscellaneous expenses per year = 600 x 12 = 7,200.00 Rs.

Total = 3,42,000.00 + 20376.00 = 3,62,376.00 Rs.

Municipal taxes @ 32% of the gross rent + 3% for collection and management charges, i.e., 35% on gross rent.

Suppose gross rent = 100.00 Rs.

Old outgoings for municipal tax etc. = 35.00 Rs.

Net rent = 65.00 Rs.

Now if net rent is 65 than gross rent = 100

Now if net rent is 65 than 3,62,376.00 = 100 x 3,62,376.00 / 65 = 5,57,501.50 Rs.

Gross rent = 5,57,501.50 Rs.

Standard rent per floor per month = 5,57,501.50 / (12 x 3) = 15,486.10 Rs.

Say = 15,486.00 Rs.

value is calculated by assuming a suitable rate of interest prevailing in the market. For example, consider a rate of interest as 5%, the Year's Purchase = 100/5 = 20 years. The net income multiplied by the year's purchase gives the capitalized value or the valuation of the property.

Comments

MACHINE FOUNDATION.

MACHINE FOUNDATION. The design of machine foundation involves careful study of the vibration characteristics of the foundation system. Relevant data for the design and construction of the foundation of machine should be obtained from the manufacturer of the machine , prior to the start design. All parts of machine foundation should be designed for maxim stresses due to the worst combination of vertical loads, torque, longitudinal and transverse forces, stresses due to temperature variation and the foundation dead load. In case, the foundation layout is partly built up of beam and column construction , straight bars should be provided both at top and bottom of the beams and the spacing of the stirrups should be close. The main foundation block should have the designed thickness and should be reinforced both at top and bottom even if the reinforcements are not required from design considerations. Machine foundations are special types of foundations required fo...

Concrete Mix Design

Concrete Mix Design Concrete mix design is the method of optimally dosing various components of concrete,such as cement, aggregates, water,and additives, to make concrete less costly and will have specific workability and homogeneity properties in the fresh state and strength and durability in the hardened state. Purpose of concrete mixes The main objective of the dosage of concrete mixes is to make a concrete that has the following characteristics: 1. Satisfy viability requirements in terms of drop to facilitate placement and consolidation. 2. Meets resistance requirements. 3. Can be mixed, transported, placed and compacted efficiently. 4. Economical to manufacture. 5. Meets durability requirements to withstand the environment in which the structure is expected to serve Mixing ratio procedure Step 1. Calculate the target average compressive strength for the mixing ratio: The target 28-day average compressive strength according to clause 3.2 of IS 10262. ft = fck + 1.65...

EARTH WORK IN EXCAVATION OF FOUNDATION.

EARTH WORK IN EXCAVATION OF FOUNDATION. Earthwork in excavation in foundation trenches or drains not exceeding 1.5m in width and 10sq. m in plan including dressing of sides & ramming of bottom, disposal of surplus excavated soil within 50m lead & 1.5m lift. All excavation operation shall include excavation and getting out the excavated matter. Stability of existing structures. Before starting excavation trial pits should be dug to ascertain the depth and nature of its foundation. Shoring should be used in all cases when the depth of excavation exceeds its distance from the existing structure. Excavation. Foundation trenches shall be dug out to the exact width of the foundation concrete and the sides of the trenches shall be left plumb where the nature of soil admits of it. Where the soil is not good and does not permit vertical sides, the sides Fut be sloped back or shored up carefully. No exca...

DSCAPESARCH

Search This Blog