Get O1form

FORM O-1 See rule 8D Report of valuation of immovable property other than agricultural lands plantations forests mines and quarries Part I-Questionnaire ALL QUESTIONS TO BE ANSWERED BY THE REGISTERED VALUER. IF ANY PARTICULAR QUESTION DOES NOT APPLY TO THE PROPERTY UNDER VALUATION HE MAY INDICATE SO. Are the shares undivided Brief description of the property Location Street Ward No. Survey/Plot No. of land Is the property situated residential/commercial/mixed area/industrial area Classification of locality high class/middle class/poor class Proximity to civic amenities like schools hospitals offices markets cinemas etc. Means and proximity to surface communication by which the locality is served in Land Area of land supported by documentary proof shape dimensions and physical features Roads streets or lanes on which the land is abutting Is it freehold or leasehold land If leasehold the name of lessor/lessee nature of lease dates of commencement and termination of lease and terms of renewal of lease i Initial premium ii Ground rent payable per annum iii Unearned increase payable to the lessor in the event of sale or transfer Is there any restrictive covenant in regard to use of land If so attach a copy of the covenant Are there any agreements of easements If so attach copies Does the land fall in an area included in any Town Planning Scheme or any Development Plan of Government or any statutory body If so give particulars Has any contribution been made towards development or is any demand for such contribution still outstanding Has the whole or part of the land been notified for WTR57 O- 1 Printed From Taxmann s Income Tax Rules on CD Page 1 of 4 acquisition by Government or any statutory body Give date of the notification Attach a dimensioned site plan Improvements Attach plans and elevations of all structures standing on the land and a lay-out plan Furnish technical details of the building on a separate sheet The Annexure to this Form may be used i Is the building owner-occupied/tenanted/both ii If partly owner-occupied specify portion and extent of area under owner-occupation What is the Floor Space Index permissible and percentage actually utilised Rents i Names of tenants/lessees/licensees etc. ii Portions in their occupation iii Monthly or annual rent/compensation/licence fee etc. paid by each iv Gross amount received for the whole property Are any of the occupants related to or close business associates of the owner Is separate amount being recovered for the use of fixtures like fans geysers refrigerators cooking ranges built in wardrobes etc. or for service charges If so give details Give details of water and electricity charges if any to be borne by the owner Has the tenant to bear the whole or part of the cost of repairs and maintenance Give particulars If a lift is installed who is to bear the cost of maintenance and operationowner or tenant If a pump is installed who has to bear the cost of Who has to bear the cost of electricity charges for lighting of common space like entrance hall stairs passages compound etc owner or tenant What is the amount of property tax Who is to bear it Give details with documentary proof amount for which it is insured and the annual premium Is any dispute between landlord and tenant regarding rent pending in a court of law Has any standard rent been fixed for the premises under any law relating to the control of rent Sales Give instances of sales of immovable property in the locality on a separate sheet indicating the name and address of the property registration No. sale price and area of land sold Land rate adopted in this valuation If sale instances are not available or not relied upon the basis of arriving at the land rate Cost of Construction 41. Year of commencement of construction and year of completion What was the method of construction -- by contract/by employing labour directly/both For items of work done on contract produce copies of agreements give basic rates of materials and labour supported by documentary proof Part II - Valuation Here the registered valuer should discuss in detail his approach to valuation of the property and indicate how the value has been arrived at supported by necessary calculations. Part III - Declaration I hereby declare that a the information furnished in Part I is true and correct to the best of my knowledge and belief b I have no direct or indirect interest in the property valued c I have personally inspected the property on Date. Purpose for which valuation is made Date as on which valuation is made Name of the owner/owners If the property is under joint ownership/co-ownership share of each such owner. Are the shares undivided Brief description of the property Location Street Ward No. Survey/Plot No. of land Is the property situated residential/commercial/mixed area/industrial area Classification of locality high class/middle class/poor class Proximity to civic amenities like schools hospitals offices markets cinemas etc. Means and proximity to surface communication by which the locality is served in Land Area of land supported by documentary proof shape dimensions and physical features Roads streets or lanes on which the land is abutting Is it freehold or leasehold land If leasehold the name of lessor/lessee nature of lease dates of commencement and termination of lease and terms of renewal of lease i Initial premium ii Ground rent payable per annum iii Unearned increase payable to the lessor in the event of sale or transfer Is there any restrictive covenant in regard to use of land If so attach a copy of the covenant Are there any agreements of easements If so attach copies Does the land fall in an area included in any Town Planning Scheme or any Development Plan of Government or any statutory body If so give particulars Has any contribution been made towards development or is any demand for such contribution still outstanding Has the whole or part of the land been notified for WTR57 O- 1 Printed From Taxmann s Income Tax Rules on CD Page 1 of 4 acquisition by Government or any statutory body Give date of the notification Attach a dimensioned site plan Improvements Attach plans and elevations of all structures standing on the land and a lay-out plan Furnish technical details of the building on a separate sheet The Annexure to this Form may be used i Is the building owner-occupied/tenanted/both ii If partly owner-occupied specify portion and extent of area under owner-occupation What is the Floor Space Index permissible and percentage actually utilised Rents i Names of tenants/lessees/licensees etc. ii Portions in their occupation iii Monthly or annual rent/compensation/licence fee etc. paid by each iv Gross amount received for the whole property Are any of the occupants related to or close business associates of the owner Is separate amount being recovered for the use of fixtures like fans geysers refrigerators cooking ranges built in wardrobes etc. or for service charges If so give details Give details of water and electricity charges if any to be borne by the owner Has the tenant to bear the whole or part of the cost of repairs and maintenance Give particulars If a lift is installed who is to bear the cost of maintenance and operationowner or tenant If a pump is installed who has to bear the cost of Who has to bear the cost of electricity charges for lighting of common space like entrance hall stairs passages compound etc owner or tenant What is the amount of property tax Who is to bear it Give details with documentary proof amount for which it is insured and the annual premium Is any dispute between landlord and tenant regarding rent pending in a court of law Has any standard rent been fixed for the premises under any law relating to the control of rent Sales Give instances of sales of immovable property in the locality on a separate sheet indicating the name and address of the property registration No. sale price and area of land sold Land rate adopted in this valuation If sale instances are not available or not relied upon the basis of arriving at the land rate Cost of Construction 41. Year of commencement of construction and year of completion What was the method of construction -- by contract/by employing labour directly/both For items of work done on contract produce copies of agreements give basic rates of materials and labour supported by documentary proof Part II - Valuation Here the registered valuer should discuss in detail his approach to valuation of the property and indicate how the value has been arrived at supported by necessary calculations. IF THE SPACE PROVIDED IS NOT SUFFICIENT DETAILS MAY BE ATTACHED ON SEPARATE SHEETS Name of registered valuer Registration No. General 1. Purpose for which valuation is made Date as on which valuation is made Name of the owner/owners If the property is under joint ownership/co-ownership share of each such owner. Are the shares undivided Brief description of the property Location Street Ward No. Survey/Plot No. of land Is the property situated residential/commercial/mixed area/industrial area Classification of locality high class/middle class/poor class Proximity to civic amenities like schools hospitals offices markets cinemas etc. Means and proximity to surface communication by which the locality is served in Land Area of land supported by documentary proof shape dimensions and physical features Roads streets or lanes on which the land is abutting Is it freehold or leasehold land If leasehold the name of lessor/lessee nature of lease dates of commencement and termination of lease and terms of renewal of lease i Initial premium ii Ground rent payable per annum iii Unearned increase payable to the lessor in the event of sale or transfer Is there any restrictive covenant in regard to use of land If so attach a copy of the covenant Are there any agreements of easements If so attach copies Does the land fall in an area included in any Town Planning Scheme or any Development Plan of Government or any statutory body If so give particulars Has any contribution been made towards development or is any demand for such contribution still outstanding Has the whole or part of the land been notified for WTR57 O- 1 Printed From Taxmann s Income Tax Rules on CD Page 1 of 4 acquisition by Government or any statutory body Give date of the notification Attach a dimensioned site plan Improvements Attach plans and elevations of all structures standing on the land and a lay-out plan Furnish technical details of the building on a separate sheet The Annexure to this Form may be used i Is the building owner-occupied/tenanted/both ii If partly owner-occupied specify portion and extent of area under owner-occupation What is the Floor Space Index permissible and percentage actually utilised Rents i Names of tenants/lessees/licensees etc. ii Portions in their occupation iii Monthly or annual rent/compensation/licence fee etc. paid by each iv Gross amount received for the whole property Are any of the occupants related to or close business associates of the owner Is separate amount being recovered for the use of fixtures like fans geysers refrigerators cooking ranges built in wardrobes etc. or for service charges If so give details Give details of water and electricity charges if any to be borne by the owner Has the tenant to bear the whole or part of the cost of repairs and maintenance Give particulars If a lift is installed who is to bear the cost of maintenance and operationowner or tenant If a pump is installed who has to bear the cost of Who has to bear the cost of electricity charges for lighting of common space like entrance hall stairs passages compound etc owner or tenant What is the amount of property tax Who is to bear it Give details with documentary proof amount for which it is insured and the annual premium Is any dispute between landlord and tenant regarding rent pending in a court of law Has any standard rent been fixed for the premises under any law relating to the control of rent Sales Give instances of sales of immovable property in the locality on a separate sheet indicating the name and address of the property registration No. sale price and area of land sold Land rate adopted in this valuation If sale instances are not available or not relied upon the basis of arriving at the land rate Cost of Construction 41.