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Valuation Report

Valuation Report

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Published by Pujan Neupane

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Published by: Pujan Neupane on Sep 04, 2012
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03/01/2013

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POKHARA UNIVERSITY
NEPAL ENGINEERING COLLEGE
CHANGUNARAYAN, BHAKTAPURVALUATION REPORTOFRESIDENTIAL BUILDING
SUBMITTED TO:Er. Ram SthapaitSUBMITTED BY:
Pujan Neupane(08-153)Sandeep Kr. Malla(08-168)Sanjeep Pratap J.B.R.(08-171)Sanjeev lal Kayastha(08-173)
 
VALUATION CERTIFICATE
On the request of 
Mr. Barak Obama
of, the property belonging to
Mr. Barak Obama
,of the aforementioned, was inspected, measured and relevant notes were made duringthe inspection visit on
25 April, 2012
and on
26 April, 2012
, in order to assess itsdistressed value for the purpose of banking transaction and prepare a reportincorporating all the observations and details affecting the valuation exercise. Thisreport is based on the facts, figures and documents supplied by the owner and on our detailed assessment of the property vis-à-vis the surrounding locality and the prevailingdevelopment trends. The property that has been valuated is located in
jhaukhel
in
ward4
, currently
ward 4
, of 
Jhaukhel
VDC in
Bhaktapur
district of 
Baghmati
Anchal. Theplot numbers of the property is
153
. The property comprises of a plot of land measuring
0 ropani-8annas-0paisa- 0daam
as per the land ownership paper, whereas, inactuality, the land area has been measured to be
0 ropani-8annas-0paisa- 0daam
,on which is a two and half storied building, which is currently being used for 
residential
 purposes. A valuation report of this property has been prepared on the basis of an examination of the relevant land ownership papers, available cadastral map, construction drawings,and physical verification of the site, detailed discussions with relevant persons and onprevailing norms as well as procedures that I have evolved through my variousexperiences.It is my considered opinion that the distressed valuation of the aforementioned propertyis Rs.3,336,979.48 (In Word: Rupees Thirty Three Lakhs Thirty Six Thousands NineHundreds Seventy Nine And Forty Eight Paisa only). The fair market value of property isRs.4, 171,224.35 (In Word: Rupees
 
Forty One Lakhs Seventy One Thousands TwoHundreds Twenty-Four and Thirty Five Paisa only).. I also, hereby, declare that I haveno direct or indirect interest in the property that has been valuated 26 April 2012.
 
 
INTRODUCTION
a. Property inspection
: On the request of 
Mr.Barak Obama,
the propertybelonging to Mr.
Barak Obama,
inspected for valuation on
25 April, 2012
and on
26 April, 2012
by an experienced architect and valuator and two assistants. Theinspection visit revealed the following details:
i. Owner of property:
Name of owner: Mr. Barak Obama
ii. Location of property
:
Ward no 4, jhaukhel, jhaukhel VDC,Bhaktapur district, Baghmatizone
iii. Plot number of property
:
153
iv. Land area
:
As per land ownership paper: 0-8-0-0
As per actual measurement: 0-8-0-0
v. Building description
:
two & half storied residential building with frame structure & moderndesign.
The building is facing south.
Two room in ground floor , three room & one bathroom on other floor 
vi. Ground coverage of building
: 724 sq. ft.
vii. Total built up area
: 2738 sq. ft.
viii. Details of surrounding lands:
South:
8’
-
7” wide road
 
East: Sandeep kr. Malla (plot no 168)
West: Sanjeep Pratap JBR (plot no 171)
North: Sanjeev lal Kayastha (plot no 173)
ix. Approach road details:
 
8’
-
7” wide
changu Marga bituminous road on the southernside
x. Proximity to the main road:
4000m away from Arniko highwayThe owner of the property, as has already been mentioned, is Mr. Barak Obama, who is45 years of age and is the son of Mr. Harrak Obama, who is in turn, the son of Mr.Marrak Obama.

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