Valuation - man hour/cost work sheet Per property

Type of job House/plot property Medium sized property for industrial property/ agr
properties
man hours cost per Minute Amount man hours cost man hours

in mins in mins per hour in mins

1 Collecting papers from 30 3 90 30 mins 30 mins
bank/client

2 Travelling to and fro from 60 3 180 60 mins 90 mins

valuation site

3 Measurement of property 30 3 90 40 to 60 120 to 180

3 0 mins
4 Enquiry with owner regarding 10 3 30 20 mins 40 mins
other details of property

5 confirming boundary with 10 3 30 10 mins 20 mins

adjacent owners

6 Enquiry with neighbors realtors 30 3 90 30-60 mins 60 mins

regarding prevailing market
value of land

7 Typing of valuation report in 45 3 135 60 mins 120 mins

office

8 Applying and checking EC 10 3 30 10 mins 10 mins

through tn reginet website

9 checking plan approval in 10 3 30 10 mins 10 mins

corporation website

10 checking layout approval and 10 3 30 10 mins 10 mins

master plan classification

11 downloading and analyzing fmb 20 3 60 20 mins 30 mins

12 downloading and checking 15 3 45 20 mins 30 mins

TSLR patta

13 analyzing and finalizing value 15 3 45 20 mins 60 mins

of the land in office

14 preparation of the photos and 10 3 30 20 mins 20 mins

location map

15 taking printout and signing 10 3 30 15 mins 15 mins

report

16 scanning reports and plans for 15 3 45 10 mins 10 mins

office copy

17 delivering in person or posting 20 3 60 20 mins 20 mins

report to bank
18 making follow up call with client 10 3 30 20 mins 30 mins
or bank for three times at least
to collect the fees

19 analysing FMB topo 10 3 30 60 mins

20 matching boundaries/ fixing 10 3 30 60 mins
position in office

21 3 1140
add your item 3
Fixed costs per file 800
23 allowance for dropped work 308
after inspection 10%

24 allowance for uncollected fees 154

for completed work 5% 2402

25 Income tax, GST and other 450
taxes
auditor fees etc 15
26 fixed expenses like vehicle , 450
system, camera, GPS, rent

27 Reasonable profit for standard 500

living

28 Professional liability insurance 250

future legal expenses 5

29 add your 4072

5 hours 10 7 hours 14 hours

minutes 35 minutes 5 minutes
operty

for industrial property/ agricultural

properties
cost

per hour