MOROGORO MUNICIPAL COUNCIL

VALUATION REPORT OF A PROPERTY ON PLOT No. 23O, BLOCK ‘’Y’’

MKUNDI AREA MOROGORO MUNICIPALITY

PURPOSES: - (TRANSFER OF THE RIGHT OF OCCUPANCY)

PREPARED FOR:

TRANSFEROR
TRANSFEREE M/S: PRISCA VENANCE KASALAMA,
M/S: JANEROSE DAVID P. O BOX 1690,
MAKUNGU, MOROGORO
P. O BOX 1690,
MOROGORO

PREPARED BY:
VALUATION SECTION MOROGORO
MUNICIPAL COUNCIL
P.O. BOX 166,
MOROGORO
Telephone/Fax 023-4727/4521

Date: 21 April, 2021.

 Valuation for Transfer of a property on Plot No. 168 Block ’A’ Mkundi Area Morogoro Municipality
VALUATION REPORT OF A PROPERTY ON PLOT No. 230, BLOCK ‘’Y’’
MKUNDI IN MOROGORO MUNICIPALITY FOR TRANSFER
PURPOSES.

1.0 INSTRUCTION AND PURPOSE OF VALUATION

We have been instructed by the AUTHORIZED LAND OFFICER of
Morogoro on behalf of CHARLES ONYESHA SIKITIKO P.O. BOX 166,
Morogoro to inspect and value the above mentioned property for transfer
purpose. Accordingly we have carried out the assigned exercise and
contained in this report is our detailed valuation report of the same as
requested.

2.0 EXECUTIVE SUMMARY

Location of the Property : MKUNDI
Legal Owner : JANEROSE DAVID MAKUNGU
P.O. BOX 1690 MOROGORO
Tenure : 33 Years Receipt of Payment
From 1st April,2016, to 30 June 2016
File Reference : MMC/LD/423223
Plot Area : 710m2
Total Floor Area (GEA Basis : -
Type of Property : A Bare/Vacant land

3.0 DEFINITIONS OF KEY TERMS USED IN THIS REPORT

3.1 Market Value
The market value of a property is the highest price in term of money which
the property under appraisal should fetch in a competitive and open market
under conditions request for fair sale. Implicit in this definition is the
consummation of a sale at a specific date and the passing of ownership from
seller to buyer under conditions whereby; both the buyer and seller are
economically motivated and are both acting prudently, The sale price is not
affected by any undue influence. Both parties are well informed and well
advised and are acting in what they consider to be their own best interest. A
reasonable time is allowed for exposure in the open market.
The market value of any land and unexhausted improvement shall be arrived
at by use of comparative method evidenced by actual recent, sales of similar
properties or by use of income approach or replacement cost where the
property is of special nature and not saleable.(G.N.No.78 made under s.179 of
Land Act No.4 of 1999)

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 Valuation for Transfer of a property on Plot No. 168 Block ’A’ Mkundi Area Morogoro Municipality
A value is never static; it is all the time “floating” in response to changes in
prevailing conditions at a particular time
3.2 Development:
Means the carrying out of any building operation, engineering operation or
mining operation in, under or over land or the making of any change of a
substantial nature in the use of land.s. (2).1 of the Land Act No.4 of 1999.

3.3 Transfer:
The passes of a right of occupancy, a lease or a mortgage from one party to
another by act of parties and not by operation of the law and includes the
instrument by which such passing is effected

3.3 Transferee:
The person/part that passes the right of occupancy, lease or mortgage by an
act of transfer

3.4 Transferor:
The person/part that the right of occupancy, lease or mortgage by an act of
transfer is passed to

3.5 Unexhausted improvement:

Anything or any quality permanently attached to the land directly resulting
from the expenditure of capital or labour by an occupier or any person acting
on his behalf and increasing the productive capacity, the utility, the
sustainability of its environmental quality and includes trees, standing crops
and growing produce whether of an agricultural or horticultural nature

4.0 BASIS OF VALUATION:

The basis of valuation adopted is the open market value. Besides the current
market value;

5.0 METHOD OF VALUATION USED

We have in this valuation used the replacement cost approach in valuation of
building and sales comparison approach in assessment of land value. In
accordance with International Valuation Standards, the Replacement Cost
Approach is used to determine the Replacement cost of the property. By this
method the value of a property is determined by reference to its replacement
cost or the cost of reinstating it as new or that of its substitute at the date of
valuation.
Where By sales comparison method, the Valuer equates the value of the
property under appraisal to the value of a known comparable property
whereby the latter’s value is taken to be the best price that can be obtained by
the property being valued, with due allowances made for value affecting

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 Valuation for Transfer of a property on Plot No. 168 Block ’A’ Mkundi Area Morogoro Municipality
differences between the subject property and the comparable property such
as;
• Condition
• Location
• Level and amount of services provided
• Accessibility
• Plot size
• Planning and zoning regulations
• Date of transaction
• Parties to the transaction
• Motive of sale
• Tenure and unexpired term

6.0 STANDARD LIMITING CONDITIONS

6.1 Construction Details
It is a bare land no any development has been made.

6.2 Confidentiality
Our responsibility concerning this valuation report is limited to the instructed
Client and not to any other third party and our report is confidential to the
client for the specific purpose to which it refers. The values assessed and
expressed in this valuation report are applicable only within the stated terms
of reference and they should not be used for any other purpose whatsoever.

6.3 Third- Party Information

Where information has been given by a third party or by our client, and we
believe such information to be reliable and we cannot accept any
responsibility should it prove otherwise. Again if the information is obtained
from a search records, or by examination of documents, we shall not accept
any responsibility should such information prove to be inaccurate

7.0 DETAILED PROPERTY DESCRIPTION

7.1 Inspections
The physical inspection of the property was carried out on February, 2021 by
JOSEPH H. MGHASE (BSc L.M.V, UDSM,VRB/PRV/098/2019) Municipal
Valuer, Morogoro Municipal Council, and the same has been adopted as
valuation date.

7.2 Location and locality

The subject plot is located on Plot No. 230 Block ‘Y’ Mkundi area in Morogoro
Municipality. The area is characterised with residential plots of medium and

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 Valuation for Transfer of a property on Plot No. 168 Block ’A’ Mkundi Area Morogoro Municipality
low densities most with new developments. Access to the property is via
unnamed rough road that branches off right from Morogoro – Dodoma high
leading to the subject property. The same lies between 6042’22.06’’ S
37039’.44’’E

7.3 Type & Size of the plot

This is a residential plot, regular in shape and measures 710m2

7.4 Town Planning Regulations governing the subject plot

The subject plot is zoned for Residential purposes use group “A” use classes
(a) and (c) as defined in the Town and Country Planning Regulations of 1960
and as 1993

7.5 General description of the property

This is a super low density bare land.

Opinion of Value
Having considered in aggregate various factors which affect landed property
values; We are of the opinion that the current market value of Plot No. 230
Block ‘Y’ Mkundi Area in Morogoro Municipality is in the order of: Tshs.
9585000/= (Tanzania Shillings Nine million five hundred eighty five

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Email: info@morogoromc.go.tz Page 5
 Valuation for Transfer of a property on Plot No. 168 Block ’A’ Mkundi Area Morogoro Municipality
thousand shilling only) and the same should be adopted for transfer
purposes.

Certification
This valuation report has been prepared by Valuation Section, Morogoro
Municipal Council for the aforesaid purpose and shall be valid if only signed
and approved hereby;

..…………………….
Joseph H. Mghase
VRB/PRV/098/2019
BSc. LMV (UDSM), MAREPTA
Morogoro Municipal Council

Approved by Chief Government Valuer

APPENDICES
APPENDIX I
VALUATION WORK SHEET PLOT No. 230, BLOCK ‘’Y’’

Morogoro Municipal Council, P.O Box 166, Morogoro, Telephone/Fax: 123/023 26 1427,
Email: info@morogoromc.go.tz Page 6
 Valuation for Transfer of a property on Plot No. 168 Block ’A’ Mkundi Area Morogoro Municipality
MKUNDI

Add land value:

Given plot size 710
Multiply by land value 13500
rate per sqm
Land value 9585000
SAY 9585000

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