.

REGD. NO.: 273882/078/079 PAN/ VAT NO: 610115189

VALUATION REPORT
ON
FIXED ASSETS

FOR

APPLICANT

NAME: Mr. Pasang sherpa and Mrs. Pema Sherpa

OWNERS OF THE PROPERTY

Mr. Pasang sherpa, Mrs. Pema Sherpa, Mr. Trichen Wandue Sherpa, Mr.
Ngawang Samden Sherpa, Ms. Tenzing Doma Sherpa, Mr. Kusang Sherpa,
Mrs.Dali Sherpa and Mr. Ang Dawa Sherpa

PREPARED BY:

FIT ENGINEERING CONSULTANCY AND

CONSTRUCTION PVT. LTD.
NAGARJUN MUNICIPLITY -01, RANIBAN, KATHMANDU, NEPAL
Phone- +977 9849904935, 9840215102
Email:- fitengineeringconsultancy@gmail.com
21 March, 2024

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This Property valuation report is prepared for Mr. Pasang Sherpa permanent resident of
Solududhakunda Municipality, Ward no. 01, Solukhumbu, Koshi Province, Nepal.

Name Permanent Address Address of property Plot no.

Mr. Pasang Sherpa Solududhakunda Kathmandu 81
and Mr. Kusang Municipality, Ward Sundarijal V.D.C
Sherpa no. 01, Solukhumbu, Ward No.05,
Koshi Province, Nepal Bagmati Province ,
Nepal
Mr. Pasang Sherpa Solududhakunda Kathmandu 21
and Mr. Rolje Sherpa Municipality, Ward Sundarijal V.D.C
no. 01, Solukhumbu, Ward No.05,
Koshi Province, Nepal Bagmati Province ,
Nepal
Mrs. Pema Sherpa Solududhakunda Kathmandu 23,91,177
and Municipality, Ward Sundarijal V.D.C
no. 01, Solukhumbu, Ward No.05,
Koshi Province, Nepal Bagmati Province ,
Lelep-2, Taplejung, Nepal
Mrs. Lakpa Futi Koshi Province, Nepal
Sherpa
Mr. Pasang Sherpa Solududhakunda Solukhumbu 287, 288, 427, 438
Municipality, Ward Taksindu V.D.C Ward
no. 01, Solukhumbu, No. 07, Koshi
Koshi Province, Nepal Province, Nepal
Mr. Pasang Sherpa Solududhakunda Solukhumbu 352
Municipality, Ward Taksindu V.D.C Ward
no. 01, Solukhumbu, No. 06, Koshi
Koshi Province, Nepal Province, Nepal

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Mrs. Pema Sherpa Solududhakunda Kathmandu 64
Municipality, Ward Sundarijal V.D.C
no. 01, Solukhumbu, Ward No.05,
Koshi Province, Nepal Bagmati Province ,
Nepal
Mr. Pasang Sherpa Solududhakunda Kathmandu 85
and Mr. Furi Sherpa Municipality, Ward Sundarijal V.D.C
no. 01, Solukhumbu, Ward No.05,
Koshi Province, Nepal Bagmati Province ,
Nepal

This Valuation report is prepared on the basis of examination of the relevant ownership papers,
facts & figures supplied by owners, available cadastral maps, construction drawings, physical
verification of sites, detailed discussion with related persons, surrounding locality, prevailing
norms & procedures that I have evolved through my various experiences. Since land plots are
registered in the concerned Land Revenue Office as well as Such Municipalities, The properties
that have been valuated are legally tenable. Also, detail description of the properties has been
attached herewith. Furthermore, I hereby declare that I have no direct and indirect interest in
the properties that have been valuated.

Thanking you.

Valuer:
Er. Saroj Sapkota
(Civil Engineer)
NEC Regd. No. 79384

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 Applicant: - Mr. Pasang Sherpa
SUMMARY OF PROPERTY VALUATION
S.No. Property Value Of Land (NRs.) Remarks
1. Land (Plot No.81) 1,19,61,000.00
2. Land(Plot No.21) 4,16,08,000.00
3. Land(Plot No.23) 97,50,000.00
4. Land(Plot No.91) 1,46,25,000.00
5. Land(Plot No.177) 10,47,18,000.00
6. Land(Plot No.287) 54,60,000.00
7. Land(Plot No.288) 56,30,000.00
8. Land(Plot No.427) 49,90,000.00
9. Land(Plot No.438) 33,49,000.00
10. Land(Plot No.352) 48,03,000.00
11. Land(Plot No.64) 1,82,00,000.00
12. Land(Plot No.85) 1,40,00,000.00
TOTAL 23,90,94000.00

(In Words: - Five Hundred Fifty-Seven Million Seven Hundred Forty-Three

Thousand Nepalese Rupees )

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* 1 Canadian Dollar = NRs. 97.61 date on March 21, 2024.
*As per Prevailing Market Exchange Rate (in Canadian Dollar) by Nepal Rastra Bank on
March 21, 2024.
The total value of the property is : NRs. 23,90,94,000.00
Equivalent to : Canadian Dollar: - $ 2,449,482.63

Thanking you.

Valuer:
Er. Saroj Sapkota
(Civil Engineer)
NEC Regd. No. 79384

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VALUATION OF LAND
This valuation report is prepared for:

Owner Name Permanent Address Address of property Plot no.

Mr. Pasang Sherpa Solududhakunda Kathmandu 81
and Mr. Kusang Municipality, Ward Sundarijal V.D.C
Sherpa no. 01, Solukhumbu, Ward No.05,
Koshi Province Bagmati Province
Mr. Pasang Sherpa Solududhakunda Kathmandu 21
and Mr. Rolje Sherpa Municipality, Ward Sundarijal V.D.C
no. 01, Solukhumbu, Ward No.05,
Koshi Province Bagmati Province
Mrs. Pema Sherpa Solududhakunda Kathmandu 23,91,177
and Municipality, Ward Sundarijal V.D.C
no. 01, Solukhumbu, Ward No.05,
Koshi Province Bagmati Province
Lelep-2, Taplejung,
Mrs. Lakpa Futi Koshi Province
Sherpa
Mr. Pasang Sherpa Solududhakunda Solukhumbu 287, 288, 427, 438
Municipality, Ward Taksindu V.D.C Ward
no. 01, Solukhumbu, No. 07, Koshi
Koshi Province Province
Mr. Pasang Sherpa Solududhakunda Solukhumbu 352
Municipality, Ward Taksindu V.D.C Ward
no. 01, Solukhumbu, No. 06, Koshi
Koshi Province Province

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Mrs. Pema Sherpa Solududhakunda Kathmandu 64
Municipality, Ward Sundarijal V.D.C
no. 01, Solukhumbu, Ward No.05,
Koshi Province Bagmati Province
Mr. Pasang Sherpa Solududhakunda Kathmandu 85
and Mr. Furi Sherpa Municipality, Ward Sundarijal V.D.C
no. 01, Solukhumbu, Ward No.05,
Koshi Province Bagmati Province

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The details are as following: -

Land Value Calculation: (Fair Market Value)

1 Land Information Rate Of Land

Location Plot Area of Area in Rate Per Amount (NRs) Remarks
No. Land Sq. m Anna (NRs)
(R-A-P-D)
1. K a t hm a n d u 81 0-7-3-3.56 253.50 15,00,000.00 1,19,61,000.00
Su n da r ij a l
V.D. C Wa r d
No .0 5 , Ba g m a t i
Pro v i nce
2. K a t hm a n d u 21 2-0-0-0 1017.48 13,00,000.00 4,16,08,000.00
Su n da r ij a l
V.D. C Wa r d
No .0 5 , Ba g m a t i
Pro v i nce
3. K a t hm a n d u 23 0-6-2-0 206.64 15,00,000.00 97,50,000.00
Su n da r ij a l
V.D. C Wa r d
No .0 5 , Ba g m a t i
Pro v i nce
4. K a t hm a n d u 91 0-9-3-0 309.96 15,00,000.00 1,46,25,000.00
Su n da r ij a l
V.D. C Wa r d
No .0 5 , Ba g m a t i
Pro v i nce
5. K a t hm a n d u 177 5-7-1-0 2774.18 12,00,000.00 10,47,18,000.00
Su n da r ij a l
V.D. C Wa r d
No .0 5 , Ba g m a t i
Pro v i nce
6. Solukhumbu 287 8-8-1-3.92 4340 40,000.00 54,60,000.00
Taksindu V.D.C
Ward No. 07,
Koshi Province

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7. Solukhumbu 288 8-12-2-3.85 4475 40,000.00 56,30,000.00
Taksindu V.D.C
Ward No. 07,
Koshi Province
8. Solukhumbu 427 7-12-2-3.85 3966.26 40,000.00 49,90,000.00
Taksindu V.D.C
Ward No. 07,
Koshi Province
9. Solukhumbu 438 5-3-2-3.67 2662.26 40,000.00 33,49,000.00
Taksindu V.D.C
Ward No. 07,
Koshi Province
10. Solukhumbu 352 10-0-0-1.32 5090 30,000.00 48,03,000.00
Taksindu V.D.C
Ward No. 06,
Koshi Province
11. K a t hm a n d u 64 0-14-0-0 445.06 13,00,000.00 1,82,00,000.00
Su n da r ij a l
V.D. C Wa r d
No .0 5 , Ba g m a t i
Pro v i nce
12. K a t hm a n d u 85 0-10-0-0 317.90 14,00,000.00 1,40,00,000.00
Su n da r ij a l
V.D. C Wa r d
No .0 5 , Ba g m a t i
Pro v i nce

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 SUMMARY OF PROPERTY VALUATION

S.No. Property Value Of Land (NRs.) Remarks

1. Land (Plot No.81) 1,19,61,000.00
2. Land(Plot No.21) 4,16,08,000.00
3. Land(Plot No.23) 97,50,000.00
4. Land(Plot No.91) 1,46,25,000.00
5. Land(Plot No.177) 10,47,18,000.00
6. Land(Plot No.287) 54,60,000.00
7. Land(Plot No.288) 56,30,000.00
8. Land(Plot No.427) 49,90,000.00
9. Land(Plot No.438) 33,49,000.00
10. Land(Plot No.352) 48,03,000.00
11. Land(Plot No.64) 1,82,00,000.00
12. Land(Plot No.85) 1,40,00,000.00
TOTAL 23,90,94,000.00
(In Words: - Two Hundred Thirty- Nine Million Ninety- Four Thousand
Nepalese Rupees )

* 1 Canadian Dollar = NRs. 97.61 date on March 21, 2024.

*As per Prevailing Market Exchange Rate (in Canadian Dollar) by Nepal Rastra Bank on
March 21, 2024.
The total value of the property is : NRs. 23,90,94,000.00
Equivalent to : Canadian Dollar: - $ 2,449,482.63

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VALUATION METHODOLOGY
Fair Market Value
Fair Market Value is, available fair and reasonable sum of money at the time of valuation in a
hypothetically ideal market. The value on which both buying and selling occurs without any
restriction or necessity or any physical, sentimental, or mental influence to buyer and sellers.
Fair market value in our valuation is obtained by communication by local people & our
Judgment.

Distress Value
A property may fetch lower value than the market value because of various reasons such as any
restriction, financial or other necessity, or any physical, sentimental or mental influence to
sellers or intention to favors purchaser. Such value is distress value and in our valuation is
obtained by sum of a fraction of fair market rate and of government’s minimum registration
rate.

A. Method of Valuation
Methods of valuation for lands and Building
• Rental method
• Comparison method
• Reference to profit method
• Contractor’s method
• Development or Residual method

Among above maintained five method of valuation, following methods are the most suitable
method for valuation of land and building.

Comparison Method
This method is suitable for land valuation. The comparative method includes the study of
various transaction of near by lands of similar nature of the same area. Since no two lands can
be identical provision for situation, Shape, frontage and return frontage, level of land, nature of
soil, encumbrance, and land locked, restriction on development of land etc. should be taken into
account to fix the rate of land. When the plot is of big size with fewer frontages and more depth
belting method is also adopted.

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Straight line Method for Depreciation
The straight-line method is the most acceptable method. In this method equal amount of
depreciable value is deducted from asset value throughout service life of the property.
The formula used for depreciation is:
D = (C –Sc) / N and Dt = D*Y where D – Annual Depreciation
C – Original Cost
Sc – Scrap Value (10% of Original cost)
N – Life of Building in Years – Yrs.
Dt –Total Depreciation
Y – Age of Building in Yr.
For Building Scrap Value is generally taken to be ten percentage of the Original cost of the
building.

Formula for calculation of land area

S ( S − a )( S − b)( S − c )
Area of triangle = or L x B
Where,
S=a+b+c
2
Finding the value of land
Both the fair market value and distressed value are considered for the valuation of land. To
calculate the distressed value both Market Rate and Minimum Government Rate are
considered. 70% weightage is given for Market Rate and 30% weightage is given for Minimum
Government Rate.
*Government rate of land is taken from the Land Revenue Department of Nepal.

Unit of Measurement
1 Ropani(R) =16 Ana =5476.00 sq. ft.
1 Anna(A) = 342.25 sq. ft.
1 Anna (A) = 31.79 sq. m
4 Paisa(P) = 1 Anna
4 Dam(D) = 1 Paisa
1 Kanwa (Ka) = 45.56 Sq.ft.
1 Hector(H) = 10000.00 Sq. meter
1 Acer = 4046.36 Sq. meter
1 Kattha (K) = 3645.00 Sq.ft.
1 Bigha(B) = 72900.00 Sq.ft.
1 Dhur (D) = 182.25 Sq.ft.

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