Bureau of Local Government Finance

Module 4

General Revision Forms (GR Forms)

Required for Updating the Schedule of
Market Value

Skills development Training on SMV Updating and Conduct of

General Revision
General Revision Forms

G.R. Form No. 1. Schedule of Base Unit Market Values for

Residential, Commercial and Industrial Lands
Contents:
 Per unit market value of residential, commercial and
industrial lands per classification
 Standard depth determination/definition
 Corner influence determination/definition
 Definition of sub-classes for residential, commercial and
industrial lands

GR FORM NO. 1.docx

General Revision Forms

G.R. Form No 2. Sub-Classification Criteria

Contents:

 Definition of each sub-classification for commercial,

industrial and residential property classification

GR FORM NO. 2.docx

General Revision Forms

G.R. Form No 3. Statement of Sales Values of Residential,

Commercial and Industrial Lands
Contents:
 The form records sale transactions that occur in the
jurisdiction of the LGU showing information such as:

TD or Index No. Lot No.

Location Classification of land
Sub-Classification Sales value
Area Sales value/sq.m.
Year of transaction Document file Number

GR FORM NO. 3.docx

General Revision Forms

G.R. Form No 4. Tabulations of Sales Values for Each Class

of Residential, Commercial and Industrial Lands Taken from
GR Form No. 3.
Contents:
 The form contains information such as:
 Year of transaction
 TD or Index Number
 Lot Number
 Unit Sales Value
 Adjusted Unit Sales Value

GR FORM NO. 4.docx

General Revision Forms

G.R. Form No 5. Computation for the Unit Base Market Value

(Urban Lands)
Contents:
 For each class and sub-class of property the form
arrange the adjusted unit sales value under column 5 of
GR Form No. 4 in ascending order.
 The form also shows the determination of the unit base
market value using the mean and average method.

GR FORM NO. 5.docx

General Revision Forms

G.R. Form No 6. Schedule of Base Unit Market Values for

Agricultural Lands

Contents:

 The form contains the base unit values for each subclass
agricultural land
 It also shows the definition of the subclass of agricultural
land using productivity classification

GR FORM NO. 6.docx

General Revision Forms

G.R. Form No 7. Statement of Sales Values of Agricultural

Lands
Contents:
 Similar to G.R. Form No. 3 the form records agricultural
sale transactions that occur in the jurisdiction of the LGU
showing information such as:
TD or Index No. Lot No.
Location Kind
Sub-Classification Sales value
Area (has) Sales value/sqm
Year of transaction Document file Number

GR FORM NO. 7.docx

General Revision Forms

G.R. Form No 8. Tabulation of Sales Values for each Class of

Agricultural Land Taken G.R. Form No. 7
Contents:
 The form contains the following:
Year of transaction TD or Index Number
Lot Number Unit Sales Value
Type of Road Distance to Road
Distance to Poblacion Percentage Value
Adjusted Value

GR FORM NO. 8.docx

General Revision Forms

G.R. Form No 9. Computation for the Unit Base Market Value

of Agricultural Lands
Contents:
 The form arranges the adjusted unit sales value under
column 9 of G.R. Form No. 8 in ascending order.
 It also shows the procedure of determining the unit base
market value of agricultural lands using the average and
mean method.

GR FORM NO. 9.docx

General Revision Forms

G.R. Form No 10. Schedule of Base Unit Construction Cost

for Buildings: Part A Base Unit Value

Contents:

 The form shows the matrix of the different Base Unit

Construction Cost for Different Kind of Building by
Classification (e.g. Type I-A Duplex, Type I-C
Apartments

GR FORM NO. 10.docx

General Revision Forms

G.R. Form No 11. Schedule of Base Unit Construction Cost for

Buildings: Part B Schedule of Depreciation

Contents:

 The form shows the matrix of the different depreaciation

rate for each building type.
 It also shows the residual value of the building if fully
depreaciated

GR FORM NO. 11.docx

General Revision Forms

G.R. Form No 12. Schedule of Base Unit Construction Cost for

Buildings: Part C Extra Items as Component Parts of Building
Contents:
 The form shows extra items of building and its
corresponding construction cost which should be added
to part A of G.R. Form No. 12. It includes items such as
carport, mezzanine, porch, balcony, basement,
pavement, floor and wall finished, etc.

GR FORM NO. 12.docx 

End of Presentation

Thank You