Rule 5
To Prepare The Valuation List Of House And Land
5. To prepare the valuation list of house and land :
(1) The committee shall carry out the following functions and duties in order to submit valuation data to Government of Nepal on the basis of the following principles to valuate the house and land in the urban area :-
(a) to prepare data of average cost as mentioned in Schedule (C) for the whole urban area indicating how much expenditure is to be made for each square feet in building a new house within the concerned urban area taking into account, inter alia, of the cost of materials required for the time being and carpenter, labour wages, as well as other
things required to build a house.
(b) To prepare a table chart as mentioned in Schedule (D) by dividing the whole urban area into necessary
zones on the basis of modern facilities of domestic life such as business situation of the concerned urban area, educational institution, water, electricity, means of entertainment, sewerage and setting the average cost expenditure prepared pursuant to Clause (a) in the zone of the least importance out of those zones and thus ascertaining
the rate of percentage to be added for the house situated in the other zones.
(c) The house on the right and left hand sides of any road have higher value than the houses in the street and the houses on the main road of a city have the highest value, so, the table chart as referred to in Schedule (E) has to be prepared by ascertaining the rate of percentage to be added to the average cost expenditure mentioned in Clause (b) for the houses in vicinity of such important and main roads, by also giving the names of such roads.
(d) After the value of a new house has been fixed on the basis of the chart as mentioned in clauses (a), (b) and (c), to prepare the table chart as mentioned in Schedule (F) by ascertaining how much percentage of depreciation is to be allowed for a year of the value (data) as mentioned in clause (a) for an old house, taking into consideration, inter
alia, of local situation and other circumstance as well and for how many years such depreciation has to be allowed.
(e) In cases where there is land along with a house, to prepare average value, zonal value and road importance data of such land too as per the principles mentioned in clauses (a), (b) and (c) from the viewpoint of importance of that house.
(2) The amount set upon fixing the value of the house and land
as per the mode as mentioned in Clauses (a), (b), (c), (d) and (e) shall be
deemed to be the value of such house and land; and the committee shall
make a report setting out all of such details to Government of Nepal.
(3) Government of Nepal shall publish the valuation of the
house and land in the urban area by making some alterations in the data
details submitted under sub-rule (2) and the value of the house and land
valuated if it so wishes.
(4) Unless any other order is issued by Government of Nepal, the
list of valuation published in the Nepal Gazette under Sub-rule (3) shall
be recognized for up to Five years from the date of its publication.
(1) The committee shall carry out the following functions and duties in order to submit valuation data to Government of Nepal on the basis of the following principles to valuate the house and land in the urban area :-
(a) to prepare data of average cost as mentioned in Schedule (C) for the whole urban area indicating how much expenditure is to be made for each square feet in building a new house within the concerned urban area taking into account, inter alia, of the cost of materials required for the time being and carpenter, labour wages, as well as other
things required to build a house.
(b) To prepare a table chart as mentioned in Schedule (D) by dividing the whole urban area into necessary
zones on the basis of modern facilities of domestic life such as business situation of the concerned urban area, educational institution, water, electricity, means of entertainment, sewerage and setting the average cost expenditure prepared pursuant to Clause (a) in the zone of the least importance out of those zones and thus ascertaining
the rate of percentage to be added for the house situated in the other zones.
(c) The house on the right and left hand sides of any road have higher value than the houses in the street and the houses on the main road of a city have the highest value, so, the table chart as referred to in Schedule (E) has to be prepared by ascertaining the rate of percentage to be added to the average cost expenditure mentioned in Clause (b) for the houses in vicinity of such important and main roads, by also giving the names of such roads.
(d) After the value of a new house has been fixed on the basis of the chart as mentioned in clauses (a), (b) and (c), to prepare the table chart as mentioned in Schedule (F) by ascertaining how much percentage of depreciation is to be allowed for a year of the value (data) as mentioned in clause (a) for an old house, taking into consideration, inter
alia, of local situation and other circumstance as well and for how many years such depreciation has to be allowed.
(e) In cases where there is land along with a house, to prepare average value, zonal value and road importance data of such land too as per the principles mentioned in clauses (a), (b) and (c) from the viewpoint of importance of that house.
(2) The amount set upon fixing the value of the house and land
as per the mode as mentioned in Clauses (a), (b), (c), (d) and (e) shall be
deemed to be the value of such house and land; and the committee shall
make a report setting out all of such details to Government of Nepal.
(3) Government of Nepal shall publish the valuation of the
house and land in the urban area by making some alterations in the data
details submitted under sub-rule (2) and the value of the house and land
valuated if it so wishes.
(4) Unless any other order is issued by Government of Nepal, the
list of valuation published in the Nepal Gazette under Sub-rule (3) shall
be recognized for up to Five years from the date of its publication.