How to Determine Market Rent for Property
Querist :
Anonymous
(Querist) 05 August 2011
This query is : Resolved
DEAR SIR, THE HIGH COURT HAS DECREED ON AUG 4 2011 ON AN APPLICATION FILED BY ME THAT THE DEFENDANT , WHO IS USING AS RESIDENCE A FLOOR THAT BELONGS TO ME THAT HE SHALL PAY MARKET RENT TO ME FOR USE OF PREMISES, THE RENT TO BE DECIDED BY THE COURT. THE NEXT DATE OF HEARING IS SEP 20,11 WHEN MARKET RENT WILL BE DECIDED. MY QUERYIS : HOW SHOULD WE PUT UP OUR CASE FOR MARKET RENT.? 1FROM OUR SIDE WE SHALL TAKE OUT PRINT OUTS OF RENTAL VALUES PER SQ FEET GIVEN IN WEBSITE LIKE magicbricks. makaan.com. etc 2.PLACE CUTTINGS IN PROPERTY SPECIALS OF NEWSPAPERS WHERE RENTAL VALUES IN SQ FEET ARE GIVEN FOR DIFFERENT AREAS. OUR PROPERTY IS AT GK II AND THE RENTAL VALUES SHOWN FOR RESIDENTIAL PURPOSES IN GK II IS SHOWN BETWEEN30-33 PER SQ FEET. WOULD OUR METHDOLOGY BE ACCEPTABLE WHICH IS REASONABLE TO US. KINDLY GUIDE IN THE MATTER. VINAY KALA AUG 5,11
R.Ramachandran
(Expert) 05 August 2011
There are official approved Valuers for these purposes. You have to obtain the valuation from any one of them. The website particulars would have less evidentiary value.
Querist :
Anonymous
(Querist) 05 August 2011
dear sir,
i am afraid i have to disagree.
valuers are for sale and purchase of property not for rent.
kindly note that the court has decreed MARKET RENT, which is the customary rent that is generally payable for a certain locality.
THANKS FOR THE ADVICE ANYWAY FOR WHICH MY GRATEFUL THANKS.
Querist :
Anonymous
(Querist) 05 August 2011
dear sir,
i am afraid i have to disagree.
valuers are for sale and purchase of property not for rent.
kindly note that the court has decreed MARKET RENT, which is the customary rent that is generally payable for a certain locality.
THANKS FOR THE ADVICE ANYWAY FOR WHICH MY GRATEFUL THANKS.
