A property fetches a net annual income of Rs.900 deducting all outgoings. Workout the capitalized value of the property if the rate of interest is 6% per annum.
(a) Rs.67003.00
(b) Rs.189003.00
(c) Rs.45603.00
(d) Rs.15003.00
The question was posed to me in an interview for internship.
This is a very interesting question from Values, Tax, Funds & Rents etc topic in division Valuation, Reports Technical and Design Data of Civil Engineering Drawing