Tuesday, April 21, 1998

Home Valuation

- SISV Guidelines-
Scale of Professional Charges
General
Except where otherwise stated, the scale of professional charges set out below are exclusive of disbursements, plans, coples of documents, lithography, traveling and other expenses.

A) VALUATION
1) Capital Valuation of Freehold and Leasehold Property
0.10% on the 1st $500,000;
0.08% on the next $500,000;
0.06% on the next $4,00,000, and
by prior agreement for capital value above $5 million.

Fees for panel Valuers of financial institutions will be negotiable with respective financial institutions.

For revaluation by same Valuer within two years of previous valuation, the discounted fee will be:
1st revaluation - 50% of the fee as computed on the basis of the above-quoted rates;
2nd revaluation - 40% of the fee as computed on the basis of the above-quoted rates;
3rd & subsequence revaluation - 25% of the fee as computed on the basis of the above-quoted rates.

Minimum fee $200.

2) Rental Valuation
The fee will be computed on the basis of annual rent as follows:-
1.50% on the 1st $60,000
1.00% on the next $240,000
0.50% on the balance.

Minimum fee $200.

3) Valuation of Furniture, Fixtures, Trade Stocks and Effects
5.0% of the 1st $5,000
2.5% on the balance.