MPSC ATP · Topic 19
19 MPSC ATP Annual Statement of Rates questions with answers
7 questions from MPSC ATP Mock Test 1 with answers and MPSC ATP 2022 question paper with answers. Try each one, then tap Show answer.
Previous-paper questions are as in the original paper. Medha AI wrote the answers and explanations.
Agricultural land in ASR
-
As per the IGR valuation guidelines, to decide whether land recorded as agricultural is actually under cultivation (for applying the agricultural rate), the valuer should examine
Show answerHide answer
Answer A. the 7/12 extracts of the land for the last three years
The guideline requires examination of the 7/12 extracts for the preceding three years; if the land is not under cultivation or is in a developable zone, the appropriate non-agricultural/developed land rate with permissible deductions is applied.
Source: IGR Maharashtra valuation guidelines: agricultural land
TDR / FSI valuation
-
As per the Mumbai suburban valuation guidelines, where a plot has the potential of consuming TDR, the ASR land rate is to be
Show answerHide answer
Answer C. increased by 40%
The Mumbai guidelines provide that for land on which TDR can be loaded (i.e. development potential beyond basic FSI), the land rate is enhanced by 40% for valuation.
Source: IGR Maharashtra valuation guidelines (Mumbai): TDR potential
Valuation for bulk land
-
In the Annual Statement of Rates, a land rate for a zone mainly reflects transactions of small developed plots. When a large undivided parcel ('bulk land') is valued, a lower unit rate is applied because:
Show answerHide answer
Answer B. Its layout needs roads, open spaces, development cost and time
A buyer of bulk land must lay out roads and amenities, spend on development and wait to sell plots, so per sq m value is lower than for a ready small plot; the ASR deduction reflects this, much like the developer's (layout) method.
Source: ASR guidelines (IGR Maharashtra) - bulk land; developer's method of valuation
Bulk land valuation
-
A bulk land of 2000 sq.m area is situated in Pune in the residential zone of the Development Plan. If the ASR rate of that land is Rs. 1,000 per sq.m, what would be the valuation of the property as per ASR?
Show answerHide answer
Answer C. Rs. 18,50,000
Under the ASR guidelines for the rest of Maharashtra, bare land in developable zones of a DP is valued slab-wise: first 500 sq.m at 100% of the ASR rate, 500-2000 sq.m at 90%, 2001-4000 sq.m at 80%, and so on. Value = 500 x 1,000 + 1,500 x 1,000 x 0.90 = 5,00,000 + 13,50,000 = Rs. 18,50,000. Note: if the 90% factor were applied to the whole area the value would be Rs. 18,00,000, but the slab-wise reading is the guideline's method and matches an option exactly. (Answer matches the official MPSC final key, 26-12-2022.)
Source: IGR Maharashtra ASR Guidelines (Rest of Maharashtra), Guideline 16(b) - valuation of bulk bare land
ASR approval timeline
-
The Annual Statement of Rates prepared by the Joint Director, Town Planning and Valuation, shall be submitted for approval to the Chief Controlling Revenue Authority latest by ______ of each year.
Show answerHide answer
Answer C. last day of February
Official MPSC final key: (3). Under the Maharashtra Stamp (Determination of True Market Value of Property) Rules, the Joint Director of Town Planning and Valuation submits the draft Annual Statement of Rates to the Chief Controlling Revenue Authority for approval by the last day of February.
Source: Maharashtra Stamp (Determination of True Market Value of Property) Rules 1995 / ASR rules
Predetermined price
-
If a property is sold or allotted by Government or a local authority on the basis of a predetermined price, the true market value of the subject property is
Show answerHide answer
Answer A. the value determined by the said bodies
The Maharashtra Stamp (Determination of True Market Value of Property) Rules provide that where property is sold or allotted by Government, a local authority or a Government undertaking at a predetermined price, that price is taken as its true market value. (Answer matches the official MPSC final key, 26-12-2022.)
Source: Maharashtra Stamp (Determination of True Market Value of Property) Rules 1995
Classification of properties
-
For the purpose of average annual rates (ASR), properties may be divided into
Show answerHide answer
Answer A. groups, sub-groups or classes
The ASR rules allow properties to be divided into groups, sub-groups or classes (by location, zone, type of land and building) for fixing average annual rates. (Answer matches the official MPSC final key, 26-12-2022.)
Source: Maharashtra Stamp (Determination of True Market Value of Property) Rules 1995
Practise more Annual Statement of Rates. The app has more questions on this topic, picks new ones first and brings back the ones you got wrong.
All MPSC ATP topics · MPSC ATP syllabus · Start free
Medha AI is an independent preparation service. It is not affiliated with, endorsed by or connected to APPSC, TSPSC, MPSC, UPSC or any other commission or government body.