Property Valuers Profession Act, 2000 (Act No. 47 of 2000)RulesRules for the Property Valuers Profession Amendment, 2022AnnexuresAnnexure B : Assessment of experience in property valuation |
Weights for different types of properties valued for different purposes of property valuation |
|||||||||
Expropriation |
Insurance |
Investments & Financial statements |
Land Reform |
Mortgage bonds & Security |
Municipal Rating and Endowments |
Purchase, Sale, Estates and Municipal Objections |
Rental determination |
||
01 |
02 |
03 |
04 |
05 |
06 |
07 |
08 |
||
Single residential land
|
01 |
12 |
0 |
8 |
8 |
3 |
1 |
5 |
4 |
General residential land (flats)
|
02 |
180 |
0 |
120 |
120 |
45 |
15 |
75 |
60 |
Single dwellings
|
03 |
60 |
5 |
40 |
40 |
15 |
5 |
25 |
20 |
Blocks of flats
|
04 |
300 |
20 |
200 |
200 |
75 |
25 |
125 |
100 |
Individual single residential units (sectional title & share block) |
05 |
60 |
5 |
40 |
40 |
15 |
5 |
25 |
20 |
Sectional title schemes & share block schemes |
06 |
360 |
20 |
240 |
240 |
90 |
30 |
150 |
120 |
Timeshare schemes
|
07 |
480 |
20 |
320 |
320 |
120 |
40 |
200 |
160 |
Leasehold
|
08 |
420 |
20 |
280 |
280 |
105 |
35 |
175 |
140 |
Commercial & Office land
|
09 |
240 |
0 |
160 |
160 |
60 |
20 |
100 |
80 |
Commercial & Office buildings
|
10 |
420 |
20 |
280 |
280 |
105 |
35 |
175 |
140 |
Industrial land
|
11 |
120 |
0 |
80 |
80 |
30 |
10 |
50 |
40 |
Industrial buildings
|
12 |
360 |
20 |
240 |
240 |
90 |
30 |
150 |
120 |
Potential township land
|
13 |
360 |
0 |
240 |
240 |
90 |
30 |
150 |
120 |
Partially developed townships
|
14 |
600 |
0 |
400 |
400 |
150 |
50 |
250 |
200 |
Small holdings (Agricultural, Commercial, Industrial and Residential) |
15 |
120 |
5 |
80 |
80 |
30 |
10 |
50 |
40 |
Servitudes
|
16 |
360 |
0 |
240 |
240 |
0 |
30 |
150 |
120 |
Land on which mines are situated
|
17 |
420 |
20 |
280 |
280 |
105 |
35 |
175 |
140 |
Farms (including forest land)
|
18 |
420 |
10 |
280 |
280 |
105 |
35 |
175 |
140 |
Special type properties
|
19 |
420 |
20 |
280 |
280 |
105 |
35 |
175 |
140 |
[Annexure B substituted by section 2 of Notice No. 408, GG43571, dated 31 July 2020]