Calculation ofgav
This query is : Resolved
30 October 2011
how to calculate the GAV when unrealised rent is given with vacancy?
eg.let
mv=2,00,000
fr=1,50,000
sr=2,50,000
actual rent=3,10,100
unrealised ret=41,000
vacant period=half a month amounted rupees 7,000
what is the GAV?
eg.let
mv=2,00,000
fr=1,50,000
sr=2,50,000
actual rent=3,10,100
unrealised ret=41,000
vacant period=half a month amounted rupees 7,000
what is the GAV?
CA PARAS BAFNA
(Expert)
30 October 2011
Nikhil,
Actual Rent means the Rent Received in terms of money. Unrealised rent means the rent has not been received at all.
.
When Vacant Period Rent is given separately it will be first added in Actual Rent.
.
This is done to compare with the Reasonable Expected Rent(RER).
.
A. So 310100+7000=317100 is the amount which will be compared with RER.
.
B. Here RER is MV= 200000.
.
When A & B are compared, the higher of thse two is selected. Here A is higher.
.
So 317100/- is selected.
From this figure Vacancy loss, which is 7000/- in the query, is deducted.
.
317100-7000=310100
.
310100 is the GAV.
.
Actual Rent means the Rent Received in terms of money. Unrealised rent means the rent has not been received at all.
.
When Vacant Period Rent is given separately it will be first added in Actual Rent.
.
This is done to compare with the Reasonable Expected Rent(RER).
.
A. So 310100+7000=317100 is the amount which will be compared with RER.
.
B. Here RER is MV= 200000.
.
When A & B are compared, the higher of thse two is selected. Here A is higher.
.
So 317100/- is selected.
From this figure Vacancy loss, which is 7000/- in the query, is deducted.
.
317100-7000=310100
.
310100 is the GAV.
.
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