Development Method of Valuation:

This method of Valuation is used for the properties which are in the underdeveloped stage or partly developed and partly underdeveloped stage. If a large place of land is required to be divided into plots after providing for roads, parks, etc, this method of valuation is to be adopted. In such cases, the probable selling price of the divided plots, the area required for roads, parks, etc, and other expenditures for development should be known. If a building is required to be renovated by making additional changes, alterations, or improvements, the development method of Valuation may be used.

Depreciation method of valuation: 

In this method, the structure is divided into four-part for calculating depreciation; Walls, Roofs, Floors, Door and Windows 

Valuation based on cost: 

In this method, the actual cost of the construction is found out and valuation is done after considering depreciation and considering the type of construction and design of the construction.

Valuation based on profit: 

Under this sub-head, valuation of cinemas, theatres, hotels, banks, big shop etc. located at suitable places is done where profit is of capitalized value. 

The capitalized value is calculated by multiplying year's purchase with net profit. 

The net profit is worked out after deducting all possible outgoings and expenditures from the gross income.

In such cases the cost will be too high as compared with the cost of construction actually incurred.

Rental method of valuation: 

In this method, the rent of the building is used as the base for calculating the value of the building.