Property Valuers Profession Act, 2000 (Act No. 47 of 2000)

Rules

Purchase

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]