MMP211 Lecture Notes - Lecture 2: 5Aa, Local Government Areas Of Victoria, Fee Simple
15 Apr 2019
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Document Summary
2019 valuation best practice specifications guidelines (2019 vbpsg) made under section. 5aa of the act likely to improve the standard of valuing in victoria. Provides a framework of processes, tasks and outputs required for the return of general valuation that meets all qualitative and legislative standards approved by. Valuer-general: the 2019 vbpsg incorporates all changes made to the act up to 20 december 2017. Important changes in the 2019 vbpsg include: how valuer-general"s responsibilities for causing general valuations and supplementary valuations are to be met, the process for returning general valuations annually, the process for requesting and returning supplementary valuations. Preparation project plan, data validation, smg and hrp review. This stages involves general planning and preparation for the revaluation commences with an environment scan to understand requirements, system and resources confirms sub market groups for sale analysis and valuation application and identifies high risk properties. Analysis inspections, data accumulation, sale analysis and modelling. The collection of sales and leasing data.
