S3.5 Value Information

Copies of all abridgements containing information to value are sent by the Agency to the Lands Valuation Department of the Inland Revenue and to the Local Authority Assessors so that their valuation records can be updated.

Lands Valuation Department

By means of Ordnance Survey Maps and files for each individual property, the Lands Valuation Department maintains an up-to-date record of each unit of property in Scotland. From this information they also compile Property Lists, Agricultural Lists and Industrial Lists, which show trends in value. These records also assist the Revenue valuers to settle Estate Duty problems.

Local Authority Assessors

The Local Authority Assessors use the information supplied as a means of valuing property. The price paid in a transaction is a good guide in settling disputes over rating assessments and in assessing the popularity and desirability of certain districts.

Value Information should appear immediately below the Minute on a new line. The line should commence with “?l-”, there should then be a space, the value information then a full stop e.g. ?l- £42,000.

Value Information comprises:
 

(1) Consideration

?l- £15,100.

- If the consideration is less than £10,000 do not put in a comma:
?l- £9500.

- If the consideration in the writ is for “good causes and considerations”, this is noted as:
?l- G C & C.

- If the writ is a Conveyance to Beneficiary this is noted as:
?l- Convey. to Benefy.

- If writ is an Implement of Will this is noted as:
?l- Impl. of Will.

- In adjudicated writs, “Adjud”, followed by the adjudication number is noted as:
?l- C G & O C. Adjud. 21349/1998.

- If the writ states there is no consideration or if no consideration is narrated it is noted as:
?l- No Consideration.

- As above but where the writ does not actually use the phrase “no consideration” it is noted as:
?l- No Price.

(2) Plan/Duplicate Plan

If a writ has a plan or a duplicate plan this appears as value information:

?l- £15,000, PLAN.
?l- £6500, DUP. PLAN.

(3) Preservation Preservation/Execution Applications

If a writ has a preservation or a preservation and execution application this appears as value information:

?l- £5000, PRES.
?l- PRES/EX.

Example
(No.51) 15 May 1998
DISP. by JOHN SAMSON, 74 Muirfield Way, Deans, Livingston - TO IAN DOUGLAS MARSHALL and FRANCES MARSHALL, spouses, 11 Ninian Avenue, Craigends, Houston, Renfrewshire, equally and survivor, - of 0.043 hectare, with house 98 ALLER PLACE, ELIBURN EAST, LIVINGSTON thereon, referred to in Feu Con. to which said Granter was a party, recorded 28 Nov. 1991. Dated 19 Apr. 1998.
?l- £42,000.

However, if external information is shown then any value information would be on the line beneath it.

Example
(No.8) 31 Jan. 1998
FEU DISP. by ACORN HOUSING SPECIALISTS - TO ANDREW JOHN REILLY, 23 Comely Bank Drive, Edinburgh, - of 0.25 acre, part of 1 acre, at LIVINGSTON, referred to in Disp. to said Granter, recorded 12 Jul. 1972. Dated 27 Jan. 1998.
?l- 12 CRAWFORD PLACE, LIVINGSTON.
?l- £75,000, PLAN, PRES/EX.