Market Value Proposed Use (with pp) Gross Residual Value Existing Use Value Uplift in Value Landowner Use Value Land Value adopted for Viability (Base Value) The proportions of the uplift split between the landowner and the Local Authority will be different in each case.
Worst Value means, in respect of a ST Valuation Date, the RI Value for the Reference Item(s) with the lowest or equal lowest RI Value for any Reference Item in the Basket in respect of such ST Valuation Date.
New value means (i) money, (ii) money's worth in property, services, or new credit, or (iii) release by a transferee of an interest in property previously transferred to the transferee. The term does not include an obligation substituted for another obligation.