A building is situated by the side of the main road of Chandni Chowk in Delhi on a land of 600 sq m, If the depreciated value of the building after 40 years is Rs. 55000, then calculate the total valuation of the property after 40 years?

Assume the cost of land to be Rs. 85 per square meter after 40 years.

1
Rs. 79000
2
Rs. 10600
3
Rs. 4000
4
Rs. 106000

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