**Contents**show

## How is property value calculated in Chennai?

Method of fixing Annual Value of any Property:

Monthly rental value (i.e) 100 P.M. Simply stated, 10.92 is the common factor for calculating annual value for all buildings. To arrive at Annual value of any building, **multiply monthly rental value with 10.92**.

## How is flat value calculated?

**Illustration for calculation total valuation of the property:**

- Total Built-up Area – 900 Square Feet / 83.61 Square Metres.
- Balcony/Terrace – 200 Square Feet / 18.58 Square Metres.
- Open Parking – 100 Square Feet / 9.29 Square Metres.
- Floor Number – 5th Floor.
- Lift – Yes.
- Age of Property – 21 to 30 years.

## Do flats have resale value?

Nothing can be more profitable than purchasing a flat at a price much lesser than the market rate. Moreover, **the resale flats are fully constructed** and come with a ready-to-move-in tag. One of the biggest benefits that the resale apartments provide is the tax benefit after gaining possession.

## How do I estimate my property value?

**How to find the value of a home**

- Use online valuation tools. Searching “how much is my house worth?” online reveals dozens of home value estimators. …
- Get a comparative market analysis. …
- Use the FHFA House Price Index Calculator. …
- Hire a professional appraiser. …
- Evaluate comparable properties.

## How is flat resale value calculated?

You can check the resale value of flats or old flats by applying the following formula: **Value or resale flat = value of undivided share of land + depreciated value of building and amenities + value of overheads, expenses, etc**.

## How do you calculate depreciation on a flat?

Suppose you are selling it after 20 years of construction, selling price of the building minus depreciation is arrived at by this simple formula- Number of years after construction/ Total (useful) age of the building. In Karthikeyan’s case it is **20/60 = 1/3**.

## How do you calculate valuation?

**Multiply the Revenue**

The times revenue method uses that for the valuation of the company. Take current annual revenues, multiply them by a figure such as 0.5 or 1.3, and you have the company’s value.

## How are apartment prices calculated?

If you wish to estimate the value of your apartment, you will just have to **multiply the surface area of your apartment by the price per m² of your municipality**. The price per m² represents the median in the locality. An apartment in good condition in a popular area of the municipality will have a higher price.

## Why is resale flat more expensive?

“There’s **a strong demand** for resale flats and the supply of resale is inflexible,” said Mr Mak. “So as a result, we see demand stronger than supply (and) prices go up.”