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Hi everyone,
I’m considering buying a villa in a gated community in Ponmar, Chennai, and I want to estimate its fair valuation before making an offer.
Here are the property details:
• Location: Ponmar, Chennai (Gated Society)
• Plot Size: 1,350 sq. ft.
• Built-up Area: 1,723 sq. ft.
• Age of House: 8 years
• Land Value: ₹4,000 per sq. ft. (Approx)
From my understanding, the valuation should include:
1. Land Value Calculation: ₹4,000 × 1,350 = ₹54,00,000
2. Building Value: What’s the right way to price an...
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