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Hi everyone,
Iβm 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:
β’ Location: Ponmar, Chennai (Gated Society)
β’ Plot Size: 1,350 sq. ft.
β’ Built-up Area: 1,723 sq. ft.
β’ Age of House: 8 years
β’ Land Value: βΉ4,000 per sq. ft. (Approx)
From my understanding, the valuation should include:
1. Land Value Calculation: βΉ4,000 Γ 1,350 = βΉ54,00,000
2. Building Value: Whatβs the right way to price an...
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