1) Guide lines from Registrar’s Department
2) Price paid within a reasonable time, in bonafied transactions of purchase of lands acquired.
3) Supply and Demand, Frontage of the property, locality, characteristics like shape, size, Road width, accessibility, proximity to hospitals, schools, markets etc.
4) Opinions of relevant person such as Neighbors, Brokers and recent sales and prevailing trend.
Bungalows / Independent Houses, the cost of land and building are assessed separately and added to get the present value of the property
Villas/ Row houses / Flats are effected by various factors like common passages, lifts, common places of assembly, parking. Mostly it depends on Social built up of the housing complex also. The rates are assessed from Per Square feet rate of the super built up area which includes Built up area + common share of common areas such as Entrance, lifts, passages, stair hall and parking etc. It is generally taken as 15-20% higher than the plinth area. The valuation is done, thus on Prevailing rates of the super built up area in the locality.
1) Carpet area = Area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner walls
2) Built-up area = Carpet area plus the thickness of inner walls and outer walls and the balconies
3) Super built-up area = The built up area plus proportionate area of common areas such as the lobby, lifts shaft, stairs, etc. The plinth area along with a share of all common areas proportionately divided amongst all unit owners makes up the super built-up area.