I too wanted to know what should be the resale value of our 20 years old property and came across an answer from the NoBroker forum which really helped me.
Just follow the basic formula which is
Resale value= value of an undivided share of land + depreciated value of building and amenities+value of overheads, charges and more. Do note that the depreciation rate gets increased by 1.5% every year.
You can go through the answer as well here for more help:
How to determine the resale value of a property?
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Read More:How to calculate market value of property?
How to calculate the price of an old flat?
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Calculate the resale value of the old flat
Janakiram28
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3 Year
2022-12-01T11:15:18+00:00 2024-10-04T16:11:39+00:00Comment
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