My friend told me that we need to use a formula to calculate depreciation of building. The formula is:
(Number of years after construction / Total useful age of the building) x current market price.
You can use this formula to check depreciation of building perhaps.
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I have a flat in Nagarjuna Nagar colony, Tarnaka about 1300 sq ft with 39 yds UDS. As per the new government values the rate in the area is between ₹ 3800 sft to ₹ 4200 sq ft. Based on this the flat may need to be registered between 49 lakhs to 56 lakhs . But The building is 15 years old . I want to sell the flat . How much would be depreciation market value for registration.
S R Shekar
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2022-01-23T16:35:41+00:00 2025-02-20T22:16:56+00:00Comment
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