Hey there, One of the major questions that plague anyone who is thinking of resale value is how to calculate the resale value. The resale value of a flat is not dependent on one factor. There are many things to consider when calculating the resale value of a flat. Some of the factors you need to think of are :
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Location of the property
Size of the priority
Amenities in the property.
Rate of depreciation
Hidden charges and costs
The construction cost of the property
Maintenance cost of the property
Market Value of the property etc
I will now share the formula to answer how is a flat resale value is calculated in Chennai :
Value or resale flat = value of an undivided share of land + depreciated value of building and amenities + value of overheads, expenses, etc.
The resale value of property differs from one state to another. The resale value of flats also differs from one part of Chennai to another part of Chennai.
The resale value of 4 BHK plus is
14,794.29 per sq ft.
The resale value of 4 BHK is
Rs.15,606.38 per sq ft.
The resale value of 3 BHK plus is
Rs.15,025.81 per sq ft.
The resale value of 2 BHK plus is
Rs. 11,156.80 per sq ft.
The resale value of 1 BHK plus is Rs.
8,368.78 per sq ft.
You can ask real estate agents and brokers that reside locally for an estimate about the resale value of a flat in Adyar, Chennai. They will have an idea about the current market rate. I hope my answer about the resale value of flats in Adyar Chennai is helpful to you.
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Resale value of a flat in adyar
HamsaLakshimi Narayanan
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3 Year
2021-12-01T10:17:09+00:00 2025-02-14T14:50:23+00:00Comment
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