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How to calculate base price of a resale property?

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0 2023-03-19T19:20:26+00:00
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Hi there, The cost of resale apartments could differ based on the location, neighbourhood, age of the apartments, and many other factors. The formula to calculate the resale value of a flat is as folows:

Value or resale flat = value of undivided share of land + depreciated value of building and amenities + value of overheads, expenses, etc. 

The base price can be calculated roughly by knowing the per sq ft price of the properties in your area and multiplying it to the per sq ft area of your house. This is how you can check the value of your flat. 

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