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Home / Legal / Due Diligence / 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.
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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.

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Hyderabad
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0 2022-01-24T18:17:40+00:00
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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.

Check how to calculate depreciation of building

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