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Home / Legal / Due Diligence / My property carpet area 750. I am living in Littlemount, Chennai and my property age is 40. I have uds 138 so what is the depreciated price of property and per sq ft price in my area?
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My property carpet area 750. I am living in Littlemount, Chennai and my property age is 40. I have uds 138 so what is the depreciated price of property and per sq ft price in my area?

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Chennai
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0 2022-05-10T09:49:26+00:00
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Hi there,

To calculate the resale value of a flat you need to do the calculation with a simple formula:

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

My brother purchased a property near Littleamount and he gave me a heads up on approximate pricing for a property which is 40 years old:

 

Unit Configuration

Approximate Price per square feet

BHK2  

Rs.  53,333.33

BHK4  

Rs. 12,500.00
 

To learn more about the other factors, you can check out the answer on:

How To Know The Price Of An Old Flat?

I hope this helps you.

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