Quote:
Originally Posted by rmagesh75
hi guys,
i am currently shortlisted a property, following are the details
type - semi indipendent house (400 sft GF and 400 SFt FF & with other areas total built up is 875 sft)
age - 7yrs old
area - ponniamman koil st in madipakkam (one of prime locality in madipakkam)
UDS - 665 sft
price quoted by owner - 30 lakhs
is it worth buying this property at this rate at this time?
what rate can be given for this property?
what is the ground rate in this area?
earlier reply is appreciated.
thanks in advance.
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madipakkam rate per sq ft ranges from 2900-3900 per sq ft.
the uds 665 for 875 is the highest you can get generally it is lesser for flats. a semi independent house is valued higher than a flat. you have a pvt terrace which is chargeable % in case of flats.
the best way is to go around the area check the rate of flats and reduce depreciation, also you have to pay full stamp duty for the value of the flat unlike uds value for new one.