When u need to value a House property then we include the cost of the land and the building. But how can value the House property in case of flats.
2006-06-09 21:05:17 · 4 answers · asked by Radha 1 in Business & Finance ➔ Taxes ➔ India
If your property is built on a 600 sq yard plot, and there are 20 flats/owners, then each flat owner owns 30 sq yds of land.
If you look at your sale agreement, it will mention the "land" you own. This land is deemed indivisible - which means you cannot sell it as an individual piece.
Hope that helps.
2006-06-10 01:06:23 · answer #1 · answered by Investor-CA 2 · 0⤊ 0⤋
what do the other flats sell for? Does you flat have more improvements? all these thing go into pricing property. land is not a problem with a flat.
2006-06-10 00:20:30 · answer #2 · answered by BUTCH 5 · 0⤊ 0⤋
Use the "flat rate" system.
2006-06-10 01:41:49 · answer #3 · answered by corvette 6 · 0⤊ 0⤋
No need it
2006-06-11 18:13:19 · answer #4 · answered by keshu 2 · 0⤊ 0⤋