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How do u value land when it is a flat.?


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.

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.
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.
Use the "flat rate" system.
No need it
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