Your property-related legal queries answered by S.C. RAGHURAM, Partner, RANK Associates, a Chennai-based law firm

Please provide me valuation for a 14-year-old three-bedroom apartment with hall, kitchen, dining space, two balconies, three bathrooms and 100 sft car parking space near to Six number junction, Amberpet. The apartment has all the legal clearances and amenities.

Ramanna

The six number junction near Amberpet is a densely populated area. In fact, the region is much in demand because it acts as a link between Amberpet, Malakpet and Dilsukhnagar. The region has a lot of commercial and residential value. However, for this particular property, we also may have to consider that it is a 14-year-old structure. According to me, the cost of the property may be around Rs. 42 lakh to Rs. 44 lakh.

Provide me valuation for a four-bedroom independent duplex house (G plus two) in Annapurna Enclave residential colony in Chandanagar. The total area is close to 2,030 sft in 133 sq. yards of north-facing land.

The house was constructed four-and-half years ago with all amenities like woodwork and premium fittings. The property has HUDA approved layout and approved plan.

M. S. Sastry.

Thanks to the upcoming metro rail project, Chandanagar will very soon be easily accessible. According to me, the cost of the property will be close to Rs. 55 lakh. The property might, however, have a good future appreciation if the property owners decide to hold on to it for a few more years.

Please provide me valuation for my south-facing house constructed in 2001 with a built-up area of 900 sq. ft along with portico on a 250 sq yd plot in Sri Vasavi Siva Nagar Colony, Kushaiguda which is HUDA registered. The property has all facilities of society and Manjira water, full fledged drainage, tar roads, well laid out park and a playground and a self-secured though not gated colony located exactly two kilometres from ECIL crossroads.

D. Nagarjuna

The cost of the property will be around Rs. 35 lakh to Rs. 40 lakh. Since the built up area is less, the variation in the cost of the entire property is more.

Please provide valuation of my property at Gagan Mahal, Domalguda near Indira Park and NTR stadium. The plot size is 343 sq yds on which stands an independent house of nearly 1,000 sft carpet area with wall construction done in the year of 1976. There is only ground floor with portico covered car parking space. All municipal amenities such as water, electricity and drainage are with proper sanctions from the then MCH.

S. Pattabiraman

As far as real estate demand is concerned, the Gagan Mahal area is evergreen. The chances if prices of the land falling down are very remote in this area. While the building is very old, thanks to the location of the property, the property will hold a lot of promise. According to me, the cost of the property is around Rs. 1.8 crore.