Important to know: if you are going to buy an old property, in this easy way you can find out its real value.

How to calculate market value: Buying a house is a dream of all of us. However, property prices keep going up and down over time. In such a situation, one thing bothers us when buying a house. That is to determine the actual value of that property. If you are buying an old property. In such a situation, you need to know about its real value. It is necessary to show a lot of understanding when buying a property or a house. Often people try to sell their property by listing more than the actual price. In such a situation, if you do not act wisely. In this situation, you may have to face a huge loss. In this episode today we will tell you about a wonderful way, with the help of which you can easily find out the real value of the old property. let’s know –

Let’s understand it like this. Suppose when the house was built. During that time, the cost of land was Rs 30 lakhs. At the same time, the total expense of Rs 20 lakh was incurred on the construction work of the house.

Suppose an expense of Rs 20 lakh was incurred in the construction of the house. In this case, you have to divide it by 6. In this case, its value will come to Rs 3.33 lakh. After this, you need to deduct Rs 3.33 lakhs from the structural cost of Rs 20 lakhs. Therefore, the current structural cost of the property would be Rs 16.66 lakhs.

You should note that property depreciation does not take place in the cost of the land. In such a situation if your land value has risen to Rs 45 lakh. In this situation, the current cost of the entire house including the land will be Rs 61.66 lakhs.