Valuation of flat
Querist :
Anonymous
(Querist) 12 October 2011
This query is : Resolved
I want buy a flat at Chennai. As per builder plan :
1. Built up area- 704 sq ft.
2. Plinth Area (Sl.No.1 + 20%) (704+141) : 845 Sqft
3. Common Area (23% of Sl.No.2) : 194 Sqft
Saleable Area (Sl.No.2+3) 1039 Sqft
Builder is asking for 1039 sq.ft.
According to my valuation I have to pay only for 845 sq.ft.
Is builder valuation for 1039 sq.ft is correct?
Sankaranarayanan
(Expert) 12 October 2011
First you disclose the name and ask the query.
This question should be asked to architect or engineer,
Carpet Area – The actual area you can use. The area on which ‘you can put a carpet’ in entire house, it includes everything bedroom, kitchen, hall, bathrooms, balcony. It is fairly easy to calculate carpet area for any rectangle room, just measure width and length and multiply them, Let’s take an example, if your master bedroom is of 15 * 13 ,carpet area of this room will be 195 square feet. if it’s not rectangle , divide them in different rectangular part and calculate carpet are of separate section and add them altogether. You can simply download my carpet area calculator excel file and use it.
Builtup Area - This is the area of the apartment that includes the area covered by the walls so it is net area of a flat, including space covered by the wall . Sometimes balcony is considered in Built Up area not in carpet area. As a general rule built up area is around 8% to 10% more than carpet area.
Super built up Area – Super built up Area is most commonly known as Salable area, Most of time builder deals on this area, so don’t assume that you will get same space within your house which is described by your builder. So it consist built up area + markup for common spaces like lifts and stairs etc. Super built up area is a unique money making concept by builders in apartment complexes.
Covered Area – In general, Covered area is the actual area under the roof. It is not so widely used.
If you are aware about these term, you can easily calculate carpet area/ built-up area. Please be sure about which type of area is mentioned before doing any investment. Let us know your real life experience around these words in comments. Shout in comments if you have been cheating by manipulating words in any proposal to you.
Raj Kumar Makkad
(Expert) 12 October 2011
You have not mentioned the method of your calculation.
Share in common areas has also to be contributed. Anyway, put your calculation first.
ajay sethi
(Expert) 12 October 2011
builder is selling you flat on basis of super built up area although in agreement it will be mentioned carpet area .
this is common practice adopted by builders .
you have an option either to buy flat or purchase in another locality
prabhakar singh
(Expert) 12 October 2011
Mr.Sethi has already explained you the practice of builders .Moreover if we confirm you correct will it bind the builder????
Or it is matter to to be negotiated with builders !
Very silly things are coming across,is it really a matter of any legal opinion??????
rajeev sharma
(Expert) 12 October 2011
I do agree with MR SINGH. It is an irrelevent query having no legal merit.
Shailesh Kumar Shah
(Expert) 13 October 2011
I do agree with views of Shri Ajay Sethi. and Shri Prabhakar Singh rightly told further.
