Q:I have a flat in Chennai. How do I calculate the lease value of a residential property for 1 year and so on? Suppose, it is a 1000 sq. ft. house in a flat.
Latest Answer: The gross rental multiplier is a valuation benchmark that looks at a property relative to its rental income. To calculate a GRM, divide the price of the property by its yearly rent - for example, an Rs.6000000 house that rents for Rs.15,000 a month would have a GRM of 33.3, which is derived by dividing the Rs.180000 in annual rent into the Rs.6000000 price.
Q:North Town - The Only Township in the heart of Chennai Project Name : North Town. Total Area : 70 Acres Location : On landmark Binny gardens, perambur, Chennai. It has a vantage location in heart of Chennai, having a connection with wide roads between 3 locates Parrys & Broadway -the trade & commercial hub, Ambatur -industrial IT hub, Kilpauk & Purasaiwalkam - the premium residential hub. North Town is the best connected township in chennai with prominent rail and road connectivity to all parts. Developed by: Jointly by Arihant Foundations and Housing ltd with Unitech group in association with PVP ventures.