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.
