What is the Building Value Calculator?

The Building Value Calculator is a tool designed to help users estimate the value of a building based on various parameters such as building type, roof type, number of floors, location, age of the building, and additional services. This tool takes into account the specific rates approved by the Public Works Department (PWD) of Tamil Nadu for the year 2023-2024.

How to Use the Building Value Calculator

To use the calculator, you need to provide the following details:

• Building Type: Select the type of building from the available options.
• Roof Type: Choose the roof type applicable to your building.
• Number of Floors: Enter the total number of floors.
• Built-Up Area: Specify the built-up area for each floor.
• Location: Choose the location where the building is situated.
• Building Age: Enter the age of the building in years.

Factors Considered in Calculation

The calculator uses the following factors to estimate the building value:

• Base Rates: The base rates for different types of buildings and roof types as approved by PWD.
• Depreciation: The value depreciation based on the age of the building.
• Location Adjustment: Adjustments based on the location of the building.

View the Official Document

You can refer to the official document provided by the Public Works Department of Tamil Nadu for detailed rates and guidelines. The document can be viewed below:

*Disclaimer:

The Building Value Calculator provided on this website is a tool designed to assist users in estimating the building value based on the inputs provided. The calculations and outputs are based on the regulations and guidelines available at the time of use. However, the accuracy and applicability of the results may vary depending on specific circumstances, updates to regulations, and interpretations by relevant authorities.

Users are advised to consult with qualified professionals and verify the results with local regulatory bodies before proceeding with any construction or development projects. Verified.RealEstate and its developers do not guarantee the accuracy, completeness, or reliability of the information provided by this tool and shall not be held liable for any discrepancies, errors, or omissions in the results.

Note: The calculator does not consider the costs for external services, internal services, and electrical items in its calculations.

By using this Building Value Calculator, you acknowledge and agree to use it at your own risk and discretion.