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How do I calculate the Gross annual value of my...

How do I calculate the Gross annual value of my property?

How do I calculate the Gross annual value of my property?

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Chiranjibi Aug. 04, 2018

Follow the following steps to arrive at your annual value of house property:

  1. Find out reasonable expected rent of the property (municipal rent or fair rent, whichever is higher)
  2. Consider rent actually received / receivable
  3. Take whichever is higher from 1. and 2.
  4. Calculate loss due to vacancy
  5. Step 3 minus step 4. is the gross annual value of your property.

Deduct municipal taxes to arrive at the net annual value of your property. 




How do I calculate the Gross annual value of my property?