PDA

View Full Version : Annual value of landed properties


Santro
02-03-13, 20:17
Is annual value of landed properties calculated based on land size or build-up. All things being equal, will the condo of X sqft have same annual value as a landed with land size X sqft.
hutsutau
03-03-13, 14:32
what is the annual value of a 1800 terr house in serangoon gardens
DC33_2008
03-03-13, 14:48
Less than 30000.
what is the annual value of a 1800 terr house in serangoon gardens
Santro
03-03-13, 17:30
Would this change if the house was built to 3 storey.


Less than 30000.
DC33_2008
03-03-13, 20:07
It is not whether 2 or 3 storeys but the GFA.
Would this change if the house was built to 3 storey.
hutsutau
04-03-13, 09:51
It is not whether 2 or 3 storeys but the GFA.
so 1 storey terr pay the same as a rebuilt 3 storey house?
Ringo33
04-03-13, 15:34
so 1 storey terr pay the same as a rebuilt 3 storey house?

The purpose of building 2 or 3 storey is to max out the GFA allowance. So for 3 storey terrace GFA will be higher.
buttercarp
04-03-13, 20:40
Is annual value of landed properties calculated based on land size or build-up. All things being equal, will the condo of X sqft have same annual value as a landed with land size X sqft.

According to the IRAS website the AV of a landed house is calculated based on the value of the freehold land.

It did not specify how the AV of 99y and 999y LH land are calculated.

So I think 1 storey or 3 storeys, the AV should be the same.

http://www.iras.gov.sg/irasHome/page04_ektid2110.aspx

"The Annual Value is determined at 5% of its estimated freehold market value."
DC33_2008
04-03-13, 20:54
For estate in fee simple, anything found on your land belongs to you.
According to the IRAS website the AV of a landed house is calculated based on the value of the freehold land.

It did not specify how the AV of 99y and 999y LH land are calculated.

So I think 1 storey or 3 storeys, the AV should be the same.

http://www.iras.gov.sg/irasHome/page04_ektid2110.aspx

"The Annual Value is determined at 5% of its estimated freehold market value."
buttercarp
04-03-13, 21:02
For estate in fee simple, anything found on your land belongs to you.

Yes sir, you are right!
So that's the highest form of land ownership.
Estate in perpetuity- if find treasure in it, it belongs to the state.
DC33_2008
04-03-13, 21:34
What is yours?
Yes sir, you are right!
So that's the highest form of land ownership.
Estate in perpetuity- if find treasure in it, it belongs to the state.
Blue
11-03-13, 18:37
According to the IRAS website the AV of a landed house is calculated based on the value of the freehold land.

It did not specify how the AV of 99y and 999y LH land are calculated.

So I think 1 storey or 3 storeys, the AV should be the same.

http://www.iras.gov.sg/irasHome/page04_ektid2110.aspx

"The Annual Value is determined at 5% of its estimated freehold market value."

The AV of a property be it landed or non-landed is practically based on the average annual rental of similar properties within the same area. Not 5% of its market value...
buttercarp
11-03-13, 22:27
The AV of a property be it landed or non-landed is practically based on the average annual rental of similar properties within the same area. Not 5% of its market value...

So this 5% of market value of the land refers to vacant land?

http://www.iras.gov.sg/irasHome/page04_ektid2110.aspx

https://pbs.twimg.com/media/BFFS7IECQAAUmcF.jpg
Blue
15-03-13, 18:24
So this 5% of market value of the land refers to vacant land?

http://www.iras.gov.sg/irasHome/page04_ektid2110.aspx

https://pbs.twimg.com/media/BFFS7IECQAAUmcF.jpg

Yup, only applies to vacant land without buildings. But the irony part is, this method (5% of market value) will make the AV higher than the rental method. :beats-me-man: