What is agreement value and how is the agreement value computed?
The agreement value is the amount mentioned in the agreement for sales. Taxes and stamp duty are computed on the agreement value of your apartment. The agreement value is typically computed as follows
Agreement value = (area * base rate) + floor rise premium + view premium + car park cost – any applicable discount
The above rates are not typically mentioned on the cost sheet and only the final computed agreement value is mentioned, you can ask your Sales Manager for details.
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